Kuwait city: The Union of Arab Banks (UAB) on Thursday listed eight Kuwaiti banks among the top 100 Arab banks by assets for 2024.
According to Kuwait News Agency, the UAB’s Secretary-General Wissam Fattouh announced the rankings based on an analytical study conducted by the union. The Kuwaiti banks recognized include National Bank of Kuwait, Kuwait Finance House, Burgan Bank, Gulf Bank, Ahli United Bank, Warba Bank, Commercial Bank of Kuwait, and Kuwait International Bank.
He detailed that the combined assets of these eight Kuwaiti banks reached approximately USD 367.7 billion. Among them, the National Bank of Kuwait (NBK) secured the top position locally, ranked eighth within the Arab region, and placed 179th globally in terms of assets.
Fattouh further explained that Kuwait Finance House (KFH) was ranked second in Kuwait, 10th in the Arab list, and 198th globally. Burgan Bank followed, holding third place locally, 40th in the Arab rankings, and 571st globally.
The UAB’s chief highlighted that the total assets of the top 100 Arab banks amounted to roughly USD 4.5 trillion by the end of 2024.