16/03/2026 07:10 AST
National Bank of Kuwait (NBK) held its Annual General Meeting (AGM) for the financial year ended December 31, 2025, with a quorum representing 70.43 percent of the Bank's share capital. During the meetings, shareholders approved all agenda items, including the Board of Directors' recommendation to distribute a cash dividend of 35 fils per share and bonus shares of 5 percent (five shares for every 100 shares owned).
Delivering strong performance amid challenges
In his opening remarks during the General Assembly, Hamad Al-Bahar, NBK Group Chairman, said: "Amid the exceptional circumstances we are witnessing today, I pray that God continues to protect our country, Kuwait, from all harm and to preserve the blessings of security and stability that we enjoy."
Al-Bahar reviewed NBK's performance during 2025, emphasizing that the Bank delivered a series of notable achievements throughout the year despite the challenges facing the global economic environment, including trade tensions and geopolitical uncertainties. "Over the past year, NBK continued to execute its strategic priorities with consistency, while strengthening its institutional capabilities and reinforcing the resilience of its financial position. This was made possible through a robust governance framework and disciplined risk management, under the oversight of a Board of Directors distinguished by the breadth and depth of its expertise, and an executive management team committed to the highest standards of professionalism and institutional discipline," Al-Bahar added.
Furthermore, he explained that, in line with the Bank's commitment to maximizing value for its shareholders, the Board of Directors recommended the distribution of a cash dividend of 35 fils per share for the financial year ended December 31, 2025, in addition to recommending the distribution of bonus shares at a rate of 5 percent. He noted that these recommendations reflect the Board's confidence in the Bank's strong financial position and its ability to continue delivering solid performance while maintaining the resilience of its capital base.
Decades of progress
During the General Assembly, Al-Bahar highlighted NBK's continued journey of progress spanning more than seven decades, during which the Bank has helped shape Kuwait's financial landscape and played an active role in supporting economic development across the region. He noted that since its establishment more than 73 years ago, NBK has not merely kept pace with change but has consistently anticipated and shaped it, evolving from a leading local banking institution into a regional powerhouse with a global presence and significant strategic influence.
Shaping the future
"Today, NBK continues to respond to the evolving needs of its customers and the broader community amid a rapidly changing economic and financial landscape, while further strengthening its position as a leading institution contributing to shaping the future of responsible banking. This is achieved through sustained investment in innovation and advanced technologies, as well as the continued development of our digital infrastructure to enhance operational efficiency and elevate the customer experience," Al-Bahar noted.
Kuwait Vision 2035
Al-Bahar affirmed that the Bank continues to align its strategy with the objectives of Kuwait Vision 2035 by directing capital and expertise toward supporting national priorities, including infrastructure development, private sector empowerment, and economic diversification, while strengthening connectivity with international capital markets to support long-term economic transformation.
He added that sustainability occupies a central place in NBK's strategy, reflecting the Bank's belief that creating long-term value requires balancing financial performance with economic, social, and environmental responsibility. He noted that the Bank continues to integrate environmental, social, and governance (ESG) principles into its operations and investment decisions.
Reinforcing leadership standards
On the Bank's future outlook, Al-Bahar said: "As we look ahead, NBK's ambition extends beyond maintaining its position in an increasingly dynamic financial landscape. Our goal is to deepen our impact, elevate our contributions, and continue reinforcing leadership standards in responsible banking for generations to come, while further strengthening our digital capabilities, expanding our presence across markets, and maintaining a strong focus on innovation, national talent development, and sustainable finance."
Appreciation and gratitude
Al-Bahar concluded his remarks, saying: "I would like to extend my sincere appreciation to the executive management and all employees across the Group's various sectors for their dedicated efforts. I also express my gratitude to our valued shareholders and customers for their continued trust, to my fellow Board members and the Board's committees for their guidance and oversight, and to the Central Bank of Kuwait and the Capital Markets Authority for their role in supporting the stability of Kuwait's financial system."
Overcoming challenges
Meanwhile, Isam Al-Sager, Vice Chairman and Group Chief Executive Officer of National Bank of Kuwait, said: "At the outset, and in light of the significant developments and challenges confronting the world and the region, we pray that this period passes peacefully, and that Kuwait, its leadership, and its people remain protected from all harm."
Al-Sager added in his remarks during the AGM: "Although 2025 was marked by global economic uncertainty, shifting monetary conditions, and evolving geopolitical dynamics, NBK once again demonstrated its ability to navigate challenges, supported by the resilience of its business model, the strength of its balance sheet, and the effectiveness of its long-term strategy."
He noted that the Bank's financial results reflect this resilience, as NBK recorded a net profit of KD 575.6 million for the financial year ended December 31, 2025, supported by strong operating income and disciplined risk management. He added that this performance underscores the Bank's ability to operate effectively in complex economic environments while continuing to deliver sustainable value for its shareholders. Al-Sager noted that operating income increased in 2025 to KD 1.3 billion, driven by the continued strength of the Bank's core banking activities, the expansion of its international operations, and sustained momentum across the Group's diverse business lines.
Furthermore, he emphasized that what distinguishes NBK is not only the results it delivers each year, but the consistency and resilience with which it sustains that performance. Over the decades, the Bank's strategy has been anchored in clear fundamentals, including prudent risk management, strong capital and liquidity positions, a diversified business model spanning multiple markets and sectors, and sustained growth in its wealth management business.
Al-Sager noted that NBK today operates one of the largest international networks among Arab banks, with a presence in leading global financial centers. He emphasized that this international footprint enables the Bank to capture growth opportunities while maintaining a well-balanced exposure across diverse markets.
Supporting economic development
"At the same time, we remain firmly committed to supporting economic development in the State of Kuwait. During 2025, the Bank continued to play a leading role in financing strategic projects and supporting key sectors of the economy, including energy, infrastructure, and private sector development. Major financing transactions have further reinforced our role as a trusted partner to leading institutions and corporations in the country," Al-Sager continued.
Sustainable assets
Al-Sager affirmed that sustainability represents a cornerstone of NBK's strategy, noting that the Bank views sustainable finance not as an obligatory requirement but rather as a long-term growth opportunity. He added that by the end of 2025, NBK's sustainable asset portfolio had exceeded USD 6 billion, marking tangible progress toward its target of reaching $10 billion by 2030.
Investing in technology
Al-Sager emphasized that NBK continues to prioritize investment in technology and digital transformation as a key pillar of its strategy. He noted that the banking sector is undergoing rapid change, driven by digital innovation and evolving customer expectations. In this environment, NBK has remained at the forefront by investing in digital infrastructure, enhancing its platforms, and delivering seamless and secure banking experiences to its customers.
He added that these efforts have already begun to yield tangible benefits, including improved operational efficiency, broader access to financial services, and a strengthened competitive position for NBK. Al-Sager further noted: "Of course, none of these achievements would have been possible without the dedication and professionalism of our employees. Our people remain the driving force behind our success. We take pride in continuing to invest in talent development while maintaining one of the highest national workforce ratios in the private sector."
On the Bank's outlook, Al-Sager said: "Despite the continued uncertainty in the global economy, we remain optimistic about the opportunities ahead. The outlook for the Kuwaiti economy continues to improve, supported by ongoing reforms, investments in infrastructure, and initiatives aimed at economic diversification."
A pivotal role
Al-Sager noted that NBK is strongly positioned to play a central role in driving the next phase of growth, adding: "With our solid financial position, disciplined strategy, and deep market expertise, we are confident in our ability to continue creating long-term value for all our stakeholders."
Al-Sager also expressed his sincere appreciation to the Board of Directors for their guidance and strategic vision, to the regulatory authorities for their continued support, and to the Bank's shareholders for their enduring trust in NBK.
He concluded his remarks by addressing the Bank's shareholders: "Your trust inspires us to continue building on the Bank's distinguished legacy, which spans more than seven decades of leadership, innovation, and contribution to Kuwait's economic progress. Together, we will continue strengthening NBK's position as a leading financial institution in the region and a trusted partner for generations to come."
Strong performance
In the meantime, Shaikha Al-Bahar, Deputy Group Chief Executive Officer of National Bank of Kuwait, said: "2025 marked another year of strong performance and strategic progress for the Bank, as it continued to reinforce its leadership position in Kuwait, across the region, and throughout its international network."
She added that the global environment, marked by economic uncertainty, geopolitical tensions, and rapidly evolving financial market dynamics, did not prevent the Bank from demonstrating the resilience of its diversified business model and the strength of its long-term strategy.
Al-Bahar noted that the Bank's financial performance in 2025 reflects this resilience and disciplined execution, as the Group recorded profit before tax of KWD 734.6 million, representing a 5.4 percent year-on-year increase, driven by strong momentum across the Bank's key business segments.
She explained that these results underscore the effectiveness of NBK's diversified operating model and its disciplined risk management framework, in addition to the continued confidence placed in the Bank by its customers and investors.
Transformational shift
Al-Bahar said: "One of the key pillars of our progress in 2025 was the continued advancement of the Bank's digital transformation strategy. The banking sector is undergoing a profound transformation toward AI-driven platforms, integrated digital ecosystems, and more personalized financial experiences for customers. At NBK, we do not merely adapt to these changes; we actively work to shape the future of banking in the region."
She emphasized that the Bank accelerated its investments in advanced technologies, data analytics, AI, and automation to enhance efficiency, improve decision-making, and deliver superior banking experiences for its customers.
"Our digital strategy is built on a dual-track approach, modernizing our core banking infrastructure on the one hand, while developing new digital platforms anchored in a 'digital-first' philosophy that moves beyond traditional banking models on the other," Al-Bahar added.
Al-Bahar further emphasized: "At the Group level, we have expanded our digital onboarding capabilities, enhanced mobile banking functionalities, and launched new digital solutions aimed at simplifying the customer journey and improving access to financial services." She noted that these initiatives not only strengthen customer engagement but also position NBK at the forefront as a technology-driven financial institution in the region.
International operations
"At the same time, our international banking operations continued to play an increasingly important role in supporting revenue diversification and strengthening cross-border connectivity, with their contribution to Group profits rising to 27 percent. NBK's global network spans four continents and 13 countries, providing clients with access to international markets, trade finance services, and global wealth management solutions," Al-Bahar said.
She added that during 2025, the Bank further strengthened collaboration across its international network, expanded cross-selling opportunities across different business lines, and exported its digital capabilities to several markets. Additionally, she noted that this approach enables the Bank to replicate scalable service models internationally, enhance operational efficiency, and deliver a consistent, high-quality customer experience across markets.
Al-Bahar also pointed out that NBK's international presence enables it to serve as a bridge between regional capital and global markets, supporting trade flows, investment opportunities, and wealth management solutions for NBK clients around the world.
Core business segments
"In addition to digital transformation and international expansion, we continue to strengthen our core business segments, including Corporate Banking, Consumer Banking, Wealth Management, and Islamic Banking. NBK Wealth, in particular, continues to grow as a strategic platform offering sophisticated investment solutions and advisory services to high-net-worth and institutional clients across key regional and international markets," Al-Bahar noted.
Furthermore, she pointed out that, looking ahead, NBK's strategy remains firmly anchored in sustainable growth, innovation, and long-term value creation.
"We will continue investing in technology, digital platforms, and advanced data analytics to enhance our operational resilience and deliver more personalized financial solutions to our clients. At the same time, we remain committed to expanding our regional and international presence in markets aligned with our competitive strengths. With our clear strategic vision, strong balance sheet, and exceptional talent, we are confident in our ability to seize new opportunities, navigate future challenges, and continue setting new benchmarks for banking excellence in Kuwait and across the region," Al-Bahar concluded.
A major leap forward
Salah Al-Fulaij, Chief Executive Office, NBK- Kuwait noted that the Bank continued in 2025 to strengthen its leadership in the domestic market and deepen its relationships with customers by further developing its banking products and services, with a strong focus on enhancing quality and innovation in line with the rapidly evolving banking landscape.
"2025 marked a significant leap in the development of our digital services, with NBK launching more than 100 new features across its digital channels, making them easily and efficiently accessible to our customers. We also migrated from the traditional AIX WebSphere infrastructure to the Spring Boot 3.0 platform powered by the latest Intel processors. This important technological transformation has improved performance and scalability, accelerated release and deployment cycles, enhanced cost management efficiency, and ensured compatibility with container-based technology environments, thereby supporting greater operational flexibility," Al-Fulaij said.
He explained that the Bank's intensive investment in the NBK Mobile Banking App has had a direct impact on customer experience, with mobile transactions increasing fourteen-fold, the number of users growing by 300 percent, customer satisfaction reaching 93 percent, and the app rating rising to 4.7.
"During 2025, the Bank also expanded its product ecosystem and strategic partnerships, while strengthening its global collaboration in the cards business with leading brands such as Avios, Harrods, and Aura. At the same time, we further developed our fintech services and modernized branch formats to support financial inclusion and contribute to the growth of the digital economy," Al-Fulaij added.
Prestigious awards
Al-Fulaij noted that NBK received numerous prestigious international awards in 2025 in recognition of its achievements in innovation, digital transformation, and the quality of its banking services. These included Best Bank in Kuwait from Global Finance and MEED, Best Bank for Diversity and Inclusion and Best Bank for Large Corporates from Euromoney, as well as Best Retail Bank and Best Contactless Payment Experience from MEED.
The Bank also received Best Digital Payment Solutions and Best Trade Finance Provider in Kuwait, in addition to being named Safest Bank in Kuwait by Global Finance. Furthermore, NBK was awarded Best Bank for ESG in Kuwait by Euromoney.
Weyay Bank
Al-Fulaij noted that while NBK continues to deliver innovative and comprehensive financial solutions to its customers, it also places special emphasis on investing in the next generation of clients, particularly the youth segment. He highlighted that Weyay Bank, as the first and only bank in Kuwait to offer fully digital personal loans through an end-to-end digital journey, from application to completion, launched in 2025 a fully integrated digital loan journey that meets international standards and is tailored for its customers without requiring salary transfer. This provides a fast and flexible financing experience, enabling customers to access financing services anytime and from anywhere, surpassing the traditional constraints associated with such transactions.
Al-Fulaij added that Weyay Bank's achievements in 2025 were further recognized through several prestigious awards, including being named Best Digital Bank in Kuwait by Global Finance and Euromoney.
Consumer banking services
Al-Fulaij noted that in 2025, the Consumer Banking Group launched its new vision and strategy for the period through 2030, centered on customer needs and aimed at delivering a more seamless and innovative banking experience across all channels. He explained that the strategy is built on four key pillars: developing and empowering talent to deliver advanced banking services; modernizing digital infrastructure to support the next generation of banking solutions; enhancing payment systems in line with international standards; and strengthening the role of the Consumer Banking Group in the payments sector while accelerating digital growth.
Corporate banking
With regard to Corporate Banking, Al-Fulaij said: "We continued to strengthen our leadership position by advancing our structured financing capabilities and reinforcing our standing in transaction banking and trade finance services. At the same time, we maintained our strong presence as the key banking partner for leading local corporates, serving no less than 75 percent of foreign companies operating in Kuwait, while sustaining a market share exceeding 30 percent in trade finance activities."
Moreover, Al-Fulaij affirmed that NBK is placing increasing emphasis on the small and medium-sized enterprise (SME) sector, noting the launch of Kuwait's first point-of-sale financing solution designed to meet the needs of this vital segment. He added that the Bank's leadership in serving this sector was recognized through two prestigious awards, Best Bank for SMEs in Kuwait and Best Payment Solutions for SMEs in the Middle East and North Africa, by MEED as part of its Excellence Awards 2025.
Risk management
On the risk management front, the Bank continued to strengthen its governance framework and institutional discipline by automating processes, implementing comprehensive stress testing supported by scenario analysis, and integrating ESG factors into its risk assessment processes. In addition, the Bank reinforced its fraud prevention controls and adopted a comprehensive IT risk management framework aligned with global best practices.
Training and Kuwaitization
Al-Fulaij emphasized that NBK's achievements would not be possible without the dedication and strength of its human capital, which represents the cornerstone of all its accomplishments. He noted that during 2025, the Bank continued investing in the development of its employees' capabilities while fostering a culture of innovation and continuous learning. Over 147,000 training hours were delivered during the year, with more than 5,320 participations in training and development programs, while satisfaction levels for these programs reached 91 percent.
He added that national workforce representation reached 77.4 percent of the Bank's total employees by the end of 2025. The Bank received more than 8,000 CVs during the year, resulting in the recruitment of 249 new employees, 90 percent of whom were Kuwaiti nationals, in addition to hiring 68 employees in science, technology, engineering, and mathematics (STEM) fields.
He also noted that as part of efforts to promote diversity and inclusion, women accounted for 42.5 percent of NBK's total workforce, while female representation in managerial positions reached 27.4 percent.
Additionally, Al-Fulaij affirmed that NBK's achievements in 2025 reflect the strength of its business model, the resilience of its strategy, and its ability to adapt to the rapidly evolving dynamics of the banking sector.
Landmark financing transactions
On the front of landmark transactions supporting Kuwait's economy, NBK led in 2025 a KWD 1.5 billion syndicated term financing facility for Kuwait Petroleum Corporation (KPC), the largest financing transaction ever denominated in Kuwaiti Dinars. NBK's participation amounted to KWD 495 million, making the Bank the largest lender within the conventional tranche of the facility.
A leader in corporate social responsibility
2025 marked another year of notable achievements for NBK in the field of corporate social responsibility, as the Bank launched a wide range of initiatives and projects spanning health, education, environmental, and sports sectors. Among the key initiatives and projects launched and implemented by NBK in 2025 were the inauguration of the Shuwaikh Beach Development and Beautification Project funded by the Bank with a total value of KD 3 million; the laying of the foundation stone for the expansion of the NBK Children's Hospital for pediatric haematology, oncology , and stem cell transplant, with an estimated cost of around KD 19 million; as well as contributing to the development of Sharq district through the construction of a multi-storey parking facility and a public park, at a cost of nearly KD 7 million.
In recognition of its outstanding efforts that have reinforced its position as the largest contributor to corporate social responsibility in Kuwait, NBK was awarded the Gold Medal in the Corporate Social Responsibility category at the Brandon Hall Group Excellence Awards 2025.
EGM to be held on March 28
The National Bank of Kuwait (NBK) announced that its Extraordinary General Meeting (EGM) has been postponed and rescheduled to take place on March 28.
Kuwait Times
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