KIB Group reports net profit of KD 20.4 million in the nine months of 2025

Sheikh Mohammed Jarrah Al-Sabah, Chairman of Kuwait International Bank (KIB), announced the Group’s financial results for the nine months of 2025. KIB Group achieved net profit attributable to shareholders amounting to KD 20.4 million, with earnings per share (EPS) of 10.48 fils, compared to KD 16.2 million and EPS of 8.21 fils during nine months of 2024, reflecting a growth of 26%. Total operating income was KD 71.7 million, registering a growth of 10% compared to the nine months of 2024.

Commenting on the latest financial results, Al-Jarrah said: “The financial results for the nine months of 2025 underscore the resilience of our business model and the effectiveness of our five-year strategy (2024–2028), which we began implementing early last year. We have successfully achieved sustainable growth in both revenues and profitability by focusing on strengthening our core business activities, expanding our share of customer deposits, and introducing innovative products and services. Our efforts to enhance operational efficiency and improve risk management have further reinforced a solid financial foundation, enabling the KIB Group to move forward with plans to double its assets and solidify its position among the most profitable banks in the Kuwaiti market.”

He added: “We are committed to further developing national talent, enhancing the customer experience across our diverse channels, and incorporating Environmental, Social, and Governance (ESG) principles throughout our operations. These efforts reflect the aspirations of both our shareholders and customers and bring us closer to achieving our vision of becoming the Islamic bank of choice in Kuwait.”

Regarding KIB Group financial statements for the nine months of 2025, Al-Jarrah stated that total assets grew by 22% to reach KD 4.37 billion, compared to KD 3.60 billion as of 30 September 2024. This growth was driven by an increase in the financing portfolio, which rose by 20% or KD 545 million as of 30 September 2025 to reach KD 3.21 billion, compared to KD 2.67 billion as of 30 September 2024. Meanwhile, its investment portfolio, which includes high quality Sukuk, grew by KD 61 million or 13%, reaching KD 521 million as of 30 September 2025, compared to KD 460 million as of 30 September 2024.

From his side, Raed Jawad Bukhamseen, Vice Chairman and CEO of KIB, expressed his pride in the KIB Group performance during the first nine months of 2025, emphasizing that the results were the outcome of a clear vision and the concerted efforts of all teams. He stated: “During the first nine months of 2025, we continued to implement our ambitious strategy with steady progress, achieving balanced growth across key performance indicators while safeguarding asset quality and maintaining the KIB Group solid financial position.”

Bukhamseen provided an overview of the key financial results for the nine months of 2025 compared to the same period of last year, where fees and commissions income reached KD 14.7 million compared to KD 12.8 million in the previous period, reflecting a growth rate of 15%. KIB Group also recorded an increase in investment income, reaching KD 4.3 million compared to KD 2.4 million in the previous period, reflecting a growth rate of 79%. This contributed to a rise in total operating income, which reached KD 71.7 million, marking a growth of 10%.

Regarding KIB Group financial position, Bukhamseen said that customers’ deposits grew by 35% to reach KD 3.03 billion as of 30 September 2025 compared to KD 2.24 billion as of 30 September 2024. In addition, the total shareholders’ equity grew 6% to reach KD 371 million as of 30 September 2025 compared to KD 351 million as of 30 September 2024. He noted that KIB Group continues to maintain high levels of total capital adequacy ratio, in accordance with Basel III instructions, of 22.03% at of 30 September 2025.

He also pointed out that KIB has successfully issued USD 300 million Tier 2 Sustainable Capital Sukuk in October 2025. The Sukuk was priced at an annual expected profit rate of 5.535%. KIB received high demand from investors, as evidenced by an oversubscribed order book that peaked at more than seven times, reaching USD 2.1 billion. The Sukuk were priced at 175 basis points above U.S. Treasury yields. 

Priced at a record spread – the tightest spread ever achieved on a Tier 2 Sukuk – this issuance marks a major milestone for KIB, reflecting solid investor confidence in the KIB Group performance and strategic direction, while further cementing its solid reputation and leading position in regional and global markets. The Tier 2 Sustainable Sukuk is rated BBB+ (long term) by Fitch Ratings and is listed on the London Stock Exchange.

Bukhamseen highlighted that KIB has earned multiple prestigious awards this year, including “Excellence in Innovative Corporate Banking Services – MENA 2025” from Capital Finance International (CFI.co), and “Excellence in Digital Leadership & Customer-Centric Banking in Kuwait for the year 2025” from the World Union of Arab Bankers (WUAB).

In their concluding remarks, Al-Jarrah and Bukhamseen expressed their appreciation to the Central Bank of Kuwait for its exceptional regulatory and supervisory roles, as well as its consistent support. They also expressed their gratitude to the Capital Markets Authority for its supportive role in fostering an attractive and competitive investment environment in Kuwait. In addition, they praised the tireless efforts of all KIB teams, highlighting their contributions to achieving these results. They also expressed their profound appreciation to the Board of Directors and Executive Management for their ongoing support and wise guidance, which have been crucial in enhancing KIB's financial standing and meeting all ESG requirements.