KIB signs cooperation agreement with Lothan Hospital to offer 0% medical financing

Kuwait International Bank (KIB) announced the signing of a cooperation agreement with Lothan Hospital, one of Kuwait’s leading specialized medical institutions. The agreement reflects the Bank’s commitment to providing integrated solutions and value-added benefits that facilitate customers’ access to healthcare services and contribute to enhancing their quality of life.

The agreement was signed on behalf of KIB by Othman Tawfeqe, General Manager of Retail Banking, while Lothan Hospital was represented by the CEO and Board Member, Abdullah Ahmed Alsebeih. The partnership aims to offer a range of financial and medical solutions that provide customers of both parties with a more flexible and seamless experience when accessing healthcare services.

The agreement includes offering financing at a 0% profit rate with no salary transfer requirement, along with flexible repayment plans and relaxed credit policies tailored to the needs of various segments, including Kuwaiti nationals, GCC nationals, and residents, allowing a wider customer base to benefit from the medical services provided by Lothan Hospital.

Commenting on the occasion, Abdulrahman Al Bahar, Head of Musawama Unit at KIB, said that the agreement forms part of KIB’s strategy to build strategic partnerships with leading institutions across various sectors, creating genuine added value for customers through flexible financial solutions that align with their lifestyles, particularly in the healthcare sector, which remains a key priority. He added that the Bank continues to expand its partnerships with hospitals and clinics across the healthcare sector to offer accessible financing solutions covering a wide range of medical fields and specialties, in line with its main slogan, “Bank for Life.”

He highlighted: “At KIB, we believe our customers’ health is a top priority. The Bank has established strategic partnerships with leading hospitals, clinics, and medical centers across Kuwait, contributing to an enhanced quality of life. We also offer flexible financing solutions to cover treatment costs, ensuring customers can access the healthcare they need without financial pressure and focus fully on their health and comfort.”

The new KIB PostPay digital financing platform offers a comprehensive range of options designed to meet diverse financing needs and is easily accessible to users. The platform features a complete list of the Bank’s partners, including leading service providers and consumer goods suppliers across various sectors in Kuwait. Through simple and fast steps, customers can submit financing applications to purchase their desired products or services, with the option to obtain preliminary approval.

It is worth noting that financing amounts range from a minimum of KD 300 to a maximum of KD 25,000. The service is available to all customers, including Kuwaiti nationals and residents, and does not require salary transfer. Installment tenors range from a minimum of three months to a maximum of 60 months (five years).

From his side, Abdullah Ahmed Alsebeih CEO and Board Member at Lothan Hospital said: “We are pleased with this collaboration, which reflects Lothan Hospital’s commitment to delivering an advanced and comfortable healthcare experience through high-quality services carefully designed to meet patients’ needs and enhance their treatment journey.” He added that the partnership offers special benefits for KIB customers, including fast-track services at reception, exclusive discounts on selected medical services, special offers on comprehensive health check-ups, and access to tailored healthcare packages for families, children, and women.

This partnership represents a pioneering step by KIB in strengthening collaboration between the banking and healthcare sectors, contributing to the delivery of innovative solutions that enhance the customer experience and reinforce the Bank’s role in supporting quality of life in Kuwaiti society.