Boubyan Bank

Boubyan Bank recently said it recorded net profit growth of 17 percent for the first quarter of 2017, with $35.1 million in net profits. Bank Vice Chairman and CEO Adel Wahab Al-Majed said that the profit increase shows a good start to a year that is expected to be highly challenging Read More »

Kuwait's Boubyan Bank recently reported a net profit of $62.7 million with a growth rate of 18 percent during the first half of 2016 compared to a net profit of $53 million in the first half of 2015. Boubyan Bank Vice Chairman and CEO Adel Abdul Wahab Al-Majed noted that the growth in revenue was earned in the face of a very difficult operational environment.   Read More »

Kuwait's Boubyan Bank issued $250 million Perpetual Tier 1 Capital Certificates completed May 16, the first public sukuk from a Kuwaiti bank, the first public sukuk out of Kuwait since 2007 and the world’s first public fully Basel III-compliant Tier 1 sukuk. “We are delighted to have been part of this truly remarkable transaction,” Alex Roussos, Dentons capital markets partner, said. Read More »

Oberthur Technologies (OT), a leading French digital security company, recently was selected by Kuwait’s Boubyan Bank to offer its first contactless payment cards. OT’s contactless payment system is a non-cash payment transaction that does not require a physical connection between the consumer payment device and the physical point-of-sale (POS) terminal.. Read More »

Kuwait-based Boubyan Bank said it will soon provide contactless payment cards to its customers through a deal with Oberthur Technologies, a provider of embedded security software products, services and solutions for connection, authentication and payment purposes. The contactless payment cards will give bank customers a secure, quicker and more convenient shopping experience. Read More »