National Bank of Kuwait (NBK) reported a net profit of KD 467.4 million (USD 1.53 billion) for the first nine months of 2025, reflecting a 2.3% increase from KD 457.0 million (USD 1.50 billion) in the same period last year. Profit before tax reached KD 592.5 million (USD 1.9 billion), up by 11.3% compared to KD 532.2 million (USD 1.7 billion) in the corresponding period of 2024.
As of September 30, total assets grew by 14.7% year-on-year to KD 44.9 billion (USD 147.2 billion). Customer loans and advances increased by 12.5%, reaching KD 26.1 billion (USD 85.4 billion), while customer deposits rose by 9.7% to KD 24.6 billion (USD 80.6 billion). Shareholders’ equity also showed an annual growth of 11%, amounting to KD 4.4 billion (USD 14.5 billion).
Commenting on the results, Hamad Al-Bahar, NBK Group Chairman, said: “Amid a challenging global economic environment, NBK continues to strengthen its position as a leading financial institution, delivering solid performance, driven by balanced growth across its key business segments and supported by a resilient operating strategy.” He noted that the bank’s financial indicators reflect robust health due to a strong balance sheet, solid capitalization, ample liquidity, and high asset quality.
Al-Bahar also pointed out NBK’s role in funding local development projects such as the Shuwaikh Beach Development and Beautification Project and highlighted new sustainability initiatives introduced in line with ESG standards during the year.
Isam J. Al-Sager, Vice Chairman and Group CEO of NBK, stated: “NBK’s financial results for the first nine-months of 2025 underscore its strong resilience and ability to navigate shifting economic cycles amid global volatility, trade tensions, escalating tariffs, and a downward trend in interest rates. The Bank has maintained its solid growth momentum, supported by a resilient business model, a well-diversified portfolio, strategic investments, and prudent risk management practices.”
He added that net operating income rose by 4.1% year-on-year to KWD 969 million (USD 3.2 billion). The International Banking Group remains central to operations with performance across regional and international markets aided by an integrated network.
Al-Sager emphasized Boubyan Bank’s continued contribution as NBK Group’s Islamic arm and noted NBK Wealth’s position as a top wealth management firm in Kuwait and an important player regionally.
Investment in technology was highlighted as part of future strategy: “The Bank recently launched a suite of carefully designed digital products and services,” Al-Sager said.
Regarding Kuwait’s economic landscape, Al-Sager remarked: “The economic landscape domestically witnessed remarkable developments in recent months… Capital spending on development projects tripled in the first half of fiscal year 2025–2026 compared to the same period last year.” He pointed out improved credit growth at an annual rate of about 7.7% over eight months and cited new legislation supporting economic activity.
NBK received several awards during Q3-2025 for digital innovation and corporate excellence from organizations including Global Finance and Euromoney; Weyay Bank was named Best Digital-Only Bank in Kuwait by Global Finance.
The bank was also recognized for social responsibility efforts through its “Bankee: Financial Literacy Program” awarded Best Private Sector Project across GCC countries; diversity initiatives such as “NBK RISE” earned it honors from SHRM MENA STAR Awards; Sustainalytics revised NBK’s ESG rating from “medium” to “low” risk while MSCI upgraded it to “A”.
Other key metrics included strong asset quality with an NPL/gross loans ratio at just over one percent and robust capital adequacy at more than sixteen percent.
