The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2020 Euromoney is part of the Euromoney Institutional Investor PLC
Middle East's Best Bank Awards

Kuwait: Best Domestic Bank 2021

Kuwait Finance House

Abdulwahab Al-Rushood, Kuwait Finance House.jpg
Abdulwahab Al-Rushood, Kuwait Finance House

Kuwait Finance House helped start quite a trend when it opened its doors in 1977 as only the second Islamic bank in the world. There has been no looking back since for the Kuwaiti firm.

Nowhere has KFH been more aggressive than expanding its business at home. Outside Islamic banking, it has become one of the biggest financiers in both the local and regional markets. Today, it boasts a network of 522 branches and 1,535 ATMs spanning the Gulf Cooperation Council, Turkey, Asia and Europe.

KFH wins our award for best domestic bank in Kuwait for the way it navigated the global chaos of 2020. Net profit for shareholders, for example, rose 12.9%, year on year, while earnings per share increased 12.6%. What really impresses, though, is the bank’s ambition to spread its wings.

KFH has a formal presence in Bahrain, Saudi Arabia, Turkey, Malaysia and Germany. As Covid-19 travel bans ease, KFH – which is currently led by acting group CEO Abdulwahab Al-Rushood – plans to expand its global presence to diversify investment opportunities and find new growth strategies.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree