Kuwait Prime Competitors

In 2007, National Bank of Kuwait (NBK) - the best bank in the Middle East and highest rated by international rating agencies - acquired AWB to start operations in Egypt for the first time, which marks a new milestone in the regional expansion of NBK. After the acquisition in 2007 NBK kept the bank’s name as AWB, only adding “A Subsidiary of NBK Group” to the logo, until mid-2014 when the bank name and logo changed to NBK. When the bank was acquired by NBK its number of branches was 24, soon after the acquisition NBK adopted a strategic expansion plan which increased the number of branches to reach 52 branches and a total number of 150 ATMs in 2020, which are all strategically located in the most vibrant spots across the country, from Cairo and Alexandria, to Giza, Mansoura and Sohag. Since the acquisition, the bank managed to secure loans for thousands of big and small investors and institutional clients, a fact reflected in its increasing performing loan portfolio. Based in Egypt, with a large branch network across the country, we understand entirely the challenging needs of individuals and aspiring businesses, and the change involved to remain one step ahead in today’s rapidly evolving markets

We’re proud to be pioneers in our sector. Founded in 1977 in the State of Kuwait, we were the country’s first Islamic bank, and today we continue to lead the way in Islamic finance. Islamic banking is compliant with Shari’a religious law and guided by the Islamic principles of an integral and just society. Transparency and honesty sit at the heart of this approach, which aims to benefit both the bank and its customers. Committed to evolving to meet the changing needs of our global customers, we offer a broad range of Islamic financial services and products, including real estate, trade finance, investment portfolios, and commercial, retail, and corporate banking. Our growing network spans seven regions with 640 branches, around 800 ATMs, and 8,600 team members worldwide. Our ambitions have always extended beyond our home country. Over the past nearly 50 years, we have grown steadily, becoming one of the biggest lenders in local and regional markets and a major player within the wider banking industry. KFH (KSE: KFIN) is a publicly listed company on the Kuwait Stock Exchange (KSE). As of 31 December 2013, our largest shareholders included the Kuwait Investment Authority (Direct), Kuwait Awqaf Public Foundation (Direct), Public Authority for Minors’ Affairs (Direct), and The Public Institution for Social Security (Indirect).

Established in 1977, Burgan Bank is the youngest commercial Bank and second largest by assets in Kuwait, with a significant focus on the corporate and financial institutions sectors, as well as having a growing retail, and private bank customer base. Burgan Bank has majority owned subsidiaries in the MENAT region supported by one of the largest regional branch networks which include Gulf Bank Algeria - AGB (Algeria), Bank of Baghdad - BOB (Iraq & Lebanon),Tunis International Bank – TIB (Tunisia), and fully owned Burgan Bank – Turkey, (collectively known as the “Burgan Bank Group”). Furthermore, Burgan Bank has a present in the UAE through its corporate office (“Burgan Financial Services Limited) which had helped the bank to participate in multiple financing opportunities in the UAE. The Bank has continuously improved its performance over the years through an expanded revenue structure, diversified funding sources, and a strong capital base. The adoption of state-of-the-art services and technology has positioned it as a trendsetter in the domestic market and within the MENA region. Burgan Bank’s brand has been created on a foundation of real values – of trust, commitment, excellence and progression, to remind us of the high standards to which we aspire. ‘People come first’ is the foundation on which its products and services are developed. The bank was re-certified with the prestigious ISO 9001:2015, making it the one of the few banks in the GCC and Kuwait to receive such certification for the Fifth consecutive time. The Bank also has to its credit the distinction of being the only Bank in Kuwait to have won the JP Morgan Chase Quality Recognition Award for twelve consecutive years. Burgan Bank, a subsidiary of KIPCO (Kuwait Projects Company), is a strongly positioned regional Bank in the MENA region.