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Warba Bank announced its financial results for the first quarter of 2026, reporting a 14% increase in net profit to KWD 6.3 million despite geopolitical challenges affecting the region during the quarter. The bank maintained operational stability through a solid financial foundation and advanced digital infrastructure, with earnings per share reaching 1.33 fils.
The performance was driven by a 25% growth in net investment income to KWD 5 million as of 31 March 2026 as compared to KWD 4 million in 31 March 2025, and a 31% increase in net fees and commission income to KWD 3.3 million as of 31 March 2026 as compared to KWD 2.5 million in 31 March 2025.
Total assets grew by 2% to KWD 6.1 billion as compared to the year ended 2025, while the financing portfolio reached KWD 4 billion and depositors' accounts reached KWD 3.4 billion as of March 31, 2026.
Hamad Mosaed Al-Sayer, Chairman of Warba Bank, stated: "During the first quarter of this year, Warba Bank demonstrated an exceptional ability to handle the geopolitical challenges that affected the local, regional, and global economic landscape. Our results reflect the robustness of our financial position and the success of our prudent risk management and mitigation strategy, which was proactively activated to ensure the protection of all stakeholders, including shareholders, customers, partners, employees, and the community at large."
Al-Sayer added: "Under these exceptional circumstances, we continued to fulfill our role as a responsible national Islamic banking institution. We ensured an active presence to support national efforts and activated an integrated social responsibility plan to assist state institutions and society. We will continue to work through a balanced approach aimed at ensuring sustainable growth and strict compliance with Sharia principles and the highest standards of governance."
Shaheen Hamad Al-Ghanem, Chief Executive Officer of Warba Bank, noted that strategic investments in digital transformation contributed significantly to the bank’s performance. "Our advanced digital infrastructure played a central role in our ability to continue serving our customers seamlessly and securely during the past weeks.
This digital readiness enabled us to ensure business continuity without interruption and meet customers’ banking needs seamlessly," Al-Ghanem said.
He emphasized: "Despite the challenges, we continued to implement our planned operational and community initiatives for the first quarter. We continued to provide innovative financial solutions and focus on enhancing customer experience while supporting the national economy.
Our slogan, 'Own the Future,' embodies our ongoing commitment to developing our technical capabilities and continuing our growth trajectory as a leading Islamic bank."
Amid regional challenges, the bank continued operating without interruption through its branches and digital platforms. These operations were supported by advanced cybersecurity measures to safeguard customer data and assets. The bank’s rapid response reaffirmed its role as a stable national institution supporting operational stability and customer confidence during this period.
Coinciding with its 15th anniversary, Warba Bank advanced its digital transformation by launching a redesigned website and an updated app interface featuring fully digital account opening. The bank also strengthened its product portfolio with the return of "Al Sunbula" account draws and introduced new digital features for its Gold Account.
In social responsibility, the bank sponsored several national and youth events, including the Shamia Carnival and the Kuwait University Cultural Festival. It also renewed its partnership with the National Academy of Sports Medicine (NASM) and continued its charitable initiatives during Ramadan, including the "Warba Quran Reciters" competition.
