WarbaBank

An exceptional milestone reinforcing the Bank’s position as a leading Islamic financial institution in Kuwait and the region

Warba Bank, a leading Islamic bank in Kuwait, announced its financial results for the first nine months (9M) of 2025, continuing the exceptional growth trajectory the Bank has maintained since the beginning of the year. The results reflect the success of the Bank’s integrated strategy, which combines studied expansion, investment in technology and a renewed commitment to its social role in line with the Bank’s vision to build a brighter future and its commitment to its brand promise, “Let’s Own Tomorrow.”

The Bank achieved a growth of 159% in its net profit for 9M 2025, recording a net profit of KD 38.5 million, equivalent to 10.16 fils per share, and compared to a net profit of KD 14.9 million for the same period in 2024, equivalent to 5.48 fils per share.

The earnings reaffirm Warba’s position and ability to continue growing sustainably with its balanced strategy focused on diversifying income sources and enhancing operational efficiency while maintaining the highest standards of governance and risk management.

Profit was driven by an increase in net investment income, which grew by 500.9% to KD 25.4 million as of 30 September 2025, compared to KD 4.2 million in the same period of 2024. Net fees and commissions also increased by 106.6% to KD 10.6 million, compared to KD 5.2 million in 9M 2024. Net financing income grew by 8.2% to KD 43.5 million as of 30 September 2025, compared to KD 40.2 million in the same period of 2024.

As for key financial indicators, Warba recorded a remarkable growth in total assets by 22.9% to reach KD 6.07 billion as of 30 September 2025. Customer deposits reached KD 3.4 billion, representing an increase of 14.7%. Total shareholders’ equity rose to KD 819 million as of 30 September 2025, compared to KD 335 million as of 30 September 2024. The balance of financing receivables increased to KD 4 billion, up by KD 402 million, representing a growth of 11.2% compared to 30 September 2024.

Accelerated Growth and Strong Operational Performance

Chairman of Warba Bank, Mr. Hamad Musaed Al-Sayer, said: “We are proud of Warba’s strong results for 9M 2025, which reflect the success of our expansion strategy and the resilience of our operating model. We have continued to achieve sustainable growth across all our main financial indicators, supported by the confidence of our shareholders and customers, and benefiting from the strong capital base provided by the historic capital increase completed in the first half of the year.”

Al-Sayer added: “We continued to efficiently execute our strategy in Q3 2025. We strengthened our presence in the local market by expanding our network of branches and further developing our digital banking ecosystem. We also continued to enhance our investment portfolio and diversify our income sources, while maintaining the quality of our assets and our strict adherence to Islamic Sharia principles and the highest standards of governance and risk management.”

He continued: “We are optimistic about the future of Warba Bank and look forward to the promising opportunities ahead to build a leading Islamic banking institution that enhances the competitiveness of the Kuwaiti banking sector and contributes to realizing Kuwait’s national vision. Our balanced strategy, which combines sustainable growth, continuous innovation and a firm commitment to social responsibility, is what distinguishes us and places us in a leading position within the Islamic banking sector.”

Digital Transformation and Innovation: Continued Leadership in Banking Services

In Q3 2025, Warba Bank strengthened its digital presence and expanded its portfolio of innovative banking services, maintaining its leadership in digital innovation within the Kuwaiti and regional banking sectors. The Bank launched a series of new digital initiatives aimed at improving customer experience and meeting their evolving needs in a rapidly changing world.

Among these initiatives was the launch of the youth account “Wave Banking” which offers an integrated package of digital banking services tailored to the modern lifestyle of young customers and their diverse needs. The Bank also rolled out new digital services and promotional offers that enhance the speed and efficiency of financial transactions, providing a seamless banking experience for all customers.

As part of its strategic expansion, Warba Bank reaffirmed its local position by focusing on delivering an integrated banking experience that combines traditional and digital services. The Bank has signed partnerships with regional and international financial and technology institutions, with the aim of expanding the scope of its services and enhancing its competitive capabilities.

Investment Achievements and Global Recognition

In investments, Warba Bank saw significant milestones in Q3 2025 as it continued to diversify its investment portfolio to provide new opportunities for its customers. Among these was the structuring and management of several major financing deals for leading regional institutions initiated earlier in the year, reinforcing its position as a key partner in the Islamic finance market. These deals received wide acclaim from global financial institutions, further enhancing the Bank’s reputation and standing on the international stage.

Sustainability and Social Responsibility: A Commitment to Serving the Community

In its commitment to sustainability and social responsibility, Warba Bank launched initiatives In Q3 2025 aimed at supporting the community and protecting the environment. The Rowad program returned in its sixth edition and evolved into a comprehensive innovation platform attracting top Kuwaiti students studying abroad.

Supporting local talent and empower Kuwaiti youth across various fields and career stages, Warba Bank launched the first edition of the “Intilaqa” internship program, designed to provide Kuwaiti students and graduates with a comprehensive practical experience within the Bank’s departments.

Environmentally, the Bank continued to reduce its carbon footprint resulting from its operations by increasingly relying on renewable energy sources in its offices and adopting environmentally friendly policies across all its activities.

A Confident Vision for the Future: Continuing the Path of Growth and Excellence

Commenting on the Bank’s financial results and operational achievements, Chief Executive Officer of Warba Bank, Mr. Shaheen Hamad Al-Ghanem, said: “We take great pride in the outstanding performance of Warba Bank in 9M 2025. This is a testament to the success of our strategy in achieving sustainable and inclusive growth built on a solid foundation of innovation, operational excellence and a commitment to sustainability.”

He concluded: “We are determined to continue our journey of success and excellence, consolidating Warba Bank’s position as a leading Islamic financial institution contributing to Kuwait’s national economy and future vision.”

Key Operational Indicators:

Net profit increased by 158.6% to KD 38.5 million.
Financing receivables rose by 11.2% to KD 4 billion.
Customer deposits grew by 14.7% to KD 3.4 billion.
Total assets increased by 22.9% to KD 6.07 billion.