• Kuwaiti banks reported a net profit surge of over 8%, reaching 1.66 billion dinars in 2024, marking a 125 million dinar increase from 2023. Kuwait Finance House (KFH) and National Bank of Kuwait (NBK) accounted for 73% of total sector profits. Other banks also posted strong results, benefiting from improved operating environments, higher interest rates, loan growth, and lower provisions. Boubyan Bank recorded its highest-ever profit at 97 million dinars, while Ahli Bank of Kuwait posted 52 million dinars in earnings.

• Exceptional one-time gains also boosted results. Commercial Bank of Kuwait ended its non-performing loan write-off policy and settled a long-standing dispute over its Boubyan Bank stake, pushing profits to a record 157 million dinars. While maintaining this growth poses a challenge for 2025, optimism remains high, with positive economic reforms and market conditions expected to drive further record-breaking profits.