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Total assets increased by 23% to reach KD 5.9 billion
Kuwait, July 31, 2022: Al Ahli Bank of Kuwait announced a net profit of 18.4 million Kuwaiti dinars
half in 2022 compared to KD 15.1 million in the same period in 2021. Operating profit increased by 13.
The ratio and revenues from 40.3 million Kuwaiti dinars to 45.3 million Kuwaiti dinars compared to the same period last year
The stock (EPS) rose 29% to $9 billion in the same period. These results reflect its success
The Bank’s long-term strategy is to increase its revenues through continuous improvement of its products and services
to customers.
Total assets increased by 23 percent to reach KD 5.9 billion compared to the same period last year.
Loans and advances increased by 17 percent to reach 3.6 billion dinars, and customer deposits increased by 26.
A percentage of up to 4.1 billion Kuwaiti dinars. The bank’s balance sheet is healthy with strong capital and liquidity
Poor debt coverage ratios. Non-performing loans are 1.5% plus non-performing loans
Coverage is 364%. The capital adequacy ratio reached 16.6%, shareholders’ equity
507 million Kuwaiti dinars.
Commenting on the results, A. Talal Behbehani – Chairman of the Board of Directors of Al Ahli Bank of Kuwait.
The strategy applied in Al Ahli Bank of Kuwait has led to continuous improvement in the growth of the balance sheet,
Accelerating digitization, strong asset quality trends, and enhanced capital positioning.
Looking at the bigger picture, the bank continues to invest heavily in its offerings and people’s commitment
sustainable and profitable growth. Focuses on customer-centric products and strategic partnerships
And talent, we strengthen our core, making sure we are in a strong position to strengthen and grow.
Opportunities are on the horizon.”
Al Ahli Bank of Kuwait has been rated A2 (fixed) by Moody’s and A (fixed) by Fitch. Reviews guide
The strength and depth of the bank’s management team and its strategic initiatives to transform and modernize it
Bank digitally.
the master. George Richani, Group CEO of Al Ahli Bank of Kuwait said: “During the first half of the year, Al Ahli Bank of Kuwait
It has taken various initiatives to simplify and improve its services and enhance customer satisfaction
positions. The bank introduced the “Smart Fund Transfer Model”, which is local and easy to use
International transfers. With a focus on smooth navigation and an immersive user experience, ABK
It also enhanced the Interactive Voice Response (IVR) service by introducing automatic speech recognition
(ASR), enables customers to continuously interact with the system in both English and Arabic.
Corporate citizenship is deeply rooted in the business ethos of Al Ahli Bank of Kuwait. The bank cooperates with the initiative
To create positive impact across nonprofits, government organizations, and community groups
All markets it operates in. The bank has sponsored many sporting and luxury events including
The Emir of Kuwait’s Ground Cup, the Amiri Cup, and the Amiri Health Awareness Hospital
Its position as a responsible corporate citizen.
Al Ahli Bank of Kuwait continues to support the partnership between the Central Bank of Kuwait and the Kuwait Banking Association
Awareness campaign – for the second year in a row, “Thuraya” and the use of all its channels to promote
Financial literacy and ways in which customers can protect themselves.
Al Ahli Bank of Kuwait has launched a package to enhance its position as the “employer of choice” for Kuwaitis.
Training programs that develop a digital perspective on the future and promote the simple concept
Banking services. The Bank recently graduated the 34th batch of trainees from the Retail Banking Department Academy.
Focus on on-the-job training, classroom facilitation, and development of the national workforce
guidance.
“Beer lovers. Music world. Internet fanatic. continuous. player. Typical food expert. coffee expert.”
