Kuwait

Kuwait's banking system comprises ten Kuwaiti banks (five conventional, four Islamic and the specialised Industrial Bank of Kuwait) and 11 branches of foreign banks registered with the Central Bank of Kuwait (CBK). Local banks' domestic balance sheet stood at KD104.3bn in July 2026, while the largest groups also have sizeable overseas operations. Concentration is high: National Bank of Kuwait (NBK), which consolidates its majority-owned Islamic subsidiary Boubyan Bank, and Kuwait Finance House (KFH) reported consolidated assets of KD45.6bn and KD42.8bn at end-2025, against KD9.1bn for the next-largest group, Burgan Bank.