Burgan Bank Reports $155 Million Net Profit for 2025 Amidst Global Uncertainty
KUWAIT CITY – Burgan Bank, a leading Kuwaiti financial institution, announced Saturday a net profit of 47 million Kuwaiti dinars (approximately $155 million USD) for the 2025 fiscal year. The results demonstrate the bank’s resilience and sustained growth despite a complex global and regional economic landscape marked by ongoing volatility and geopolitical developments.
The bank’s total revenue increased to 268 million Kuwaiti dinars ($884 million USD), a 17% year-on-year growth driven by strong performance in both interest and non-interest income. Net interest income rose 13% to 178 million dinars ($587 million USD), fueled by continued loan portfolio expansion and stable net interest margins at 2.3%.
Non-interest income saw an even more significant jump, increasing 25% year-on-year to 90 million dinars ($297 million USD). This growth was attributed to higher fee income, gains from securities, and a successful contribution from Gulf United Bank, including its subsidiary, Kamco Invest.
“These results underscore Burgan Bank’s ability to navigate challenging conditions and deliver consistent value to our stakeholders,” said Sheikh Abdullah Nasser Al-Sabah, Chairman of Burgan Bank, in a statement. “Our commitment to sound governance, prudent risk management, and a clear strategic vision has enabled us to maintain financial stability and sustainable profitability.”
Operating profit increased by 6% year-on-year to 105 million dinars ($346.5 million USD), supported by revenue growth. Total assets reached 9.1 billion dinars ($30.3 billion USD) at the end of 2025, a 12% increase year-on-year. The loan portfolio grew 8% to 4.8 billion dinars ($15.8 billion USD), primarily driven by business within Kuwait and strong performance from subsidiaries.
Burgan Bank maintained strong asset quality, with a non-performing loan ratio remaining stable at 1.9%. Total customer deposits increased by 11% year-on-year to 5.5 billion dinars ($18 billion USD), reflecting growth across all group units.
The bank’s board of directors recommended a cash dividend distribution of 6 fils per share, along with a 5% stock dividend for the fiscal year ending December 31, 2025, subject to shareholder approval at the annual general assembly.
The Kuwaiti banking sector plays a crucial role in the nation’s economy, contributing significantly to its GDP and supporting diversification efforts outlined in the Kuwait Vision 2035. According to the Central Bank of Kuwait, the banking sector’s total assets reached approximately $160 billion in late 2023, demonstrating its substantial size and influence. https://www.cbk.gov.kw/
Burgan Bank’s performance reflects a broader trend of resilience within the Gulf Cooperation Council (GCC) banking sector, which has demonstrated an ability to adapt to fluctuating oil prices and geopolitical uncertainties. The IMF projects continued growth for the GCC economies in 2026, driven by non-oil sector expansion and fiscal reforms. https://www.imf.org/en/Regions/Middle-East-and-Central-Asia
Looking ahead, Burgan Bank emphasized its commitment to balancing core operations in Kuwait with strategic initiatives focused on digital and operational transformation, investment in human capital, and the integration of environmental, social, and governance (ESG) standards across all its activities. The bank aims to build a flexible and sustainable future while delivering long-term value to all stakeholders.
