Commercial Bank of Kuwait SAK - Company Profile
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Commercial Bank of Kuwait SAK (CBK) provides a range of corporate and retail banking, investment banking, and other financial solutions to both individuals and corporate customers. CBK offers deposit services such as demand accounts, term deposits, checking accounts, saving accounts; gift, debit, pre-paid, and credit cards; Islamic funds; loans for personal needs, expatriate, auto, health, short term, and long term purposes; remittances; corporate credit; treasury services; online banking; trade finance; international credit; and premier banking services. the bank also provides financing for construction, power, and infrastructure projects in Kuwait. CBK is headquartered in Safat, Kuwait.
Headquarters
Kuwait
Address
Mubarak Al-Kabir Street, P.O. Box 2861, Safat, Al Asimah, 13029
Website
www.cbk.com
Telephone
965 2 2411001
No of Employees
765
Industry
Financial Services
Ticker Symbol & Exchange
CBK (KUW)
Revenue (2022)
$895.4M
48.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
51%
(2022 vs 2021)
Market Cap*
$3.3B
Net Profit Margin (2022)
XYZ
1.9%
(2022 vs 2021)
* As of and is in US$
Commercial Bank of Kuwait SAK premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accounts: | Online Banking |
| Checking | Telephone |
| Demand | Remittances |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In April, the bank selected Bloomberg’s B-PIPE to access high-quality market data to manage front, middle, and back-office activities. |
| 2020 | New Products/Services | In September, the bank introduced Fitbit Pay to its debit and prepaid card and credit cards customers. |
| 2018 | New Products/Services | The bank introduced Al Najma Account opening service through the e-channels for the customers, who maintain accounts in the Bank. |
Competitor Comparison
| Key Parameters | Commercial Bank of Kuwait SAK | National Bank of Kuwait | Burgan Bank SAK | Al Ahli Bank of Kuwait | Boubyan Bank KSCP |
|---|---|---|---|---|---|
| Headquarters | Kuwait | Kuwait | Kuwait | Kuwait | Kuwait |
| City | Safat | Safaat | Kuwait City | Safat | Safat |
| State/Province | Al Asimah | Al Asimah | - | - | - |
| No. of Employees | 765 | 7,511 | 3,700 | 2,374 | 2,333 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ahmad Duaij Jaber Al-Sabah | Chairman | Executive Board | 2018 | - |
| Abdulrahman Abdullah Al Ali | Vice Chairman | Executive Board | 2020 | - |
| Elham Yousry Mahfouz | Chief Executive Officer | Senior Management | 2014 | - |
| Amr Mohamed El Kasaby | Chief Internal Auditor - Internal Audit Division | Senior Management | 2021 | - |
| Tan Tat Thong | Chief Risk Officer - Risk Management Division | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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