“The Banker” magazine unveiled the 5 strongest Kuwaiti banks in terms of performance during 2020, as part of its annual classification of the performance levels of Arab banks, which have succeeded in achieving returns that exceeded 15 percent of the capital. This classification is based on monitoring and measuring the relative weight of eight performance determinants, which are: growth rate, profitability rate, operational efficiency, asset quality, return on risk, liquidity, sound financial position, and leverage rate.
According to "The Banker" classification, the Kuwaiti banks with the strongest domestic performance came according to the following order: National Bank of Kuwait ranked 1st, followed by Kuwait Finance House (KFH) in the 2nd place, Gulf Bank in the 3rd place, Burgan Bank 4th, then Al Ahli Bank of Kuwait in the 5th place.
The combined performance of Kuwaiti banks came in the fifth place in the Arab world, with a rate of 1.19 percent in terms of returns on assets, and a rate of 10.36 percent in terms of returns on capital, while the ranking of banks in Bahrain, Egypt, Iraq and Jordan came before their Kuwaiti counterparts in this regard. It was noticed that Kuwaiti banks were absent from the list of the twenty strongest Arab banks performing this year, which is the list in which Egyptian banks had 10 different positions, while the other ten places were distributed among banks from Iraq, the UAE, Tunisia, Saudi Arabia, Morocco and Qatar.
Source (Al-Rai Newspaper-Kuwait, Edited)
