About Al Ahli Bank of Kuwait - ABK
Since its foundation in 1967, Al Ahli Bank of Kuwait (ABK) has progressed to be one of the leading Kuwaiti banks providing a wide range of financial and banking services and products.
Today, the Bank offers integrated and seamless retail and corporate banking services across all its markets in Kuwait, Egypt and the United Arab Emirates.
In its home market of Kuwait, ABK has 31 centrally located branches, while in UAE it has two full service branches located in Abu Dhabi and Dubai and one wholesale banking branch in the DIFC. In 2015, ABK acquired Piraeus Bank in Egypt. ABK - Egypt has expanded its branch network over the past three years and now operates 40 branches across Egypt, providing retail and corporate banking services.
ABK’s long-term regional aspirations have also led to strategic alliances with world-class financial partners. For example, its highly successful and popular co-branding with Emirates Airline on ABK credit cards has given cardholders the opportunity to earn and redeem Skywards Miles for Emirates flights, by simply using their cards.
In addition to its retail operations, the Bank also has a highly successful commercial side. Its Corporate Division focuses on financing for the construction, real estate and trade sectors, providing loans, letters of credit and guarantees, and financing services, while the Treasury and Investments Division provides effective foreign exchange and interest rate services and advice for the Kuwait, Gulf and International markets.
Through its subsidiary; Ahli Capital Investment Company (ACIC), the bank provides a wide range of financial services such as asset management, portfolios, wealth management, investment banking, custody and consultative services. ACIC manages high performance funds including Ahli Kuwaiti Fund and Gulf Kuwaiti Fund. These two funds have achieved high yields through securities investment in Kuwait and GCC countries.
ABK received numerous awards including: ‘Best Bank Transformation in the Middle East’ by Euromoney, ‘Deal of the Year’ by The Banker – an FT Affiliate, ‘Best Retail Bank’ by Asian Banker, ‘Retail Bank of the Year’ by The European, ‘Best Commercial Bank’ by Banker ME, ‘‘Employer of the Year’ by Naseba, and Bank of the Year by Arabian Business. ABK was also listed as one of the 50 safest banks in the Middle East by Global Finance for 2017 & 2018.
The Bank continues to enjoy strong credit agency ratings of A2 from Moody’s and A+ from Fitch.
Over the past 50 years, ABK has grown to become one of the most respected and innovative Banks in the region. With a clear regional vison of strong leadership, simpler banking, and unrelenting focus on continual renewal and investment in its customer service, banking products, and technology upgrades. ABK has set new benchmarks for banking in the Middle East and is well positioned to continue this path in the future.
Company Details
Website
Headquarters
Kuwait City, Kuwait
Year founded
1967