The Kuwait Banking Association (KBA) was declared on May 16, 2001 based on Ministerial Resolution No. 82 for the year 2001, to replace the Kuwait Banking Committee established on December 12, 1981, pursuant to an agreement among the Chairmen of local banks, to strengthen their cooperation, facilitate coordination in addressing their common issues, enable them to keep up to date with developments in banking systems, and raise their employees’ standards.
The Kuwait Banking Association
consists of 23 bank members
Ahli United Bank
Kuwait Finance House
Industrial Bank of Kuwait
Kuwait International Bank
Al Ahli Bank of Kuwait
Commercial Bank of Kuwait
National Bank of Kuwait
Al Rajhi Bank
Qatar National Bank
First Abu Dhabi Bank
HSBC Bank Middle East Limited
Bank of Bahrain & Kuwait
Objectives of the
Kuwait Banking Association:
1Enhancing relationships and channels of cooperation between the association members, and coordinating activities to their common interests. However, all within the framework of the state’s plans, and economic and monetary policies.
2Discussing member banks’ common issues relating to various business activities and endeavoring to reach appropriate solutions to the problems they face, including the coordination with the government regulatory bodies and legislative branch.
3The coordination with the Central Bank of Kuwait towards developing the local banking sector and achieving objectives of stability and economic growth.
4Improving the professional, cultural and social levels of the association members’ employees.
5Supporting and developing the banking performance in the state of Kuwait to satisfy the requirements of the national economy and reinforce the country’s monetary and financial systems.
6Supporting and encouraging activities of the Kuwaiti society.
7Enhancing relationships between banks operating in the local markets, and their relationships with the regional and global banks to ensure the interests of the member banks.
8The coordination and cooperation between member banks in various media channels for the purpose of furthering the interests of the local banking sector, highlighting its contribution to the national economy and emphasizing its role in social development.