Boubyan Bank safest Islamic financial institution in Kuwait: Global Finance

Boubyan Bank safest Islamic financial institution in Kuwait: Global Finance

KUWAIT: Boubyan Bank made a new achievement by being on Global Finance’s list as the ‘Safest Islamic Financial Institution in Kuwait’, and the second GCC-wide. Moreover, the bank managed for the first time to be on the list for the ‘Safest 10 Banks in the Middle East’, which includes both Islamic and conventional banks, thus positioning itself among top players in the region in 2023.

In its assessment and ranking of the safest banks, Global Finance’s assessment was based on long-term credit ratings of banks by international credit rating agencies such as Moody’s, Fitch, and Standard & Poor’s, in addition to other criteria pertinent to the total assets of the list of the Top 500 Banks worldwide. On this occasion, Abdul-Salam Al-Saleh, Chief Executive Officer – Corporate Banking, Finance, Treasury & Legal, stated that he took pride in that achievement and the noticeable progress in international rankings, which served as an international recognition confirming the bank’s abilities and success in taking all internationally recognized precautions and financial measures necessary to maintain the robustness and consistency of the bank’s assets.

He added: “With Boubyan Bank’s leadership and assuming the second place, compared with the 4th place in the same list of last year,