Brand Finance: Boubyan fastest growing brand in Kuwait at growth rate of 33%

Brand Finance: Boubyan fastest growing brand in Kuwait at growth rate of 33%

Boubyan Bank made a new achievement that adds to its successes over the past years, as the bank was ranked on the list of the top 10 most valuable and strongest Kuwaiti brands in terms of valuation for 2023, in addition to being ranked the fastest growing at a growth rate of 33% as per Brand Finance, the international brand-valuation consultancy.

Mr. Adel Al-Majed, Vice-Chairman & Group Chief Executive Officer of Boubyan Bank Group, stated: “With this type of remarkable recognitions, we are reaping the fruit of our success and steady steps built on well-studied strategies that enabled us to make great leaps and growth across all our financial indicators, especially our market shares across various sectors.”

He elaborated: “Climbing to the 7th place and improving our ranking to AA- is based on our strong financial performance and expectations for future growth against specific standards such as our profit margin and revenues, and this valuation reflects as well the trust of our customers and shareholders in Boubyan Bank.”

He added: “Confirming that we are the fastest growing brand by Brand Finance, following studies and market researches, is a recognition that we highly value, especially since it comes from a consultancy that is renowned