Commercial Bank of Kuwait

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Key details

Parent: assets

Overview

Commercial Bank of Kuwait is Boursa Kuwait: CBK + Kuwaiti commercial bank + founded Jun 19 1960 as Kuwait's second commercial bank + one of Kuwait's largest commercial banks by assets ^{1, Kuwait report}.

History

Jun 19 1960 — Commercial Bank of Kuwait CBK founded as Kuwait's second commercial bank distinctive Kuwaiti banking heritage.

2014 — CBK Mobile Banking app launch.

Ownership & operator

Operating entity: Commercial Bank of Kuwait CBK (Kuwaiti commercial bank; Boursa Kuwait: CBK).

Major shareholders: Al Sayer Group ~21%+ + Kuwait Investment Authority KIA ~17%+ + Kuwaiti retail + institutional + foreign investors free float.

Regulators: Central Bank of Kuwait CBoK.

Technical integration

CBK Mobile Banking app (iOS + Android) + cbk.com online + Commercial Bank of Kuwait branch network across Kuwait + CBK Visa + Mastercard cards; KW IBAN + K-Net (Kuwait national debit card + ATM network).

Implementations & partners

Major Kuwaiti banking + payments competitors: NBK (National Bank of Kuwait) (NBK National Bank of Kuwait; Boursa Kuwait: NBK; Kuwait's largest commercial bank by assets) + Kuwait Finance House (KFH) / KFHOnline (Kuwait Finance House; Boursa Kuwait: KFIN; Kuwaiti Islamic bank + Kuveyt Türk Turkish parent ~62.24% controlling) + Gulf Bank Kuwait (Gulf Bank; Boursa Kuwait: GBK; Kuwaiti commercial bank) + Boubyan Bank (Boubyan Bank; Boursa Kuwait: BOUBYAN; Kuwaiti Islamic bank) + ABK Al Ahli Bank of Kuwait (Al Ahli Bank of Kuwait ABK; Boursa Kuwait: ABK; Kuwaiti commercial bank) + Warba Bank (Kuwait) (Warba Bank; Boursa Kuwait: WARBA; Kuwaiti Islamic bank) + Kuwait International Bank (Kuwait International Bank KIB; Boursa Kuwait: KIB; Kuwaiti Islamic bank).

Regulators: Central Bank of Kuwait CBoK.

Status

Active, Boursa Kuwait:CBK + Kuwaiti commercial bank + founded Jun 19 1960 as Kuwait's second commercial bank + one of Kuwait's largest commercial banks by assets ^{1, 2}.

Sources

1 CBK — official
2 CBK — Wikipedia
^{Kuwait report} In-corpus: reports/countries/KW-kuwait.md

Source

Biography extracted from commercial-bank-kuwait.md. See matrix.md for standards-support matrix if present.