Best banks in Kuwait

Some of the best banks in Kuwait are the National Bank of Kuwait, the Kuwait Finance House, and the Commercial Bank of Kuwait.

Kuwait now has 11 local banks, including 5 Islamic banks, all of which are overseen by the Kuwait Central Bank in order to guarantee the stability of the Kuwaiti Dinar.

The Kuwait Central Bank also functions as the Kuwait government’s financial adviser and banker. MNCs such as HSBC, Citigroup, and others are also active in Kuwait’s banking sector.

In Kuwait, the official currency is Kuwaiti Dinar (KWD). Ten KWD is 32.54 US Dollars, or ten euro is 29.88 euro. That is 2,669.25 Indian Rupees or almost 234.82 Chinese yuan.

All websites linked in this article are in English. Use Google Translate or any other translation app if you need.

How to choose a bank in Kuwait

When choosing a bank in Kuwait, several factors must be considered.

Reputation and stability

Choosing the best bank in Kuwait means finding one with a solid reputation and stability. This way, you can trust that your finances are in good hands.

Products and services

Choose a bank based on account needs. Basic accounts like savings and checking are standard, while full-service banks offer advanced options like credit cards, loans, and investments.

Size of the bank


Most Kuwaiti banks offer their services at reasonable fees. Fees vary greatly depending on the bank so you can explore them accurately.

Financing costs

If you want to grow your money in a savings account or other savings vehicle, seeking higher interest rates is essential to optimize your savings efforts. One strategy to accomplish this is to compare the rates multiple banks offer.

Customer Service

When choosing a bank, it’s essential to consider client support and your financial needs. Look for a bank with helpful tools and features that fit your requirements and preferences.


Considering these factors, you can narrow your options and choose a bank that meets your financial needs.

The banking system in Kuwait

The Industrial Bank provides financing for agricultural and industrial initiatives.

Two Kuwaiti government-owned specialist banks provide:

Medium to long-term financing to their clients or customers, with a concentration on savings banks and credit facilities, ensuring a steady flow of money throughout the economy.

Top Kuwaiti Financial Institutions are:

Central Bank of Kuwait

Kuwait Banking Association

The Banks are divided into three main categories, and they serve their own purpose:

  1. Commercial Banks
  2. Islamic Banks
  3. Specialized Banks

Commercial banks are further divided into domestic and international branches.

List of best banks in Kuwait

You have several alternatives in Kuwait, and which one you choose depends on your requirements and interests.

Here are some of the best banks in Kuwait that you should consider:

National Bank

National Bank of Kuwait

Kuwait Finance House,

Commercial Bank of Kuwait

Burgan Bank

Islamic Banks

AL AHLI United bank

Kuwait Finance House

Boubyan Bank

Warba Bank

International Banks

Bank of BNP Paribas


Qatar National Bank

Bank of HSBC

Doha Bank

Bank of Bahrain

Kuwait money transfers abroad

There are alternatives to banks for making international money transfers, some of which may be more cost-effective and time-efficient than others.

Traditional Kuwaiti banks may charge exorbitant fees if you wish to transfer money abroad or use your debit card abroad.

If you wish to avoid banks, utilize:

Western Union



How can I open a bank account in Kuwait

To establish a bank account in Kuwait, you need:

To choose a bank.

Opening a bank account is an option both online and in person.

You need to get all the documents that are required.

For more information:

Go to:

How to open a bank account in Kuwait

How to find a cash machine in Kuwait

Talk to anyone who may have traveled or worked in Kuwait. You will find that some of your friends or family know the nearest bank branches. Ask around and find opportunities among your contacts. An easy tool for doing that is any map app. Below is, for example, a Google Maps search for “ATMs near Kuwait City.”

Source: Educba

The cover image is in Kuwait. Photo by sohrab zia on Unsplash


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