Commercial Bank of Kuwait

Through a network of 53 branches across Kuwait, the CBK provides a range of banking and financial products and services to individuals and corporations.

However, profits at Kuwait’s third-largest lender dropped last year after it posted a loss in the fourth quarter. Its net profit shrank by 16.3 percent to $347m from $415m in 2007, CBK said. In the fourth quarter, the bank reported a loss of $14.5m.

In February, Standard and Poor’s rating agency placed CBK on CreditWatch with negative implications, but affirmed its A-2 short-term ratings.

CBK’s personal banking division offers checking accounts, on demand accounts, savings accounts, term deposits, loans, CBK cards and remittances. Corporate credit, treasury services, international credit and trade finance are provided by its corporate banking division.

CBK also offers other financial and investment solutions through Tijari Private Banking and Tijari Funds units. Serving high net-worth individuals, the Tijari Private Banking unit offers conventional banking, financing and leveraging, alternative investments and structured products. The Tijari Funds division manages investment funds, such as its money market fund, GCC equity fund, Islamic fund and India fund.
More about the company
Address: Mubarak Al Kabir Street, Souk Al Maseel PO Box 2861 , Kuwait City, KUWAIT

CBK

Joint stock

19 June 1960

Public

965 2438190

965 2404826

cbkinq@cbk.com

www.cbk.com

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Officers
Management Position
Jamal Abdulhameed Al Mutawa
Chief Executive Officer
Loai Fadel Abbas Mukamis
General Manager - Corporate Credits
Ali Naser Al Mudaiheem
General Manager - Retail and Virtual Banking Division
Fawzia Ali Sultan
General Manager - Risk Management
Ibrahim Mousa Attia
General Manager - Private Banking
View all
Major Shareholders
Name Country
Al Sharq Holding
Kuwait
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Cover Story 2

The fragile finances of Formula One
By this time next year, five of the current 11 Formula One teams will probably be out of business. It’s now not a question of if it will happen but merely when it will happen. Marussia and Caterham have already gone and the Sauber, Lotus and Force India teams seem ready to join them. So in 12 months time there could be just six teams left on the grid, all forced to run three-car teams to maintain the semblance of a show. That is the harsh truth that spells out the finances of Formula One today.

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