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Sunday, 08 November 2009 | 11:57 UAE time

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Commercial Bank of Kuwait

  • 1.00 Last
  • 0.00 (0.00%) Today's Change
  • 0 Volume
  • 0.99-1.28 52 Week Range
  • -0.20 (-16.67%) 52 Week Change
As of 31 Dec 1969 20:00 GMT (Market Closed)

COMPANY DESCRIPTION

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.

KEY INFORMATION

Industry

Asset Management, Commercial Banks, Commodity Brokers, Investment Banks, Investment Funds, Stock Brokers

Address

Mubarak Al Kabir Street, Souk Al Maseel, 2861, Kuwait City, Kuwait

T

965 2438190

F

965 2404826

E

cbkinq@cbk.com

W

www.cbk.com

COMPANY OVERVIEW

Ownership Type Established on Employees
Public Joint stock 19 June 1960 -

MAJOR SHAREHOLDERS

NameCountry
Al Sharq Holdingcompanies23.11Kuwait

PORTFOLIO

NameCountry
Dana Investment CompanyKuwait
Al Safat Takaful Insurance CompanyKuwait
Al Soor Financing and Leasing CompanyKuwait
CBK CapitalKuwait
Cham BankSyria
Credit Information Network CompanyKuwait
First Hotels CompanyKuwait
Gulf Custody CompanyKuwait
Gulf Holding Company - KuwaitKuwait
Industrial Bank of KuwaitKuwait
Kuwait Catalyst CompanyKuwait
Kuwait Clearing CompanyKuwait
Kuwait Resorts CompanyKuwait
Rasameel Structured Finance CompanyKuwait
Shared Electronic Banking Services CompanyKuwait
Union Securities Brokerage CompanyKuwait
Boubyan BankKuwait

OFFICERS

BOARD OF DIRECTORSPosition
Abdulmajeed Haji Al ShattiChairman
Abdulrazzak Khaled Al WazzanVice Chairman
Khalid Ibrahim Al RaqumBoard Member
Abdulfatah Mohammad Rafie MarafieBoard Member
Sadek Ibrahim MarafieBoard Member
Ahmad Mohammed Al MishariBoard Member
Fouad Ismail DashtiBoard Member
Fawzi Abdulmohsen Al AteeqiBoard Secretary
MANAGEMENTPosition
Jamal Abdulhameed Al MutawaChief Executive Officer
Ali Naser Al MudaiheemGeneral Manager - Retail and Virtual Banking Division
Loai Fadel Abbas MukamisGeneral Manager - Corporate Credits
Fawzia Ali SultanGeneral Manager - Risk Management
Ibrahim Mousa AttiaGeneral Manager - Private Banking
Fawzi Abdulmohsen Al AteeqiGeneral Manager - Investment Department
Nazir Yousef SaadChief Internal Auditor

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Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details. All markets data located on ArabianBusiness.com is subject to the ArabianBusiness.com Terms & Conditions. Content should be used for general information use only. Charts and statics display delayed intraday data. Share price information may be rounded up/down and therefore may not be entirely accurate Selected data supplied by Reuters Limited. Click for Restrictions.