What happens when you put the NBK & Boubyan Bank Together? bye bye KFH

NBK_Boubyan
I read great financial news today; the National Bank of Kuwait (NBK) has acquired about 27 33% of Boubyan Bank (BB) in a deal with Commercial Bank of Kuwait (CBK), making the NBK enter the world of Islamic financing. Of course this is bad news for Kuwait Financial House (KFH) who has stood as the only Islamic financial and banking organization in Kuwait and almost the GCC – with Dubai Islamic bank – for a very long time.
No question I’m moving to BB as soon as it’s official. Finally this puts an end to all the rumors.

Check out the story in Al-Qabas newspaper ( in Arabic)

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2 Responses to What happens when you put the NBK & Boubyan Bank Together? bye bye KFH

  1. itsallg000d says:

    is that new logo tue? they should have a camel carrying hooDaaag (camel carriage) where women used to sit through the journy … ya3ni eslami to show part of muslim culture!

  2. […] Wanna take a loan to buy a car? This is a table that i got from Al-Qabas news papre of the bank and loan companies that give loan to buy a car, it shows the interest rate over a number of years the highest one is KFH and the lowest one is Boubyan Bank (BB), I hope BB won’t change its interest rate after the deal with NBK. […]

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