Kuwait International Bank

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B RatingFinancial ServicesPremier Market Banking2024 AssessmentBB → B
www.kib.com.kwMSM v1.5 · 154 Criteria
B
Mnakh Rating
58.2
/ 100
Environmental20%
3.70
37% achievement · 4 subcategories
▼-2.15 vs 2023
Contributes 7.4 / 20
Social30%
6.10
61% achievement · 5 subcategories
▲+0.40 vs 2023
Contributes 18.3 / 30
Governance50%
6.60
66% achievement · 5 subcategories
▼-0.60 vs 2023
Contributes 33 / 50
B · 58.2
D
0–29.99
C
30–39.99
CCC
40–49.99
B
50–59.99
BB
60–64.99
BBB
65–69.99
A
70–74.99
A+
75–79.99
AA
80–84.99
AA+
85–89.9
AAA
90–94.99
AAA+
95–100
Sector Rank
#15 / 21
/ 21 · Financial Services
Overall Rank
#26
of 46 assessed
Strongest Pillar
G 6.60
Governance · 66%
R&C Deduction
-0.50
Controversies applied
Sector Peers — Financial ServicesTop 5 of 21
1
National Bank of Kuwait
87.8
AA+
2
Kuwait Finance House
82.7
AA
3
Burgan Bank
82.3
AA
4
Boursa Kuwait
81.9
AA
5
Boubyan Bank
80.2
AA
Key Findings

Executive Summary

Kuwait International Bank demonstrates strong performance in employee development and ethics, with comprehensive training programs delivering 46,695 hours to 96% of employees and achieving zero incidents of corruption or regulatory non-compliance. The bank has made significant progress in sustainable finance, holding USD 268 million in green and sustainable Sukuk investments and increasing sustainable financing portfolios by over 20% across business segments. However, environmental performance remains a key challenge, with total GHG emissions rising 54% to 6,165.7 tCO2e in 2024 due to business expansion, while the bank lacks formal emission reduction targets and energy management systems.

Strengths

Exceptional employee development with 46,695 total training hours (66 hours per employee on average), 96% employee training participation, and comprehensive programs including the Waed Talent Management Program for 40 high-potential employees, supported by KD 213,585 investment in training.
Strong ethical governance with 100% of employees receiving anti-corruption training, zero incidents of corruption or AML violations, and robust compliance frameworks including whistleblower protection and formal conflict of interest policies.
Growing sustainable finance leadership with USD 50 million in green Sukuk and USD 218 million in sustainable Sukuk investments, plus 27.27% growth in wholesale sustainable financing to KD 51.48 million and successful structuring of major ESG-linked transactions including a USD 150 million syndicated Murabaha facility.

Areas for Improvement

Carbon emissions management requires urgent attention, with total GHG emissions increasing 54% to 6,165.7 tCO2e in 2024, including a 462% spike in Scope 1 emissions, while the bank lacks specific emission reduction targets and has not quantified emission reductions from initiatives.
Board diversity needs enhancement with zero female representation among 11 directors (100% male board), despite women comprising 29.78% of the workforce and 23.22% of managerial positions, limiting governance perspectives and stakeholder representation.
Energy management systems require formalization, as electricity consumption rose 32.34% to 8,147,360 kWh due to branch expansion, with no formal energy management certifications, renewable energy usage, or specific energy reduction targets despite implementing energy-efficient features.
Performance Overview
Subcategory Radar
14 subcategories · 0–10
E1E2E3E4S1S2S3S4S5G1G2G3G4G5
20242023
Pillar Contribution
of 58.20 total
58.2
Total
Environmental
7.4 / 20 · 12.7%
Social
18.3 / 30 · 31.4%
Governance
33 / 50 · 56.7%
Subcategory Treemap
Size = weight · Color = pillar
G17
Transparency & ESG · W:15
G26
Compliance with ESG · W:10
G38
Sustainable Finance & · W:10
G44
Board Diversity & · W:10
S17
Community Investment & · W:9
S36
Diversity, Inclusion & · W:9
E12
Carbon Emissions Reduction · W:8
E24
Energy Efficiency & · W:6
S25
Workplace Well-being & · W:6
G59
Ethics & Anti-Corruption · W:5
E35
Climate Change Adaptation · W:4
S48
Education & Sustainability · W:3
S54
Sustainable Supply Chain · W:3
E46
Water & Waste · W:2
Pillar Details
3.70
out of 10
Achievement37%
Contribution7.4 / 20
Weight20%
Subcategories4
E1
Carbon Emissions Reduction
2
▼-2.5 vs 2023
/10
Weight: 8
20% achievement
E2
Energy Efficiency & Renewable Energy
4
▼-4.0 vs 2023
/10
Weight: 6
40% achievement
E3
Climate Change Adaptation
5
▼-1.5 vs 2023
/10
Weight: 4
50% achievement
E4
Water & Waste Management
6
▲+1.0 vs 2023
/10
Weight: 2
60% achievement
Score Calculation
1
Pillar Scores
E: 3.70
S: 6.10
G: 6.60
Weighted averages (0\u201310)
2
Apply Weights
58.70
(3.70×2)+(6.10×3)+(6.60×5)
E:20% S:30% G:50%
3
R&C Deduction
−0.50
Controversies applied
4
Final Score
58.20
Range: 50–59.99
★
Rating
B
Mnakh Index Rating
ESG Activities
Activity Summary
9 activities in 2026
Environmental
0
Social
8
Governance
1

Counted once per program · Mnakh-verified distinct deliveries counted separately · third-party records excluded

Recent Activities

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SS413 Oct 2026

KIB Hosts KPC Staff for Cybersecurity and Audit Training

Kuwait International Bank (KIB) hosted employees from Kuwait Petroleum Corporation (KPC) at its KIB Life Academy for a specialized learning experience covering cybersecurity practices in the banking sector and modern internal audit practices. The session involved staff from KPC's internal audit, risk management, and IT departments, aimed at exchanging expertise and building national capabilities. KIB described the collaboration, its first with KPC, as part of its social responsibility and ESG commitments.

Internal Audit, Risk Management, IT Partner departments engaged
Kuwait Petroleum Corporation (KPC)
SS4S113 Oct 2026

KIB Delivers Digital Fraud Awareness Segment on KTV2 Under Diraya Campaign

Kuwait International Bank (KIB) participated in an interview on Kuwait TV Channel 2's "Good Morning Kuwait" programme on 13 October 2026, where its Assistant Manager for Information Security, Privacy and Anti-Fraud explained evolving fraud techniques to the public. The segment covered social media exploitation, AI-enabled voice and video impersonation, fraudulent messages impersonating government entities, misuse of one-time passwords, risks of using banking apps over public Wi-Fi, and online safety for children and teenagers. The appearance was delivered under the national "Let's Be Aware" (Diraya) campaign launched by the Central Bank of Kuwait and the Kuwait Banking Association with local banks.

KTV2 "Good Morning Kuwait" interview Awareness channelSocial engineering, AI impersonation, OTP misuse, public Wi-Fi risks, youth online safety Fraud topics covered
Central Bank of Kuwait, Kuwait Banking Association
SS427 Sept 2026

KIB Concludes 4th KIB Life Academy Summer Camp

Kuwait International Bank (KIB) concluded the fourth consecutive edition of its KIB Life Academy summer camp for employees' children and relatives, held this year in partnership with CODED Academy over a two-week period. The program combined coding and robotics activities (Sphero, mBot), virtual reality experiences, and introductory artificial intelligence sessions, culminating in a final showcase where participants presented their projects to family members.

Two weeks Programme duration4th consecutive year Edition
CODED Academy
SS4S119 Sept 2026

KIB Delivers Banking Fraud Awareness Session for AIU Students

Kuwait International Bank (KIB) took part in the new student orientation at the American International University (AIU) on 19 September 2026, delivering guidance on safe use of banking and digital services and on recognizing fraud attempts. The participation was carried out under the "Let's Be Aware" (Diraya) banking awareness campaign launched by the Central Bank of Kuwait and the Kuwait Banking Association. KIB staff engaged directly with students on protecting PINs, passwords and one-time passwords and on handling suspicious links, messages and calls; no beneficiary count was disclosed.

Central Bank of Kuwait, Kuwait Banking Association, American International University (AIU)
SS4S17 Sept 2026

KIB Trains Public Authority for Minors Affairs Staff on Sukuk Applications

Kuwait International Bank (KIB) delivered a two-day specialized training course titled "Practical Applications of Sukuk as an Islamic Financial Product" on 23-24 August 2026 for employees of the Public Authority for Minors Affairs. The course, led by KIB's General Manager of Treasury, targeted staff from the Authority's investment, treasury, risk, operations, accounting and finance departments and covered Sukuk structures, primary and secondary market mechanisms, return calculation and pricing factors. The initiative was delivered under KIB's corporate social responsibility program at no stated cost to the public entity.

2 days (23-24 August 2026) Course durationPublic Authority for Minors Affairs Beneficiary institutionInvestment, treasury, risk, operations, accounting, finance Targeted departments
Public Authority for Minors Affairs
Methodology: MSM v1.5 · 154 CriteriaAssessment: 2024Weights: E:20% · S:30% · G:50%