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NewsTranscript
00:00 "Praise be to God, the year was good, more than good.
00:04 When you look back at our history, where we came from, where we are now,
00:08 in 2009 we lost about 60-70 million dinars,
00:12 this year we lost 80 million.
00:15 The results were good, and this is the effort and the fruit of the strategy we put in.
00:23 We have won about 5 hours a year from the ownership of the Kuwaiti national bank,
00:28 and thank God, all our strategies were achieved.
00:33 Now we are in the process of preparing our strategy for the next 5 years, God willing."
00:39 "With the highest profits in the history of the bank,
00:43 you have also become the third largest bank in Kuwait.
00:47 Your comment on this?"
00:49 "I remember, you were present, Abu Ali,
00:52 in 2009, when we entered the bank, after we owned the bank,
00:58 there was a press conference, and there was a question from one of the colleagues,
01:06 and they said, where will you be in the future?
01:09 We said, God willing, of course, they call it by elimination,
01:13 we said, the national and large funding, we will not be able to reach them in the short term,
01:18 God willing, we will reach them in the future.
01:20 But the answer was, God willing, we will be the third largest,
01:24 and indeed, after 5 hours a year, we are now the third largest in terms of assets and transactions."
01:29 "If we ask about 2024 and beyond, what are your expectations for the performance of the bank?"
01:37 "In general, the banks, how will the year end?
01:39 Most of the banks have good profits, and there are increases in profits.
01:42 We think 2024 will be the same, continuous.
01:46 But we need large projects from the government to implement,
01:53 God willing, the next government, because the Kuwaiti economy is based on government projects
02:02 that move the economy, and God willing, after some economic decisions, the government will take them."
02:09 "Is there a focus for the next stage of the Bobeyan Bank?
02:12 We know about the technology and the focus on the client.
02:16 Are there any new focuses for Bobeyan in the next stage,
02:20 in light of the changes that are happening in the world?"
02:23 "As I told you, our strategy now is that we will enter the third strategy,
02:27 we have finished about two years now.
02:30 But you are right, technology will be the main thing,
02:33 but I think, while we are in the bank, we will return to the service.
02:41 The client will now be able to serve everything, not just us.
02:46 Any bank will have a new service.
02:49 Any other bank can copy it or do it like it did years ago,
02:54 now it's been months, any other bank can do it.
03:00 The key will be the human element and the way of serving our clients."
03:07 "If I ask you about Nomo Bank, which you launched three years ago,
03:11 I heard that you are spreading to the Gulf region."
03:15 "Nomo Bank is now in its third year, as you know,
03:20 it is an Islamic, digital, and technology bank from England, in London.
03:27 We changed the strategy, most of the traditional banks
03:32 were going to the countries of the Cooperation Council,
03:37 like Saudi Arabia, the UAE, etc.
03:39 We thought that we will not be able to compete in this way.
03:43 The regional banks have the power and presence in the region,
03:55 we will not be able to compete.
03:58 We focused on digital and technology in the region.
04:06 We opened in Kuwait, then in the UAE, and now in Saudi Arabia.
04:14 We are now as Nomo Bank in three major countries,
04:19 Kuwait, the UAE, and Saudi Arabia.
04:22 We will be able to compete in more countries, like Qatar, etc.
04:28 We believe that this is the future.
04:32 We will not be able to compete physically,
04:35 we do not see ourselves as a Bobeyan Bank.
04:38 Therefore, we will have branches in Nomo Bank,
04:42 which will be our presence as a Bobeyan or Nomo in the Cooperation Council.