Boubyan Bank, a leader in providing financial solutions for small and medium enterprises (SMEs), has built its strategy around three core pillars: Customer-Centricity, Digital Innovation, and Financial Empowerment. Through its Boubyan 2028 strategy, the Kuwait-based bank is focused on delivering tailored services that help SMEs thrive, aiming to enhance growth potential and long-term success.
Abdullah Al-Mejhem, Deputy CEO – Consumer and Private Banking at Boubyan, discussed how digital transformation is central to the bank’s SME offerings. Boubyan leverages technology to provide seamless access to financial tools, such as online account management, digital payment solutions, and the groundbreaking Payout API-powered bulk transfer system. Additionally, the launch of eRent has streamlined property management for SMEs by integrating real estate services into the bank’s platform.
Boubyan Bank stands out by offering a comprehensive suite of services, from business financing and payroll solutions to a B2B marketplace. With unique offerings such as ePay, recognized globally for its efficiency, and Sharia-compliant microfinance products, Boubyan has cemented its role as a trusted partner in the SME sector. Furthermore, the bank’s commitment to mentorship through advisory services and its support for fintech initiatives reinforces its position as a leader in SME banking.
Looking ahead, Al-Mejhem envisions evolving the SME ecosystem by introducing more innovative financial products, fostering entrepreneurship, and positioning Boubyan as a regional benchmark for SME banking excellence. The bank’s role in shaping the broader SME landscape in Kuwait and beyond reflects its dedication to empowering SMEs for sustainable growth and success.
