Number of banks reached 23.0 banks in 2019 in Kuwait, according to the National Central Bank. This is the same as in the previous year.
Historically, number of banks in Kuwait reached an all time high of 23.0 banks in 2014 and an all time low of banks in. When compared to Kuwait's main peers, number of banks in Iraq amounted to 72.0 banks and 25.0 banks in Saudi Arabia in 2019.
Kuwait has been ranked 75th within the group of 140 countries we follow in terms of number of banks, 24 places above the position seen 10 years ago.