"بيتك" والبنك الأهلي المتحد الكويتي.. اندماج هو الأول بين مصرفين كويتيين
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00:00 The initial agreement on the merger between the Kuwaiti Financial Bank and the Kuwaiti
00:06 National Bank of the United States carries messages that go in more than one direction.
00:10 The merger, after completion, will be the first between Kuwaiti banks.
00:14 It has already done so with the banks of acquisitions such as the Kuwaiti National Bank and the
00:19 Bubyan Bank, or your home and the Bahraini National Bank, or the Kuwaiti people and the
00:24 Buryos Bank in Egypt. But this is the first time that it may lead to the merger of a
00:30 Kuwaiti bank with another Kuwaiti bank to be one entity. And if it happens, it will
00:36 achieve the call for the merger and reform that the international banking authorities
00:41 have launched for years.
00:43 What does the merger or acquisition process do?
00:46 The bank will be transformed, as Mr. Abdel-Mahsen mentioned, from number 11 to number 6.
00:53 At the same time, the share of Kuwait will increase in the assets of banks in the
00:58 Gulf region from 11% to 12.5%. This does not support our financial center.
01:05 In May, after the introduction of a mandatory acquisition offer, the ownership of your
01:11 home in the United States of Kuwait rose to more than 95%. But their merger through
01:16 the merger will make your home larger than the Kuwaiti banks in terms of the size of
01:21 the local assets, after the map of its assets expands to include the assets of the
01:26 United Bank, which increase its value by 4 billion dinars.
01:31 This gives great liquidity to bank contributors and also provides the financial center
01:38 with opportunities to develop major financial assets in the future. And God willing,
01:45 the goal of the transfer of the financial center to a regional bank will be achieved.
01:52 In the list, there is another feature that bankers are looking at with interest,
01:56 which is financial savings that will result in the unification of activities,
02:00 the integration of administrations, the reduction of expenses, costs, and the
02:04 implementation that each party will achieve from the experience of the other party.
02:08 The expenses of running banks with limited capital will be very high.
02:14 Therefore, there are advantages of the merger process.
02:18 Second, the ability to compete in the market and buy or gain market share is greater than the market.
02:28 The third thing, which is part of the merger process, is that there is the ability to
02:34 write large infrastructure projects.
02:39 The merger of your home and the Kuwaiti Union after its completion will be the first of its kind
02:44 in the process of acquiring Kuwaiti banks, which strengthens hopes for other possible
02:49 mergers that may occur in the future.
02:53 Samar Rashid, CNBC, Arabia, Kuwait