Chief Executive Officer
Commercial Bank of Kuwait
Elham Mahfouz is the Chief Executive Officer of Commercial Bank of Kuwait since 20 November 2014. She played an important role in developing and shaping the bank’s business and support functions. Elham joined Commercial Bank of Kuwait in year 2000 as a Manager – International Banking Division. She got promoted to top executive positions to become the General Manager of New York Branch, Acting GM international Banking then GM International Banking.
In June 2010 Elham was entrusted the role of Acting CEO. Soon she was promoted to Deputy CEO in April 2012.
Elham was once again appointed in November 2013 as Acting CEO of the Bank. She was duly confirmed as CEO of the Bank in November 2014. Elham’s contributed in enhancing the Bank’s corporate, retail, international, and treasury business activities with more focus on important factors like technology, innovation, digitalization and process reengineering.
Elham is responsible for the preparation and development of the policies pertinent to the Bank’s plans and strategies that are in line with the Bank’s objectives and vision. She directs and controls the development of the Bank’s operations in accordance with strategic guidelines, thus contributing to the achievement of the Bank’s mission, strategy, goals and objectives. Under Elham’s leadership, the Bank was able to reduce the Non-Performing Loans percentage in its records to as minimal as zero, thus strengthening its balance sheet and the quality of the credit portfolio.
Before joining Commercial Bank of Kuwait, Elham worked with renowned Kuwaiti financial institutions and gained diversified banking experience.
For many consecutive years, Elham was named among the top 100 most Powerful Arab Business Women according to Forbes.
Elham holds a Bachelor with honor degree in Business Administration, American University in Cairo and attended various banking and strategic management training programs and possesses more than 34 years of banking experience.