KUWAIT: National Bank of Kuwait (NBK) has been named “The Bank of the Year in Kuwait” for 2019 by the leading and internationally-renowned Financial Times magazine ‘The Banker’, in acknowledgment of its exceptional performance. The prestigious award highlights NBK’s well-established presence among the global banking consortiums, its strong financial position, robust asset quality in addition to its innovative initiatives as well as banking solutions over the past 12 months.
The award underpins NBK’s solid business model, prudent as well as disciplined approach to risk management, in addition to its highly recognized and very stable management team. The award was presented to Fawzi Al-Dajani, NBK London General Manager, on behalf of NBK at a glittering awarding ceremony especially held in London for the occasion and attended by host of international and regional senior bankers and executives.
Founded in 1926, The Banker is a financial intelligence magazine, which selects one winning bank for each of the 120 countries judges. Over 1,000 applications are collected and judges select winning banks based on which ones they believe have made the most progress over the past 12 months. NBK continues to enjoy collectively the highest ratings among all banks in the Middle East from three international rating agencies Moody’s, Fitch Ratings, and Standard and Poor’s. NBK was also named among Global Finance’s list of the 50 safest banks in the world for 14 consecutive times.
NBK has an extensive local and global presence. It has boosted its foothold in a number of international hubs in London, Paris, Geneva, New York, Singapore, and China (Shanghai), in addition to a number of MENA countries including Lebanon, Jordan, Iraq, Egypt, Bahrain, Saudi Arabia, UAE and Turkey. For more information on The Banker magazine’s The Bank of the Year in Kuwait for 2019, please visit: https://www.thebanker.com/Awards