NBK's CEO elected Board Member at the IIF-Washington

The IIF is the world's only global association of financial institutions all over the world. Created in 1983 in response to the international debt crisis, the IIF has evolved to meet the changing needs of the financial community. Its board of directors is chaired by Josef Ackermann-Chairman of Deutsche Bank, and is consistent of well known board members representing the world's largest commercial and investment banks as well a growing number of insurance companies and investment management firms such as: William Rhodes- Senior Vice Chairman at Citigroup; Stephen K. Green- Group Chief Executive at HSBC; William B. Harrison Jr.- Chairman and Chief Executive Officer at JP Morgan Chase; Kalus Peter Mueller- Chairman of the board at Commerzbank; Peter Wuffli- Group Chief Executive Officer at UBS; Daniel Bouton- Chairman and Chief Executive Officer at Société Générale; Sir George Mathewson- Chairman of Royal Bank of Scotland, and many other renowned bankers from all over the world.

Many observers in the world of business pointed out that the election of Ibrahim Dabdoub to such a distinguished membership is truly an honor not only to NBK, but to the whole Arab banking business in general and to the State of Kuwait, especially that NBK is relatively a small bank when compared to the big international banks that are already IIF board members such as Citibank, Deutsche bank, HSBC and UBS.

The most important goals of the institute is to sustain its position as the most influential glob association of financial institutions, support financial and banking business in risk management and develop the best practices and standards; and in advocating regulatory, financial and economic policies that are in the broad interest of its members and foster global financial stability around the world.