Global Finance awards NBK

The magazine has, recently, released its rankings for the Best Treasury and Cash Management Banks and Providers to be published on March issue, 2006.

'Global Finance has already recognized NBK as one of the world's best banks in several banking sectors. The bank has won the 'Best Provider of Money Market Funds in the Middle East & Africa' for 2005; and is recognized as one of 'the world's best foreign exchange banks for 2006.' Stated Assistant General Manager and Treasurer, Mazen Al-Nahedh.

He added 'Such prizes are the coronation of NBK's renowned excellence all over the Middle East and Africa; it mirrors NBK's sound management of providing treasury solutions to its clients'.

Al-Nahedh elaborated: 'The award is given only to the most outstanding banks in the global banking sphere, in recognition of banks' excellence in customer relations, competitive pricing and continuous investment in technology. NBK remains the benchmark for regional banks in providing financial and banking services to both individuals and corporations. It is a pioneering entity in offering innovative solutions to its customers' ever-changing needs.'

NBK has a wide range of treasury, asset and liquidity management services which is supported and channeled through NBK's numerous branches around the world in its strive to minimize costs for individual and corporate customers.