National Bank of Kuwait among top 5 safest banks in Emerging Markets
- Kuwait: Wednesday, February 06 - 2013 at 15:08
- PRESS RELEASE
National Bank of Kuwait (NBK) has been listed among the top 5 safest banks in the Emerging Markets. NBK ranked 4th on the list of the safest banks in the Emerging Markets, confirming the success of the bank's conservative strategy, prudent risk management and dedication to service excellence.
Global Finance, for the sixth consecutive year, listed NBK among the 50 safest banks in the world for 2012. Global Finance's annual ranking of World's 50 Safest Banks has been a recognized and trusted standard of creditworthiness for the entire financial world for more than 20 years.
NBK ranked above several international financial heavyweights including BNP Paribas, Standard Chartered and Wells Fargo, as well as being the only bank from Kuwait. Major international banks were removed from the list including Deutsche Bank, Credit Suisse, JPMorgan Chase, Barclays Group and Crédit Agricole.
NBK has consistently been awarded the highest credit ratings of all banks in the region by the major international rating agencies: Moody's, Standard & Poor's and Fitch Ratings.
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