National Bank of Kuwait among top 5 safest banks in Emerging Markets

The rankings, compiled by the international finance magazine Global Finance are based on evaluations of long-term credit ratings—from Moody's, Standard & Poor's and Fitch Ratings—and total assets of the 500 largest banks worldwide.

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.