Complex Made Simple

National Bank of Kuwait strong ‘in any context’

Deutsche Bank has said the capital strength, asset quality and liquidity of the National Bank of Kuwait (NBK) should allow it to deploy its balance sheet quickly to capture growth. "NBK is outstanding in the domestic context, with leading market shares, strong asset quality and coverage ratios. NBK has also stellar reputation amongst its clients and competitors alike," said Deutsche Bank in its initiation of coverage on NBK with a 'Hold' recommendation. NBK's Tier 1 ratio of 18.3% is the strongest of any large cap bank in Kuwait and ranks very well within Mena and CEEMEA as well, the report said.