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NBK named World’s Best Emerging Markets Bank in ME

NBK’s smooth transition to new management demonstrated its good governance and solid foundation.

National Bank of Kuwait (NBK) has been named the World’s Best Emerging Markets Bank in the Middle East and Kuwait 2015 by the international financial publication Global Finance.

In its 22nd annual survey, Global Finance selected the best banks in the world by country and region with input from industry analysts, credit rating analysts, corporate executives and banking consultants around the world.

NBK was chosen the World’s Best Emerging Markets Bank in the Middle East and Kuwait based on its smooth transition to the new management, as well as its growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products.

“NBK has strong financials, regularly features highly in Global Finance’s list of the World’s Safest Banks, and is a well-respected bank in the region. Its smooth transition to the new management demonstrated its good governance and solid foundation,” said Jospeh D. Giarraputo, publisher of Global Finance.

Giarraputo added: “Banking markets around the world are changing dramatically in the face of a new regulatory landscape and changing conditions. Some global players are reducing their footprints and product lines, while some regional and local players are expanding beyond their home markets. We honor those banks that have the deepest commitment to the markets in which they operate and understanding of the specific needs of customers based in those markets.”

NBK was also recently named among the ‘World’s 50 Safest Banks’ for the ninth consecutive time, illustrating the success of the bank’s conservative strategy, prudent risk management dedication excellent customer service.

NBK enjoys the highest credit ratings in the Middle East and North Africa region by international rating agencies Moody’s, Standard & Poor’s, and Fitch Ratings.

NBK enjoys the widest banking presence with an international network. NBK’s international presence spans many of the world’s leading financial centers including London, Paris, Geneva, New York and Singapore, as well as China (Shanghai). Meanwhile, regional coverage extends to Lebanon, Jordan, Iraq, Egypt, Bahrain, Saudi Arabia, the UAE, and Turkey.