The Best in the Middle East for the second consecutive year by Global Finance
For the second consecutive year, National Bank of Kuwait (NBK) was recognized as the Best Foreign Exchange Provider in Kuwait and the Middle East 2014 in an exclusive survey compiled by the world renowned financial magazine Global Finance. NBK is the only Arab bank enlisted among the World's Best Foreign Exchange Providers.
The rankings, compiled by international finance magazine, Global Finance, are based on input from industry analysts, corporate executives and technology experts. Criteria for choosing the winners included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.
NBK is the only Arab bank enlisted among the World's Best Foreign Exchange Providers along with major international financial institutions such as Citi, Deutsche Bank, HSBC, Societe General, DBS, and Standard Bank.
"Corporations operating in today's global markets need the advice, tools and services of a trusted foreign exchange provider," says Joseph D Giarraputo, publisher and editorial director of Global Finance.
"The $5.3 trillion-a-day FX market is undergoing rapid changes as a result of technology and new regulations. We have identified the banks and systems that corporations can rely on to manage their FX exposure in every-changing markets worldwide," he added.
NBK continues to collectively enjoy the highest credit ratings from the three international rating agencies; Moody's, Fitch Ratings and Standard and Poor's. The Bank's ratings are supported by its high capitalization, prudent lending policies, and its disciplined approach to risk management, in addition to its highly recognized and very stable management team. NBK also maintains its position among the 50 safest banks in the world for the eighth consecutive time.
World's Best Foreign Exchange Providers 2014 by Global Finance:
Middle East | National Bank of Kuwait |
North America | Citi |
Western Europe | Deutsche Bank |
Asia-Pacific | HSBC |
Central and Eastern Europe | Societe General |
Southeast Asia | DBS |
Nordic countries | SEB |
Africa | Standard Bank |
Latin America | Citi |
Issued by National Bank of Kuwait- For more info, please contact Media Relations on:
Sanaa Al-Ghoussayni - Tel: 2259 2817 - Fax: 22595804 - Email: sanaaghoussayni@nbk.com
© Press Release 2013
