In recognition of its dominance in the banking services market in Kuwait thanks to consistent leadership and excellence, National Bank of Kuwait (NBK) was named as “Best Bank in Kuwait for 2021” by the preeminent business and finance magazine Euromoney in its Awards for Excellence for 2021.

Euromoney Awards for Excellence are based on several criteria including financial indicators reflecting asset growth and profitability, and outperformance of peers in terms of growth and expansion, as well as customer satisfaction with banking products and services meeting their needs, ability to adapt to changing operating conditions, and capabilities for business development and introduction of innovative products, services and advanced payment solutions.

Euromoney editorial committee analyze and compare the above criteria among banks, in conjunction with Euromoney market knowledge and research to select top performers.

This award is a new addition to NBK’s rich record of prestigious awards, consolidating the bank’s unique position as a leading bank in Kuwait and the region, as well as a testimony of its excellence in providing innovative and advanced digital banking products and services.

National Bank of Kuwait has a dominant share in the local market across all business sectors thanks to its resilient business model, solid financial position, as well as its role in financing development projects, and outperformance of local and regional banks in key financial indicators, as reflected in all its top-notch banking products and services and advanced payment solutions provided to customers.

During the COVID-19 pandemic, the bank succeeded in strengthening its position as a leading provider of the best innovative banking services and solutions thanks to its digital superiority supported by a tremendous technological infrastructure built over many years, as part of implementing its digital transformation strategy, which made it fully prepared for these exceptional circumstances.

It is worth mentioning that NBK ranked 1st among Kuwaiti banks and 9th in the Middle East in the Banker’s List of Top 1000 World Banks.

Meanwhile, NBK continues to collectively enjoy one of the highest credit ratings among most major banks of the Middle East from the top three international credit rating agencies: Moody’s, Fitch and Standard & Poor’s. The Bank’s ratings are supported by its strong capitalization, prudent lending policies, disciplined approach to risk management, as well as its highly experienced and very stable management team. Additionally, the bank maintains its listing in The World's 50 Safest Banks.

The Euromoney Awards for Excellence are one of the most prestigious international awards recognizing top performers in the banking sector, which are granted by the reputable Euromoney, which has been a global leading finance and business magazine for over 50 years.

For more information about The Euromoney’s “Best Bank in Kuwait for 2021” Award please visit:

https://www.euromoney.com/awards/awards-for-excellence/awards-for-excellence-2021#mideast 

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