National Bank of Kuwait (NBK) received the award of “Best Bank in Kuwait” for 2021, in the 28th annual survey of the reputable international magazine Global Finance, based on the input from a large panel of experts, analysts, corporate financial executives, bankers and banking consultants around the world.
In selection of the Best Banks in the Middle East, Global Finance relied on a set of objective criteria including: growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products.
Naming NBK for this prestigious award is a recognition of its continuous efforts to provide an exceptional banking experience to its customers, despite the unprecedented economic circumstances wrought by the COVID-19 pandemic.
The award of Best Bank in Kuwait for 2021, which is for the 10th year in a row, is an addition to NBK’s rich record of awards and recognitions, and manifestation of preserving its leading position and dominant share in the local market and across all business sectors.
Global Finance said that this year's awards highlight the leaders in restoring growth and mapping a way forward in the economic recovery from the pandemic.
Global Finance, founded in 1987 and headquartered in New York, is one of the most reputable magazines specialized in finance and economics. It has a circulation of 50,000 readers in 189 countries around the world, including senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions.
The magazine conducts various surveys annually about innovation and profitability for banks and financial institutions all over the world, based on which it selects top performers on the regional and international levels.
Meanwhile, NBK continues to collectively enjoy one of the highest credit ratings among all banks of the Middle East from the top three international credit rating agencies: Moody’s, Fitch Ratings 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. In addition, the bank continues to be in Global Finance’s list of the World's 50 Safest Banks.
For more information about Global Finance's Best Bank in Kuwait Award for 2021, please visit their website: https://www.gfmag.com/advertising/press-releases/
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© Press Release 2021