NBK named best trade finance bank in Kuwait for 2021

In the annual survey of GTR magazine specialized in global emerging markets and trade finance

  

National Bank of Kuwait (NBK) was named “Best Trade Finance Bank in Kuwait for 2021” in the annual survey of Global Trade Review (GTR) magazine specialized in global emerging markets and trade, commodity finance and transaction banking.

GTR’s selection of NBK as one of the leading banks in the Middle East and North Africa (MENA) region in the area of trade finance, was based on surveys of customers and market-specialized institutions worldwide.

The GTR Leaders in Trade awards highlight excellence in the trade, commodity, supply chain and export finance, and fintech markets.

It is worth mentioned that, despite the challenges imposed by the COVID-19 pandemic on global trade, NBK contributed to mitigating its impacts by continuing to provide trade finance services to various customer segments to weather this crisis, with priority given to medical supplies and foodstuff.

The bank also continued to lead major syndicated financings and provide banking facilities for mega projects in a number of sectors, including the oil sector, the latest of which was the syndicated facilities arranged for Kuwait Petroleum Corporation (KPC) amounting KD 1 billion.

In addition, the bank fully employed its global platform and widespread network to help its customers ensure their transactions are made, despite working remotely, and the disruptions in global supply chains resulting from the pandemic.

GTR is a reputable global trade finance magazine that publishes reports and analyses on trade export, commodity and supply chain finance, as well as trade credit insurance, treasury and fintech markets. Each year GTR recognises the market’s pioneering institutions and top performers from around the world in the GTR Leaders in Trade Awards and GTR Best Deals Awards.

It is worth mentioning that NBK was also named Best Trade Finance Provider in Kuwait for 2021 in the annual survey of the reputable international finance magazine Global Finance. The rankings are based on input from industry analysts, corporate executives and technology experts worldwide.

For more information about (GTR) magazine Best Trade Finance Bank in Kuwait for 2021, please visit their website: https://www.gtreview.com/leaders-in-trade-country-awards/ 

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases