The award is a reaffirmation of NBK’s leadership as a provider of best-in-class services and solutions to clients
NBK is reaping the fruits of its huge investments in developing its infrastructure
The bank retains the best cadres that enabled it to achieve 10 consecutive wins of the award
National Bank of Kuwait (NBK) won the “Best Foreign Exchange Provider in Kuwait for 2022” award for the 10th year in a row. An annual survey by the reputable international magazine Global Finance, based on the input of industry analysts, corporate executives and technology experts around the world.
Global Finance magazine has named its 22nd annual survey for World’s Best Foreign Exchange Providers in 113 countries including 7 different global regions, as well as the winning providers for FX research, analysis and FX trading technology.
Criteria for choosing the Foreign Exchange Providers Award winners for 2022 includes transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies. Global Finance also considered input from industry analysts, corporate executives and technology specialists.
NBK was listed among the World’s Best Foreign Exchange Providers, and the best bank in the Middle East in terms of providing FX market services along major international financial institutions such as Citibank, HSBC, BBVA and Société Générale.
Holding this prestigious award for the 10th year in a row is a reaffirmation of NBK’s leadership both locally and regionally, as the best provider of innovative banking solutions to its clients.
The bank is reaping the fruits of its huge investments in developing its infrastructure in line with its strides to provide high-quality services to its clients. Additionally, the significance of human capital investments, including the best banking cadres who enabled it to hold the award for 10 consecutive years.
It is worth mentioning that the disruptions caused by the COVID-19 pandemic over the last two years impacted cross-border trade and supply chains around the world. NBK’s stature reasserted the importance of having a reliable banking partner, which boasts a broad geographical footprint enabling it to provide support to its clients and offer wide-spectrum solutions to help them weather these disruptions.
NBK Group Treasury strives to grow its global customer base, and works continuously to develop FX electronic trading platforms to meet all the needs of its clientele. It also works to provide investment products and hedging solution to serve the customized requirements of its clients and to expand the breadth of its investment products.
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 193 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.
For more information about Global Finance’s Best Foreign Exchange Provider Award 2022, please visit their website: https://www.gfmag.com/
© Press Release 2021
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