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/
© Press Release 2021
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