NBK the only Arab bank among world’s best forex providers

The Best in Kuwait and Mid­dle East by Global Finance

Kuwait Times - - BUSINESS -

Na­tional Bank of Kuwait (NBK) was rec­og­nized as the Best For­eign Ex­change Provider in Kuwait and the Mid­dle East in 2016 in an exclusive sur­vey com­piled by the world renowned fi­nan­cial mag­a­zine Global Finance. The rank­ings, com­piled by the in­ter­na­tional finance mag­a­zine, Global Finance, are based on in­put from in­dus­try an­a­lysts, cor­po­rate ex­ec­u­tives and tech­nol­ogy ex­perts. Cri­te­ria for choos­ing the win­ners in­cluded trans­ac­tion vol­ume, mar­ket share, scope of global cov­er­age, cus­tomer ser­vice, com­pet­i­tive pric­ing and in­no­va­tive tech­nolo­gies.

NBK is the only Arab bank en­listed among the World’s Best For­eign Ex­change Providers along with ma­jor in­ter­na­tional fi­nan­cial in­sti­tu­tions such as Citi, Deutsche Bank, Mer­rill Lynch, So­ci­ete Gen­eral, Nordea, DBS, ANZ and Stan­dard Bank.

NBK con­tin­ues to col­lec­tively en­joy the high­est credit ratings from the top three in­ter­na­tional rat­ing agen­cies; Moody’s, Fitch Ratings and Stan­dard and Poor’s. The Bank’s ratings are sup­ported by its high cap­i­tal­iza­tion, pru­dent lend­ing poli­cies, and its dis­ci­plined ap­proach to risk man­age­ment, in ad­di­tion to its highly rec­og­nized and very sta­ble man­age­ment team. NBK also main­tains its po­si­tion among the 50 safest banks in the world for the eighth con­sec­u­tive year.

World’s Best For­eign Ex­change Providers 2016 by Global Finance: Mid­dle East — Na­tional Bank of Kuwait North Amer­ica — Bank of Amer­ica Mer­rill Lynch West­ern Europe — Deutsche Bank Asia-Pa­cific - ANZ Cen­tral and East­ern Europe — So­ci­ete Gen­erale South­east Asia — DBS BANK Nordic coun­tries -Nordea Africa — Stan­dard Bank and Latin Amer­ica- Citi.

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