NBK acknowledges Central Bank’s risk credit procedures
The National Bank of Kuwait’s (NBK) Deputy Chief Credit Risk Officer Hesham Barakat said that the Central Bank of Kuwait closely watches the banking sector units in terms of risk credit, which emphasizes and enhances its role in monitoring the local banking sector and protecting it from economic variables more professionally.
Speaking at the sidelines of NBK’s training program for business journalists, Barakat said that NBK was one the most conservative banks in terms of credit, adding that this helped steer the bank through rapid local and international developments, especially since the bank has branches in four continents. The training program is held from October 22, 2016 and to April 1, 2017.
NBK’s Deputy Chief Credit Risk Officer Hesham Barakat