Bank conveniently and safely with NBK Business ATMs

missed bond payment and analysts say the move signals a clear path for tackling high corporate debt levels, which the Bank for International Settlements estimates at 1.6 times the size of the economy.

“If you own the wrong stuff you’re in trouble because they are not going to bail you out any more,” said Joshua Crabb, head of Asian equities at Old Mutual Global Investors.

No panic

Crabb, however, remains bullish on China. Likewise, Aberdeen’s Wolf says China is “too big to ignore” and will look for select opportunities in other sectors aligned to policy priorities, such as consumption and technology, while avoiding the small banks that lose business as corporates deleverage. A key reason is that, unlike during the 2015 “Black Monday” stock market sell-off, there are fewer reasons to panic. Back then, valuations were 25 percent higher and China’s capital account was more open, allowing the sell-off to spill over into the foreign exchange market and damage investor confidence. China has since made it harder to move money overseas - September’s crackdown on cryptocurrencies being the latest move to close an exit route - so policymakers have better hopes of keeping the yuan stable. “Depreciation fears have somewhat alleviated and policy makers have been doing a great job in terms of managing outflows and changing overall expectations,” said Jean-Charles Sambor, deputy head of emerging market debt at BNP Paribas Asset Management.

He said, however, that the recent announcements warranted a switch to government debt from corporate debt as he expected default rates to rise, while public debt should benefit from being included in MSCI’s widely used bond indexes. — Reuters KUWAIT: National Bank of Kuwait supports Kuwait’s growing community of young entrepreneurs through services especially tailored to the needs of small to medium businesses. Now Business Banking account holders at NBK can apply for numerous cards that allows them access to do their banking transactions at more than 95 automated teller machines (ATMs) across Kuwait and online

These Business Banking-dedicated ATMs allow businesses to deposit, withdraw or transfer funds 24 hours, seven days a week. Customers may also view their accounts through inquiry options and make online transactions. “Businesses have a different set of banking needs and at NBK we aim to meet the needs of Kuwait’s young entrepreneurs now and in the future,” said Bader Al-Mutawaa, Assistant General ManagerConsumer Banking Group, National Bank of Kuwait. “We are continuously developing digital banking options that provide safe, secure access for our customers as part of the Bank’s long term strategy.

NBK’s Business Banking-dedicated ATM KUWAIT: Burgan Bank will soon be announcing the lucky winner of its AlThuraya Salary Account. The winner will be granted a Nissan Patrol SUV. The draw rewards new and existing customers who transfer their salary to Burgan bank a chance to win a Nissan Patrol SUV every month.

The draw is part of Burgan Bank’s approach of rewarding loyal customers with higher chances of winning while encouraging new customers to benefit from the bank’s unique offerings. With the monthly draw, every KD 10 available in the account provides the customer a chance to win.

The Al-Thuraya Account’s features range from the option to hold money in Kuwaiti dinar and any other major currencies, access to account-related services such as standing orders, loans and credit cards and much more.

Established in 1977, Burgan Bank is the youngest commercial Bank and second largest by assets in Kuwait, with a significant focus on the corporate and financial institutions sectors, as well as having a growing retail, and private bank customer base. Burgan Bank has majority owned subsidiaries in the MENAT region supported by one of cards that provide customers with another reliable and secure cash flow management tool while also ensuring full privacy and convenience. Business Banking accounts will also receive ATM cards that can be personalized.

Businesses may also utilize ‘limited ATM cards ‘ where messengers can pay for necessary government related transactions and can only deposit securely without receipt showing balances, for private and secure banking.

NBK Business Banking offers a range of services and payment solutions for local businesses that includes POS and payment gateway. They can also apply for NBKs salary portal, providing an efficient, secure and convenient way to pay employee salaries online.

As part of its commitment to a safe and stable business environment for Kuwait, NBK also provides businesses insurance including buildings, stocks, business interruptions, cash cover, fidelity and life insurance. Customers can apply for a business banking account by visiting the award-winning interactive NBK.com website. the largest regional branch networks.

The Bank has continuously improved its performance over the years through an expanded revenue structure, diversified funding sources, and a strong capital base. The adoption of state-of-the-art services and technology has positioned it as a trendsetter in the domestic market and within the MENA region. Burgan Bank’s brand has been created on a foundation of real values - of trust, commitment, excellence and progression, to remind us of the high standards to which we aspire. ‘People come first’ is the foundation on which its products and services are developed. The bank was re-certified with the prestigious ISO 9001:2008, making it the first bank in the GCC, and the only bank in Kuwait to receive such accreditation for the third consecutive year. The Bank also has to its credit the distinction of being the only Bank in Kuwait to have won the JP Morgan Chase Quality Recognition Award for twelve consecutive years.

Burgan Bank, a subsidiary of KIPCO (Kuwait Projects Company), is a strongly positioned regional Bank in the MENA region.