NBK named ‘Best Trade Finance Bank in Kuwait in 2020’

KUWAIT: National Bank of Kuwait (NBK) has been recognized as the “the Best Trade Finance Bank in Kuwait in 2020” by Global Finance, the renowned international finance magazine. The rankings are based on input from industry analysts, corporate executives and technology experts.

Global Finance named NBK as one of world’s and MENA best trade finance providers in its 20th annual survey that comprised 97 countries and eight regions around the world.

Criteria for choosing the winners included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies. The award is a recognition of the bank’s innovative and disruptive banking solutions and highquality services that fulfill the clientele needs. Last year, NBK had arranged and lead-managed a number of mega loan facilities in Kuwait and the Middle East.

NBK has been consistently awarded the highest credit rating of all banks in the region from Moody’s, Standard & Poor’s, and Fitch Ratings. The bank’s ratings are supported by its high capitalization, prudent lending policies, its disciplined risk management approach, in addition to its highly experienced management team. NBK also maintains its position as one of the world’s 50 safest banks for the 14th consecutive year. Global Finance, founded in 1987, has a circulation of 50,000 and readers in 188 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance, headquartered in New York, regularly selects the top performers among banks and other providers of financial services.