NBK offers emergency line of credit to support businesses and companies
In an aim to keep the wheel of Kuwaiti economy moving
KUWAIT: Committed to supporting customers and ensuring they receive the best banking services in any types of circumstances, National Bank of Kuwait has endeavored since the beginning of the global COVID-19 crisis to implement measures and solutions aimed at protecting the rights of customers and facilitate the completion of their banking transactions without interruption in line with the directives and guidelines issued by the Central Bank of Kuwait.
The bank has therefore introduced the Emergency Line of Credit to support customers affected by the current crisis. Customers who are affected and eligible to the credit comprise SME Business Banking and Kuwait National Fund (KNF) Customers,
Corporate Banking Customers and Private Banking Customers, all of which were operating efficiently prior to the COVID-19 crisis, add value to the national economy and create employment opportunities to the national manpower, and are today affected partially or fully by the crisis and therefore can no longer cover their contractual obligations under these circumstances. NBK aims through this step to assist these customers to meet their obligations such as salaries and rents due from March 2020 until December 2020 as well as due payments until the 31st of March 2020.
Speaking of the new credit, Ahmed Bourisly, General Manager, Corporate Banking Group at National Bank of Kuwait, said: “NBK is always committed to supporting its customers as part of its social and economic responsibilities, and to keep the wheel of Kuwaiti economy moving. The Emergency Line of Credit will therefore help businesses to overcome the crisis with minimal impact.”
Bourisly added that NBK is ensuring that customers remain safe during these circumstances and has made applying for the credit available on the bank’s website through the link: nbk.com/elc in which we have adopted the highest standards of confidentiality and security.
He stressed that customers who wish to apply for the credit should review the terms and conditions first before submitting the required documents for the bank to study them and provide a response at the earliest. Bourisly concluded by reaffirming that NBK is always committed to supporting companies operating in various sectors in their success and continuity, which has a positive impact on protecting the national manpower.
NBK initiative due to global COVID-19 crisis