“The Banker” names NBK Bank of the Year in the ME for 2011

For the second consecutive year, the leading and internationally renowned Financial Times magazine "THE BANKER" has selected National Bank of Kuwait (NBK) as "The Bank of the Year in the Middle East" and "Bank of Year-Kuwait" for 2011 amongst the latest list of the World's Best Banks for 2011.

The prestigious Banker award was presented to Fawzi Dajani, NBK London GM, on behalf of NBK, at a glittering awarding ceremony specially held in London for the occasion and attended by a host of international and regional senior bankers and executives.

This award reflects unprecedented global consensus on selecting NBK as the best bank in the Middle East for two consecutive years by the three largest international institutions; "The Banker", "Euromoney" and "Global Finance". NBK also has been consistently awarded the highest credit rating of all banks in the region by the major international rating agencies; Moody's, Standard & Poor's, and Fitch Ratings.

This unprecedented global consensus on naming NBK Bank of the Year  in the ME for two consecutive years is a testament of the prestigious status NBK enjoys amongst world banks.

In selecting NBK for the award, The Banker said that NBK deservedly won the title of "The Bank of the Year in ME and In Kuwait" for 2011 mainly due to its strong performance prudent risk approach as well as its local and regional leadership.

"The title reflects the position NBK enjoys among international banks. It is also a culmination of the bank's overall progressive performance, strong financial position, high asset quality and clear strategy. Furthermore, the award comes as a recognition for the best performing banks worldwide" The Banker said.