NBK named Bank of the Year for 2011

National Bank of Kuwait (NBK) has been named "Bank of the Year" for 2011 by the prestigious Arabian Business Magazine for its continued strength and maintaining its leading franchise in Kuwait and the region.

Abdulla Al-Najran Al-Tuwaijri, NBK Deputy General Manager, Consumer Banking Group, received the award at a special ceremony held recently which was attended by a host of governmental and business leaders as well as media representatives.

Commenting on the occasion, Al-Tuwaijri said that winning the prestigious "Bank of the Year" award provides a source of immense gratification and pride. This award recognizes NBK's unique and leading position in the market as well as its impressive achievements and management expertise".

Arabian Business noted that the recognition of NBK as "Bank of the Year" for 2011  was based on the remarkable achievements scored by the bank and its leadership both in the domestic market and regionally despite the global financial crisis, and in view of its impressive recent growth.

In addition to boasting the largest local branch network comprising more than 70 branches in Kuwait, NBK currently has the largest and widest overseas banking network including 175 branches, representative offices and subsidiaries strategically located in 17 countries spread over four continents, including 10 countries in the Middle East.

NBK has consistently been awarded the highest credit ratings of all banks in the region by the major international rating agencies: Moody's, Standard & Poor's, and Fitch Ratings. In 2010, NBK has been awarded the “Best Bank in the Middle East” by international financial publications “Euromoney”, “Global Finance” and “The Banker”.