KUWAIT: Leading magazine Global Finance, recognized for its focus on financial markets and investment banking, has presented NBK Wealth Group with the prestigious Best Private Banking Services Award in Kuwait. This accolade was unveiled during the tenth edition of the magazine’s annual awards, which celebrate the World’s Best Private Banks 2025.
Global Finance announced the winners across various regional categories, drawing on comprehensive evaluations by the magazine’s editorial team. The selection process incorporated insights from hundreds of banking experts, officials, analysts, senior advisors, and executives worldwide, alongside independent research. This year’s rankings considered both objective and subjective factors, assessing performance from July 1, 2023, to June 30, 2024.
NBK Wealth received this prestigious accolade based on several key criteria, primarily its excellence in delivering private banking services. The award recognizes the Group’s ability to meet the needs of high-net-worth clients while adapting to their evolving aspirations through innovative solutions.
The award underscores the strength of NBK Wealth brand, the largest wealth management group in Kuwait and one of the largest in the region. This recognition is bolstered by the legacy of NBK Group, a leading institution both regionally and globally, known for its long history of achievements and international accolades in the banking sector. The award also highlights NBK Wealth Group’s distinctive strategy in providing an extensive array of comprehensive private banking solutions. These include financial planning, wealth management, and investment advisory services, all supported by a global network of integrated operations spanning nine cities across five countries worldwide.
NBK Wealth serves as a vital pillar of the NBK Group and stands as one of the leading wealth management companies in the Middle East. With over $20 billion in Assets Under Management (AUM) as of the end of 2023, it boasts a broad geographical presence across nine cities in five countries. The group provides a comprehensive range of services, including private banking, financial planning, asset management, and advisory services. Adopting a customized, solution-focused approach, NBK Wealth is dedicated to addressing the individual needs of each client, ensuring alignment with the unique financial goals of high-net-worth individuals and institutions.
NBK Wealth Group is committed to addressing the financial and investment needs of high-net-worth individuals by offering comprehensive and tailored solutions designed to meet their unique requirements. The Group focuses on delivering results that align with each client’s ambitions while considering their individual risk profile and financial objectives. The Group’s mission extends beyond merely aiming to enhance its customers’ wealth; it aims to be the premier and trusted choice in wealth management. This is achieved by delivering innovative, specialized, and comprehensive solutions that evolve with customers’ needs. The Group is dedicated to creating added value, making a positive impact, and aiming to support clients building legacies that will endure across generations.
Global Finance magazine, established in 1987 and based in New York, is a highly regarded publication focused on the finance and economics sectors. With a readership exceeding 50,000 executives and strategic decision-makers in financial institutions across 193 countries, the magazine plays a crucial role in the industry. Each year, it conducts numerous surveys on innovation and profitability among banks and financial institutions worldwide, culminating in the selection of the best performers at both regional and global levels.
NBK Wealth is a brand registered under the name of National Bank of Kuwait SAKP ("NBK”), for use by the Asset Management business of, among other NBK group entities, Watani Investment Company KSCC, a leading investment firm and its affiliates worldwide, combined with the Private Banking services of NBK worldwide, which is one of the largest and oldest financial institutions in the region.