KUWAIT: Recognizing its keen endeavors to adopt the most advanced banking services and solutions, National Bank of Kuwait (NBK) was named as “Market Leader” and “Best Service Provider” of Cash Management in Kuwait in Euromoney Cash Management Survey for Non-Financial Institutions 2023, which is considered a benchmark survey for the global cash management industry.

The Cash Management survey examines client feedback around financial services provided by banks to evaluate best cash management service providers and rank them based on the survey results across financial and banking markets.

The survey collects data from multiple qualitative and quantitative sources, including institutions and customers to build an objective assessment. The magazine’s team of editors then evaluate the data based on specific criteria and ranking across multiple categories and markets as a global benchmark for leading providers of cash management products and services across the banking and financial industry. This year, the survey collected responses from over 29,000 clients across different markets around the world.

NBK ranked first in 4 categories in the survey as to the quality of service provided to clients in Kuwait, maintaining its leading position as the best cash management service provider.

The results of this survey are the fruit of close cooperation with all the bank’s clients on a daily basis, and a testimony to the hard work and dedication of Group Treasury’s team, which exerts ongoing efforts towards implementing initiatives to improve operational efficiency and providing the best service to clients.

NBK Group Treasury continues to play a crucial role in ensuring to manage the bank’s financial resources in a highly effective and efficient manner, as well as helping to mitigate risk, maximize returns, and serve the bank’s future growth. Group Treasury also strives continuously to develop its technologies and infrastructure to offer high-quality services and ensure utmost customer satisfaction. In addition, it works on developing cash management solutions to expedite cash flows, increase liquidity and mitigate credit risk. This is coupled with its consistent endeavors to grow its global customer base, develop FX electronic trading platforms to meet all the needs of its clientele.

Euromoney, which has been a leading global finance and business magazine for over 50 years, conducts an annual survey asking cash managers, treasurers, and financial officers worldwide to rank and assess their top providers of cash management services, both in financial and non-financial institutions. This survey complements Euromoney’s annual “Awards for NExcellence” recognizing top performers in the banking sector.