Al-Fulaij: Award reflects NBK's strong results and its promising future

KUWAIT: National Bank of Kuwait (NBK) was named the "Best Bank in Kuwait - 2019" by Global Finance, as it unveiled its 26th annual listing of the best banks in 150 countries.

Winners in the World's Best Banks Awards 2019 were selected based on objective criteria considering the following aspects: growth in assets, profitability, geographic reach, new business development and innovation in products. Moreover, Global Finance's editorial review board relies on the opinions of equity analysts, credit rating analysts, banking consultants and other key banking executives.

This year's winners demonstrated their ability to attentively meet their customers' needs and achieve positive financial results in addition to their good future planning, despite the unfavorable operating conditions in the markets in which they operate.

NBK-Kuwait CEO Salah Al-Fulaij said: "Winning the "Best Bank in Kuwait - 2019" award is a strong testament of the trust our customers place in The bank and a reflection of NBK's strong results and its promising future. It also proves our unwavering ability to meet rising challenges through prudent planning for the future by following our path to successfully complete our digital transformation journey as part of NBK's diversification strategy."

"Our focus on digital transformation is a key element in maintaining our leadership which we gained through positioning ourselves ahead of our peers through providing the best banking services and products", Al-Fulaij added stressing that the rapid pace of technological advancement poses additional challenges, especially as the bank strives to ensure the utmost safety and security measures to its customers. Founded in 1987 and headquartered in New York City, Global Finance is one of the leading financial magazines with a mission to publish specialized economic reports and analysis. Its monthly circulation exceeds 50,000 in over 188 countries around the world.

The awards ceremony will be held on the sidelines of the annual meetings of the International Monetary Fund and the World Bank in Washington, DC, next October.