KUWAIT: National Bank of Kuwait (NBK) was recognized as the Best Foreign Exchange Provider in Kuwait and the Middle East in 2016 in an exclusive survey compiled by the world renowned financial magazine Global Finance. The rankings, compiled by the international finance magazine, Global Finance, are based on input from industry analysts, corporate executives and technology experts. Criteria for choosing the winners included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.
NBK is the only Arab bank enlisted among the World's Best Foreign Exchange Providers along with major international financial institutions such as Citi, Deutsche Bank, Merrill Lynch, Societe General, Nordea, DBS, ANZ and Standard Bank.
NBK continues to collectively enjoy the highest credit ratings from the top three international rating agencies; Moody's, Fitch Ratings and Standard and Poor's. The Bank's ratings are supported by its high capitalization, prudent lending policies, and its disciplined approach to risk management, in addition to its highly recognized and very stable management team. NBK also maintains its position among the 50 safest banks in the world for the eighth consecutive year.
World's Best Foreign Exchange Providers 2016 by Global Finance:
Middle East -- National Bank of Kuwait
North America -- Bank of America Merrill Lynch
Western Europe -- Deutsche Bank
Asia-Pacific - ANZ
Central and Eastern Europe -- Societe Generale
Southeast Asia -- DBS BANK
Nordic countries -Nordea
Africa -- Standard Bank
and Latin America- Citi.