Global Finance Magazine's annual survey

KUWAIT: National Bank of Kuwait (NBK) was awarded the excellence in banking innovation for payment services by Global Finance Magazine, during its annual survey with input from hundreds of industry analysts, senior advisors and corporate executives from around the world.

NBK was selected as the best bank in 2019 in Real Time End-To-End Payment Tracking on Customer Payment which allow customers to track their transfers every step of the way.

Global Finance announced the winner of the World's Best Digital Banking and the Most Innovative Digital Bank in its seventh annual awards recognizing the most innovative organizations in the following sectors: Cash Management, Payments and Trade Finance, Corporate Finance and Islamic finance.

Dimitrios Kokosioulis, Deputy CEO, Group Head of Operations & IT at NBK said "This prestigious award is a testament to NBK's ability to excel in innovative digital services, as it recognizes our successful digital transformation initiatives aimed at providing our customers with the best banking services.".

"Digital innovation is a main pillar of the Bank's strategy to maintain our leadership in digital banking across regional and global markets through adopting and implementing the latest state-of-the-art banking technologies throughout all NBK's operations,"he added.

NBK has always strived to offer the best services and products that meet customers' needs, pioneering as the first Kuwaiti bank to introduce the latest technologies in electronic payments and direct transfers. NBK is the first bank in Kuwait to offer transfer tracking through its digital channels, including: NBK Online Banking, NBK Mobile Banking and NBK Corporate Online Banking, thus allowing customers to know their transfer status with NBK Swift Tracking in a fast and secure manner.

Global Finance Global Finance, founded in 1987, has a circulation of over 50,000 and readers in 188 countries. Global Finance's audience includes senior corporate and financial officers responsible for making investment strategic decisions at multinational companies and financial institutions. Global Finance is headquartered in New York, with offices around the world.

NBK continues to enjoy collectively one of the highest ratings among all banks in the Middle East from the 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 asset management, in addition to its highly recognized and very stable management team. NBK was also named among Global Finance's list of the 50 safest banks in the world for thirteen consecutive times and was awarded as the Best Bank in Kuwait in 2018 by the Banker, Euromoney and Global Finance.