For the fourth consecutive year, National Bank of Kuwait (NBK) was named the Best Trade Finance Bank in Kuwait in 2012 by Global Finance, the renowned international finance magazine.
“We have selected the banks that are best serving the needs of corporations worldwide as they engage in cross-border trade,” said Joseph D. Giarraputo, Global Finance president and publisher. “Now more than ever, the availability of trade finance at reasonable prices is crucial to the health of the global economy.”
NBK was among Global Finance’s annual survey for best trade finance banks along with major global banks such as Citi, BNP Paribas, UniCredit Group and Standard Chartered. Criteria for choosing the winners included: transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies.
Global Finance highlighted NBK’s leadership status, thanks to its impressive performance, prudent management and conservative approach to risk. In 2011, NBK was named the Best Bank in the Middle East for the second consecutive year by the world’s premier financial voices: Global Finance, Euromoney and The Banker. NBK was also named one of the 50 safest banks in the world for the fourth time in a row.
NBK enjoys the highest credit ratings in the region by international rating agencies Moody's, Standard & Poor's, and Fitch Ratings. It has the largest overseas network encompassing more than 180 branches, representative offices and subsidiaries strategically located in 17 countries spread over four continents, including 10 countries in the Middle East.