Global Finance, the renowned international financial magazine, has named the National Bank of Kuwait (NBK) the “Best Emerging Market Bank in the Middle East in 2011” for the second consecutive year.
In its exclusive annual survey of the world’s best banks, Global Finance chose the winners based on growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. All selections were made after extensive consultations with bankers, corporate financial executives and analysts throughout the world.
“We recognize these banks for their outstanding accomplishments,” said Joseph D. Giarraputo, Global Finance president and publisher. “Global financial markets are extremely difficult and conditions in each market may have differed but the winning banks were all noteworthy in their dedication to satisfying their customers’ needs.”
NBK ranked among major global banks such as JP Morgan Chase, Credit Suisse, Standard Chartered and HSBC.
“We remain in an unusually challenging environment for banks and their customers”, added Giarraputo. “More than ever, customers are demanding superior competence from their banking partners. These are the banks best providing that competence.”
NBK enjoys the highest credit ratings in the region by international rating agencies Moody's, Standard & Poor's, and Fitch Ratings.