Printer Friendly

"Global Finance" names NBK Best Emerging Market Bank in the Middle East 2010.

The leading US- based Global Finance has selected the National Bank of Kuwait (NBK) as the Best Emerging Market Bank in the Middle East for 2010. Global finance stated that the remarkable and consistent growth achieved by NBK is a clear testament to the Bank's continued strength in the face of adversity as well as NBK's capacity to maintain its leading franchise, consistent profitability, strong asset quality, conservative risk profile and strong capitalization NBK also boasts the largest local and overseas branch network encompassing 175 branches, subsidiaries and representative offices located in the main international and regional financial centers.Aa

Commenting on the occasion, NBK Group CEO, Ibrahim Shukri Dabdoub said that it was deeply gratifying for NBK to be selected as the Best Emerging Market Bank in the Middle East for 2010. Dabdoub added that winning such a prestigious ranking, despite the global financial crisis and its ramifications on both regional and international levels, provides further acknowledgment of the Bank's financial solid position and the soundness of its policies and expansion strategies.

"Winning this distinctive ranking also emphasizes the uniqueness of the services and products we offer to our clients and provides a clear indication of NBK's high professional standards that have won the admiration and recognition of the leading international media andAa financial institutions", Dabdoub concluded.

NBK was ranked by Global Finance as 38th in the list of the World's 50 Safest Banks in 2009 in addition to being selected amongst the World's Best Banks for the same year. Despite the adverse conditions in the global financial system, NBK has also reported net profits of US$ 925 million (KD 265.2 million) for 2009.Aa 2010 Al Bawaba (www.albawaba.com)

2009 Al Bawaba (Albawaba.com)

Provided by Syndigate.info an Albawaba.com company
COPYRIGHT 2010 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2010 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Albawaba.com
Date:Apr 7, 2010
Words:296
Previous Article:BUILDEX 2010 to reveal top Middle East construction opportunities as sector aims for 3.5 per cent annual growth.
Next Article:Nomura announces new management appointments in equities.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters