For the third consecutive year, National Bank of Kuwait (NBK) was recognized as the Best Foreign Exchange Provider in Kuwait and the Middle East 2015 in an exclusive survey compiled by the world renowned financial magazine Global Finance. NBK is the only Arab bank enlisted among the World’s Best Foreign Exchange Providers.

The rankings, compiled by 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, Societe General, DBS, and Standard Bank.

“Facing a vastly-changed marketplace, FX providers are reinventing themselves to build market share and best meet the needs of their diverse client base,” says Joseph D Giarraputo, publisher and editorial director of Global Finance.

“Our award winners provide the technology and services that corporations can rely on to manage their FX exposures in markets worldwide,” he added.

NBK continues to collectively enjoy the highest credit ratings 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 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 ninth consecutive time.




Photo Credit: Arabianeye-Reuters