National Bank of Kuwait listed among world's 50 safest banks

For the 10th consecutive time, the National Bank of Kuwait (NBK) is among The World's 50 Safest Banks as listed by Global Finance, topping many of its international financial heavyweights.

Global Finance rankings are based on collective long-term credit ratings from Moody's, Standard & Poor's and Fitch Ratings in addition to the total assets of the 500 largest banks worldwide. Global Finance's listings have been well-recognized and trusted standards for the creditworthiness of financial institutions for more than 20 years.

NBK has one of the highest credit ratings in the Middle East and North Africa region and internationally with ratings of AA3 from Moody's, A+ from Standard and Poor's and AA- from Fitch. The bank's ratings are supported by NBK's conservative strategy, strong capitalization and asset quality, prudent lending policies, wise risk management and a highly stable management team.

The bank also has the widest banking presence with a worldwide presence in many of the world's leading financial centers including China, Geneva, London, New York, Paris and Singapore. Meanwhile, regional coverage extends to Bahrain, Egypt, Iraq, Jordan, Lebanon, Qatar, Saudi Arabia, Turkey and the UAE.