NBK named Bank of the Year in Kuwait

National Bank of Kuwait (NBK) was honored last week as Bank of the Year in Kuwait 2015 by Financial Times magazine The Banker.

The Banker awards are given to top regional performers each year at an awards ceremony in London. The ceremony has a high-powered guest list of prestigious global banking executives who are lauded for their financial achievements.

The Bank of the Year in Kuwait award was received by Fawzi Al Dajani,the general manager of NBK’s London operation. He accepted the award on behalf of the entire NBK organization.

The Banker wrote that NBK won the award in recognition of the financial institution's strong corporate banking services and reputation. NBK takes up an estimated 75 percent share of Kuwait’s corporate banking market and dominates corporate financing for the nation’s heavyweight oil and gas industry.

“NBK’s market-leading position in corporate banking in Kuwait was of particular note in 2014, with the lender acting as mandated lead arranger for a number of mega-deals,” The Banker said.

Another factor in NBK’s win is that the company boasts the highest collective ratings for any bank in the Middle East. That means all the major international credit rating agencies – Moody’s, Fitch and Standard & Poor’s – consider NBK among the region’s safest investment and banking outlets.