BusinessWeek: NBK is in list of the world's safest banks 2009
National Bank of Kuwait (NBK) has been reported one of the world’s safest banks 2009 by BusinessWeek. NBK is the only GCC and Arab financial institution that has been ranked among the world’s top fifty safest banks in the world, according to the leading US-based Global Finance magazine.
“It is an extremely proud moment for NBK and for the banking sector in Kuwait. There is no other bank in the entire GCC and MENA region to have made it to the list,” said Shaikha Al Bahar, NBK’s Deputy CEO.
In a world economy plagued by troubles in the global financial system, the words “safe” and “bank” are rarely put together. The shakeup of banking systems around the world raises the question of which banks are the safest? For the past 17 years, Global Finance has compiled a list of the World’s 50 Safest Banks, and for the first time ever deemed it necessary to publish a mid-year list.
Global Finance publisher Joseph D. Giarraputo was cited in the press release as saying, “The rating agencies have determined these banks have demonstrated a more prudent and sustainable approach to risk than their peers.”
“For NBK to be in the top 50 safest banks in the world reflects the Bank’s strong financial position and prudent approach it has adopted over the years. NBK has a wide range of services and products for its wide and diverse client base. We will continue to serve our clients keeping their best interest in mind,” added Al Bahar