" Euromoney" recognizes NBK as Best Private Bank in Kuwait for 2009
National Bank of Kuwait (NBK) was recently recognized by the preeminent international finance magazine "Euromoney" as the "Best Private Bank in Kuwait for 2009", as published in its special issue on the top banks in wealth management and private banking services. NBK topped the list of nominees, outmatching renowned international banks such as HSBC, CITI, UBS and JPM Chase in the field of private banking services.
Commenting on this achievement, CEO of NBK-Kuwait, Isam Al Sager said that the National Bank of Kuwait takes pride in being selected the Best Private Bank in Kuwait for 2009, adding that receiving this prestigious award is an added honor to NBK particularly in light of the current global, regional and local economic and financial developments.
NBK's General Manager Private Banking Group, Malek Khalife, who received the prestigious award at a glittering award ceremony held recently in London, said that awarding NBK the prestigious title of " The Best Private Bank in Kuwait for 2009" constitutes a source of immense gratification and pride, adding that this award comes as a new recognition of NBK's unique and leading position in the market as well as its impressive achievements and management expertise.
In awarding NBK " The Best Private Bank in Kuwait for 2009", Euromoney cited in its special report for February 2008 that the selection of NBK as "The Best Private Bank in Kuwait" is mainly attributed to the leading position NBK enjoys in the field of wealth management and private banking locally as well as regionally in addition to the strongly-built and durable relationships it enjoys with its high net-worth clients, the volume of assets managed by the bank and the provision of a comprehensive range of wealth management products and solutions of the highest international quality.
Euromoney described NBK as " A firm that is uniquely recognized as one of a handful of Middle East banks that sets the standard for others to follow". In its summation of NBK's uniqueness and strength aspects, Euromoney further noted that " the impressive growth achieved by NBK Group during 2008 provides yet another evidence of the bank's remarkable performance and capability to maintain its leading position despite current difficulties for international financial markets and the challenges of the global financial crisis".
In addition to already boasting the largest local branch network comprising 69 branches in Kuwait, NBK currently has the largest and widest overseas banking network encompassing 155 branches, representative offices and subsidiaries strategically located within 17 countries spread over four continents worldwide, including 10 countries in the Middle East.