My Tools

  • Loans Calculator

    Calculate the loan amount you can borrow or alternatively, the monthly payments you can afford.

    How much can i... borrow afford
    KD

    You can borrow only a maximum amount of.

    Calculate

    Rate of interest is 5.0% pa.

    KD
    KD
    24 Months

    Adjust repayment tenure to change EMI

    This is for demonstrative purpose only. Call 1801801 or visit a branch for exact calculations.

  • Term Deposit Calculator

    This is for demonstrative purposes only. Call 1801801 or visit a branch for exact calculations.

  • I would like to apply
  • Branch / ATM Locator
  • Al Jawhara

    Al Jawhara, Kuwait's Best Prize!

    KD
    Calculate

    The minimum deposit is KD 50 and for 1 month. Terms & conditions apply.

  • Weather

    oC Feels like
    oC

    Humidity %
    Wind From
    Wind Speed kph
    Sunrise
    Sunset
    Updated:
  • Prayer Timings

    Kuwait Prayer Times
    Saturday, 1,2014

    • Fajr 04:39 AM
    • Sunrise 06:00 AM
    • Dhuhr 11:32 AM
    • Asr 02:39 PM
    • Maghrib 05:03 PM
    • Isha 06:33 PM
  • Ask a Question
  • Market Indices
    Price: 970-10
    Open: 980High: 980
    Low: 970Close: 970
    Volume: 1,734,278
    • Summary
      StatusIndexChange %Volume
      Market Closed6446.80 142,118,613
    • Top Gainers

      Company Chg. % Cur. Price
      IPG5.62470
      TAIBA584
      KCIN41040
      ITHMR452
      TAHSSILAT3.8082
      NAPESCO3.51590
      PEARL3.4515
      LOGISTICS3.39122
      MADAR3.3346.50
      POULT3.26190
    • Top Losers
      Company Chg. % Cur. Price
      MASHAER 6-12.219999161.081009
      MASHAER 3-10.64159.540009
      CITYGROUP-5.68415
      SGC-5.36106
      ENERGYH-5.1592
      FIRSTDUBAI-5.1093
      EQUIPMENT-4.48128
      JEERANH-4.1170
      BPCC 6-4734.039978
      URC-3.85100
    • By Volume
      Company Volume Price
      GFH`R27,568,78931.50
      ALMAL`R7,639,29952
      SENERGY`R6,775,69729
      NINV`R5,138,412172
      COAST`R5,128,26078
      KSHC`R4,607,70929
      SAFRE`R3,818,00332.50
      ITHMR`R3,571,64252
      MANAZEL`R3,559,46159
      KINV`R3,217,984156
  • Currency Converter

    Error: Generic error message here.

    10000

    Click here to view the Currency Rates

News

Standard & Poor’s: NBK’s ratings affirmed on criteria change, outlook stable

• Standard & Poor’s: NBK’s ratings reflect its strong business position, capital, and earnings, as well as its adequate risk position, funding, and liquidity
• The stable outlook reflects our belief that NBK’s overall business and financial profile will remain resilient
• NBK’s asset quality has proven resilient unlike most of its domestic peers


Following a review of all banks and financial institutions in the MENA region, the credit rating agency Standard & Poor’s affirmed the long-term credit ratings of National Bank of Kuwait (NBK) at A+. All the bank’s ratings carry a stable outlook.
“Our ratings on NBK reflect its strong business position and capital and earnings, as well as its adequate risk position, funding, and liquidity,” said Standard & Poor’s in its latest report on NBK. “The stable outlook reflects our belief that NBK’s overall business and financial profile will remain resilient through the cycle,” the agency added.
Standard & Poor’s stressed that NBK enjoys an adequate risk position with a proven track record of resilience. NBK’s nonperforming loans/gross loans ratio was a low 1.6% on June 30, 2011, with good coverage of provisions.
Standard & Poor’s said: “NBK’s balance sheet size and business position enable it to cherry-pick the highest-quality customers. Additionally, we note that the bank’s asset quality has proven resilient so far, unlike most of its domestic peers.”
The agency pointed out that NBK’s “business position is strong, underpinned by the bank’s leading position in Kuwait, long track record of good and stable performance, and good management.” It added that NBK is the largest bank in Kuwait. NBK’s earnings by segment and geography tend to be well diversified.
Standard & Poor’s assesses NBK’s capital and earnings as strong. “We assume NBK will continue to conservatively manage its domestic and overseas organic growth.”
NBK has consistently been awarded the highest credit ratings of all banks in the region by the major international rating agencies: Moody's, Standard & Poor's and Fitch Ratings. In 2011, NBK was recognized as the “Best Bank in the Middle East” by leading international financial publications Euromoney, Global Finance and The Banker for the second consecutive year.

Back
Send to a Friend Print this page

Send to a Friend