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  • Market Indices
    Price: 87030
    Open: 840High: 870
    Low: 840Close: 870
    Volume: 4,759,621
    • Summary
      StatusIndexChange %Volume
      Market Closed6446.80 454,955,789
    • Top Gainers

      Company Chg. % Cur. Price
      QURAINHLD17.2417
      ALDEERA1614.50
      SENERGY12.8222
      ADNC12.2023
      INVESTORS11.9023.50
      SAFRE11.9023.50
      GFH10.6426
      MAYADEEN10.2027
      EQUIPMENT10110
      ALSALAM9.8056
    • Top Losers
      Company Chg. % Cur. Price
      CABLETV-10.2635
      AGLTY 3-10727.020020
      TAHSSILAT-8.6253
      ALNAWADI-7.14130
      KFIC-6.1561
      HUMANSOFT-6.10385
      CATTL-5.41140
      KMEFIC-5.3844
      GGMC-5.10465
      ABAR-4.59208
    • By Volume
      Company Volume Price
      ALDEERA`R54,206,44414.50
      GFH`R49,660,31826
      SAFRE`R30,518,89623.50
      SENERGY`R24,528,58822
      ITHMR`R18,306,03346.50
      VIVA`R14,432,228540
      ADNC`R11,498,67123
      MAYADEEN`R11,189,48127
      ABYAAR`R9,778,70433
      COAST`R9,451,02459
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News

Standard & Poor’s affirms NBK’s ratings, outlook stable

 

Standard & Poor’s, the international credit rating agency, affirmed the long-term credit ratings of National Bank of Kuwait (NBK) at A+. All the bank’s ratings carry a stable outlook.
“Our outlook on NBK is stable, reflecting our belief that its overall business and financial profile will remain resilient and generally unchanged over the next 12-24 months,” said Standard & Poor’s in a recent report on NBK.
The agency pointed out that NBK’s major rating strengths include the leading commercial position in its domestic market, strong capitalization on the back of good earning capacity, and more resilient asset quality than that of its peers.
Standard & Poor’s said that “NBK's business position is strong. We believe the bank's business position will remain stable, underpinned by its leading position in Kuwait, long track record of good and stable performance, as well as good and experienced management.”
“We assess NBK's capital and earnings as "strong," mainly based on the bank's level of capitalization and profitability,” the agency added. “NBK is the largest bank in Kuwait, with $48.8 billion of consolidated assets on December 31, 2011, and market shares in loans and deposits exceeding 25%. Earnings by segment and geography tend to be well diversified.”
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 2012, NBK moved up 14 positions to rank 33 among the 50 safest banks in the world. NBK is the only Arab bank to be listed among the world’s 50 safest banks five times in a row.

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