This strong performance is attributed to the bank's conservative strategy as a member of the NBK
This is also a testimony to NBK
Group's successful regional expansion strategy, with Egypt as one of its main pillars considering the strong outlook and promising growth opportunities that the Egyptian market offers.
Through the facility, the EBRD will issue guarantees in favour of international commercial banks covering the political and commercial payment risk of the transactions undertaken by NBK
Al Fulaij enjoys an extensive experience in banking and finance as he has joined NBK
in 1985 and held several key positions at the bank since then.
OThe bankOs strong results affirm the success of NBK
GroupOs regional expansion strategy that is built on a culture of prudence and strict risk management practices.
The opening of the new UAE head office in Dubai comes in line with NBK
strategy to strengthen its position in the regional markets," said Al Sager.
is the only Kuwaiti company among the top ten Investor Relations companies in the region.
Group Chief Executive Officer, said, "NBK
-Bahrain's performance is clear evidence that our regional expansion strategy is successful and rewarding despite the difficult operating environment in the region.
Capital, an investment fund owned by National Bank of Kuwait (NBK
), on Monday said it acquired a 20 percent stake in Turkish aquaculture firm Kilic Deniz.
The new award reflects unprecedented global consensus on selecting NBK
as the best bank in the Middle East for 2010 by the three largest international institutions; "The Banker", "Euromoney" and "Global Finance" that selected NBK
as the Safest Bank in the Arab World for the second consecutive year.
Ibrahim Dabdoub, NBK
Group chief executive officer, said, "This is another impressive performance by NBK
in a challenging environment.
Moody 's rating action clarified that despite NBK
's limited exposure to the investment companies sector, the agency remains concerned on the corporate sector 's links to the investment companies which are in many cases subsidiaries of these larger corporate.