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Given the strong Support Factor and the 'AA-' Sovereign Rating for Kuwait, CI also affirms NBK's Long-Term Foreign Currency Rating (FCR) at 'AA-' and its Short-Term FCR at 'A1+'.
NBK is by far the largest bank in Kuwait, providing conventional banking services, and its asset base exceeds the aggregate figure for the four other Kuwaiti commercial banks.
The bank also announced that it has appointed NBK Kuwait CEO, Shaikha Khaled Al-Bahar, as the deputy group CEO.
Al-Bahar, who previously served as NBK Kuwait deputy CEO, has worked with the bank since 2003.
We are currently providing a range of services to Al Waab City, Al Waab Commercial District, Lagoona Mall, Al Rayyan village, Amwal Tower, The Pearl Qatar, Al Maha Academy and NBK Head Office to name a few, ranging from pre-occupancy services, integrated facilities management, building and systems commissioning to leasing and sales
The report, issued by the National Bank of Kuwait (NBK) said in global
The Treasury is also arranging an unspecified comprehensive and long term solution through a strategic partnership for NBK. The government has in the past considered merging the bank with other lenders in which the State has control or influence.
"Businesses have a different set of banking needs and at NBK we aim to meet the needs of Kuwait's young entrepreneurs now and in the future," said Bader Al Mutawaa, Assistant General Manager- Consumer Banking Group, National Bank of Kuwait.
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