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NBK listed on 50 world’s safest banks list

National Bank of Kuwait (NBK), the largest bank in Kuwait, was ranked 38th…

August 30, 2009 2:37 by

National Bank of Kuwait (NBK), the Gulf State’s biggest bank, was ranked 38th among the world’s top 50 safest banks according to a list published by Global Finance. The bank moved up six places from last year’s list.

Banks were judged according to their long-term credit ratings and total assets. Ratings from Moody’s, Standard & Poor’s and Fitch were also used.

A spokesperson for NBK said in an emailed statement: “For NBK to make it to the ‘top 50 safest banks in the world’ list two consecutive times confirms the Bank’s strong financial position and the prudent approach it has adopted over the years. NBK has a wide range of services and products accommodating its wide and diverse client base. We will continue to serve our clients keeping their best interest in mind.”

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