National Bank of Kuwait (NBK) was recognized as Best Provider of Money Market Funds in the Middle East 2012 by the world renowned financial magazine Global Finance for the second consecutive year. NBK is enlisted among the World’s Best Provider of Money Market Funds along with major international financial institutions such as JP Morgan Asset Management, Standard Bank, and Barclays Global Investors. For the sixth consecutive time, NBK has been listed among the 50 safest banks in the world for 2012. NBK ranked 34 on the list, illustrating the success of the bank’s conservative strategy, prudent risk management and dedication to service excellence.
The rankings, compiled by international finance magazine, Global Finance, are based on evaluations of long-term credit ratings-from Moody’s, Standard & Poor’s and Fitch Ratings-and total assets of the 500 largest banks worldwide. NBK ranked above several international financial heavyweights including BNP Paribas, Standard Chartered, Wells Fargo, Deutsche Bank, Credit Suisse, Barclays Group and Credit Agricole. 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.
*Source: Kuwait Times