S&P Affirms Stable Outlook For National Bank of Kuwait

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.

NBK ratings reflect its strong business position, asset quality, capital and earnings, as well as its adequate risk position, funding and liquidity.

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 their latest reports, the three rating agencies affirmed NBK’s credit ratings with a stable outlook.

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.

NBK continues to enjoy the widest banking presence in Kuwait with 67 branches, which together with its growing international presence totals 176 branches worldwide. NBK’s international presence spans many of the world’s leading financial centers including London, Paris, Geneva, New York and Singapore, as well as China (Shanghai). Meanwhile, regional coverage extends to Bahrain, Egypt, Iraq, Jordan, Lebanon, Qatar, Saudi Arabia, Turkey and the United Arab Emirates.
Press Release