Kuwait-Mubasher: The Banker recognised National Bank of Kuwait (NBK) as “The Bank of the Year in Kuwait 2015”.
The leading and internationally renowned Financial Times magazine has delivered the award to NBK London general manager Fawzi Al Dajani, on behalf of NBK, in a ceremony attended by a host of international and regional senior bankers and executives.
“NBK’s market-leading position in corporate banking in Kuwait was of particular note in 2014, with the lender acting as mandated lead arranger for a number of mega-deals,” according to The Banker.
NBK has an estimated market share of 75% of foreign corporates operating in the country, as the bank has secured about 80% share of export letters of credit, The Banker noted, adding that NBK is the only Kuwaiti lender to have 100% of the business of the Kuwait National Petroleum Company, underscoring its expertise in the oil and gas industry.
