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NBK tops safe Arab banks list

MANAMA, September 11, 2014

National Bank of Kuwait (NBK) has been selected the "Safest Commercial Bank in the Arab World" and ranked 23rd among the "World's Top 50 Safest Commercial Banks in 2014", by Global Finance magazine.

NBK also maintained its ranking among the World's Top 50 Safest Banks in 2014 for the ninth consecutive time, reported the Gulf Daily News, our sister publication.

The rankings 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.

In addition to the annual World's Top 50 Safest Banks list, Global Finance has issued a new list for the World's Top 50 Safest Commercial Banks.

For commercial banks to qualify for this ranking, they must not be majority owned by government or regional authorities.

On the new list, NBK said it topped all commercial banks in the Arab world and ranked 23rd globally, ahead of several international financial heavyweights.

"These banks are not government-owned, and are among the strongest and most secure institutions in the world," said Global Finance publisher and editorial director Joseph Giarraputo. – TradeArabia News Service




Tags: National Bank of Kuwait | NBK |

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