The leading magazine in the world of finance, Euromoney, has awarded National Bank of Kuwait (NBK) “the Best Private Bank in Kuwait for 2006”, as published in its special issue on the world’s top banks in wealth management and private banking services.

 

This is the second consecutive year that NBK Private Banking receives such a prestigious award, which reaffirms its dedication to the highest global standards of professional practice.

 

The renowned British magazine attributes this achievement to NBK’s Private Banking strength in relationship management, assets under management and diversification solutions and services both locally and regionally.
 
NBK’s Group General Manager of Consumer Banking, Adel A. Al Majed stated “this award is an added honor to NBK, and is actually coinciding with the posting of NBK’s record net profit of KD 205.6 million (USD 704 m.) for the year 2005.

 

“The coming stage will witness great developments and accomplishments at NBK in its strive to reassure its leading position in the local and regional markets, and to be well prepared to face any foreign competitors.” said Al Majed. He also added: “NBK is now competing with famous worldwide private banking institutions by offering a wide range of services and expertise banking and investment solutions as well as extending the best support to its customers all around the world by means of its international network which includes branches, subsidiaries and representative offices in London, Paris, Geneva, New York, Singapore , China, Iraq, Lebanon, Jordan, Bahrain ,Qatar and Saudi Arabia  ”.