NBK Tools

NBK Tools

Al Jawhara Calculator

The minimum deposit is KD 50 and maximum deposit is KD 500,000.
In case of no withdrawal within the holding period, extra chances will apply

NBK Miles Points Calculator

Prayer Timings

  • Imsak

  • Fajr

  • Duhr

  • Asr

  • Maghrib

  • Isha

Loan Calculator

Loan Refinancing Calculator

NBK Rewards Points Calculator

Term Deposit Calculator

Currency Convertor

Notifications

  • Important Notice on Online Transactions

    Dear Customers, For your protection, please note that you can now complete only 5 local online purchase transactions per day and the 6th transaction will be declined. Consequently, you need to wait till the next day to use your NBK Debit Card online for transactions. Read More

  • Important PIN Notice

    Dear Customers, For your protection, please note that you have three chances only to enter your PIN on ATMs, Point of Sale, Phone Banking and Online Purchases correctly, after which you have to contact NBK Call Center at 1801801 to unlock your card. Contact Us

  • Important Notice

    NBK will never ask you for your account number, card number, CVV, OTP/PIN numbers over the phone, Viber, WhatsApp or any other means. Please do not disclose your personal information to anyone. Learn more

News & Announcements

Filter By:

Kuwait: NBK Reveals Winner of the KD 125,000 Prize in Al Jawhara Monthly Draw

17.06.2019

National Bank of Kuwait announced the winner of the KD 125,000 prize in Al Jawhara account’s monthly draw for the month of May 2019. The winner, Mohammad Saad Mohammad Alenezi, was announced live on FM 88.8 Kuwait Pulse, in the presence of a representative from the Ministry of Commerce and Industry as well as representatives from NBK. Al Jawhara monthly and quarterly draws are supervised and audited by “Deloitte”.

Al Jawhara account customers are automatically entered in Al Jawhara’s weekly, monthly and quarterly draws, giving them the chance to win KD 5,000 weekly, KD 125,000 monthly and the grand prize of KD 250,000 quarterly. Every KD 50 deposited in the Al Jawhara account gives customers one entry into the draw. Customers’ chances of entering the draws double for every KD 50 if no withdrawal or transfers occur on the account during the required period.

 “Al Jawhara is a unique account that enables our customers to save and win through the weekly, monthly and quarterly draws. Customers can easily open an account with an opening balance of KD 400 by visiting their nearest NBK branch or through NBK Online Banking Service and NBK Mobile Banking service for existing NBK customers,” said Suresh Varadarajan, Head of Liabilities & Insurance, Consumer Banking Group, National Bank of Kuwait. “By saving, customers also double their chances of winning when they do not withdraw or transfer amounts from their account during the required period.”

Since 2012, NBK has rewarded loyal customers with prizes worth a total of up to KD 2,200,000 annually through its weekly, monthly and quarterly Al Jawhara draws.

In addition to its attractive and most innovative and safe products and services, NBK is committed to providing customers with ongoing offers and rewards in line with the needs and lifestyles of its customers.



Kuwait: NBK Sponsors Ceremony Honoring Outstanding High School Graduates

13.06.2019

The National Bank of Kuwait sponsored for the twelfth year in a row the annual ceremony held by the Ministry of Education to honor high school graduates that have demonstrated an outstanding performance in the academic year 2018/2019 in the fields of sciences, arts and religious studies, as well as the best performing high school students from the private schools.
 
The ceremony was attended by the Undersecretary of the Ministry of Education (MOE), Dr. Saud Al-Harbi.

Speaking of the occasion, the Group Chief Executive Officer of the National Bank of Kuwait, Mr. Isam Al-Sager congratulated students that have graduated with leading results and expressed pride of their achievements and endeavors in achieving such exceptional results.

Al-Sager said: “NBK is sponsoring this event for the 12th consecutive year as part of its commitment to supporting the youth and their achievements, encouraging them and reminding them that they have a role to play in the future of our country, Kuwait.”

Al-Sager added that the Bank ensures it invests in education as part of its social responsibility framework that aims to support development in the country. He said: “NBK has become associated its name to with social responsibility and is committed towards its community and
the country. Our support of such events reaffirms that commitment towards outstanding students and their ambitions and aspirations.”

He added the NBK believes in the capabilities of students and has initiated programs to offer them opportunities to be part of the advancement of Kuwait through professional development programs that aim to enhance their knowledge and skills.

Al-Sager: “NBK welcomes each year Kuwaiti talents that it guides and trains. The Bank also holds on-site visits for students from various schools and universities to familiarize them with the work processes and give them insights on how banks work and support the overall economy.”

Al-Sager called on students to continue working hard and plan for their future by enrolling in fields that the country needs and invest their talents in supporting the achievement of Kuwait 2035 Vision.

On his part, the Undersecretary of the Ministry of Education, Dr. Saud Al-Harbi addresses the students and attendees at the ceremony and said the Ministry has invested all its resources to provide the tools for students to succeed and excel.

He reaffirmed that the Ministry is focused on nurturing positive values to help them be part of the development of their country.

Dr. Saud Al-Harbi said: “Every part of the society plays an important role in creating an environment that fosters excellence and advancement, starting from the family, which plants in its children the love of learning, to schools where children are enlightened and learn in collaborative environments thanks to teachers whom ensure their students reach the level of excellence we see today.”

He pointed out the private sector and the civil organizations have a role in building respectable and responsible citizens, and this is what the National Bank of Kuwait is doing annually by sponsoring this event.


During the ceremony, Dr. Saud Al-Harbi and Mr. Isam Al-Sager honored around 150 top performing students (Kuwaitis and non-Kuwaitis) in the disciplines of sciences, arts and religion as well as high school graduates from private schools. The ceremony also recognized students who have won in the scientific excellence competitions in which the Ministry of Education has participated at the level of Kuwait and the Gulf.

Dr. Saud Al-Harbi also recognized the National Bank of Kuwait for its contributions to education and its support to students at different educational levels, and presented Mr. Isam Al-Sager with an honorary plaque.

NBK is committed to supporting the Kuwaiti youth and educational programs that aim at developing their skill sets and equipping them with the knowledge they need for the future.


The Bank provides various forms of support to students through educational and training initiatives, including specialized training courses specifically designed for graduates.


NBK also provides training courses for school students during the summer that aim at familiarizing them with the banking sector and the workforce.


Other programs have also been developed to cater to university graduates such as the NBK Academy, the Youth Program, the Human Resources Programs and others.



Kuwait: NBK Launches “Go Business +” for its Business Banking Customers

12.06.2019

National Bank of Kuwait (NBK) launched the latest of its services aimed at providing an advanced banking experience at par with international standards, introducing the Go Business +  service in partnership with Mastercard and available for its Business Banking customers who benefit from a range of offers and discounts. NBK is the first Bank in Kuwait to launch this service.

Customers holding an NBK Business Banking Credit Card benefit from the service with access to many offers provided by international brand names including basic business services and special features for employees.

"Go Business +" is a Mastercard platform that supports entrepreneurs and helps them focus on the development of their business by facilitating easy and quick communication with suppliers and negotiating the best prices with world leading brands.

NBK customers can request access to the service by visiting www.gobusinessplus.com/kw where they can register, and then search and claim offers through the mobile app of the service.

Commenting on the campaign, Deepankar Wavare, (Head of Cards and Loans), National Bank of Kuwait, said, "We have a strong and long-standing partnership with Mastercard and continue to collaborate to develop products and services that provide an enhanced banking experience to our customers. The launch of "Go Business +" comes as part of our endeavors and targets our Business Banking customers to give them more advantages when banking with us."

Wavare added that NBK commits to providing the most advanced solutions catering to the needs of every customer and in particular Business Banking customers, helping them run their business easily and conveniently, gaining time and effort, and supporting their success.

Girish Nanda, General Manager, Mastercard said, “Supporting the long-term profitability and growth of businesses is a key priority for Mastercard in Kuwait and across the region. The Go Business platform is an innovative network that enables entrepreneurs to redeem incredible discounts across a broad range of leading brands through a single portal. We are certain NBK cardholders will embrace the new service to reap its many benefits, and we will continue to work with a like-minded partner such as NBK to redefine the everyday banking experience for business banking customers.”

NBK Business Banking customers have access to a wide range of banking products and services including: Business Banking Officers, Points of Sale, Business Banking Credit Cards, Online Salary Transfers, Online Banking, Insurance, Business Loans, Letters of Credit, and local invoices.

NBK also provides 9 Business Banking branches tailored to the needs of customers and located across Kuwait, including: Head Office, Surra, Shuwaikh, Mubarak Al Kabeer, Arraya Tower 2 (5th floor), Fintas, Ghazali, Sharq, and Ras Salmiya. These branches provide a team of professionals with different expertise to service Business Banking customers. Customers benefit from a one-on-one experience with their Business Banking Officer for credit, financial and investment consulting, commercial finance and treasury.

Customers can complete their banking transactions in a seamless and convenient, and visit NBK.com to learn more about the Business Banking products and services.



Kuwait: NBK Sponsors the Ministry of Education's Ceremony to Honor Outstanding High School Students

09.06.2019

National Bank of Kuwait (NBK) will sponsor the official high school graduation ceremony for the academic year 2018/2019 under the patronage and in the presence of Minister of Education and Higher Education, Dr. Hamed Al-Azmi.  The ceremony will be held at the auditorium of the Ministry of Education’s headquarter in South Surra.

The ceremony includes honoring around 150 outstanding students (Kuwaitis and non-Kuwaitis) in the scientific, literature and religious studies departments, as well as students from private schools. NBK will also honor scientific excellence competition award winners in which MOE participates in locally and regionally.

“NBK is proud to sponsor MOE’s ceremony to honor outstanding high school students for the 12th consecutive year. This event is an integral part of our CSR initiatives aimed at supporting the education sector.” Said Manal Faisal Al-Mattar, NBK Assistant General Manager of Public Relations and Communications. “NBK is committed to supporting Kuwaiti youth and promoting various educational and academic activities aimed at developing national skills and equipping future generations with the required knowledge to ensure community development and sustainability”. Al-Mattar added, noting that NBK has successfully maintained its commitment to educational purposes and student support for over a decade.

Al-Mattar highlighted that NBK spares no effort in supporting Kuwaiti youth, as it is keen on providing whatever they need to continue their successful journey towards achieving academic excellence and reaching their goals, thus supporting Kuwait’s development and prosperity. “NBK firmly believes in students’ capabilities and their great potentials.” Al-Matter noted, describing it as the best way to equip youth with the required tools to support their country’s future, especially in the presence of distinguished institutions that are capable of investing in promising talents and creating future career opportunities. 

NBK continuously strives to support and empower students by providing training and development programs designed according to the latest methodologies and scientific standards to enrich the educational experience of national cadres.  NBK also provides training programs for students to familiarize them with the labor market’s requirements, in addition to delivering a wide array of developmental and training programs for university graduates including but not limited to NBK Academy, internships, and many other Human Resources Group Programs.



Kuwait: NBK Executive Management Recognizes and Honors Dozens of Employees Who Volunteered in Ramadan

06.06.2019

Dozens of National Bank of Kuwait (NBK) volunteers participated in Ramadan charitable program "Do Good Deeds in Ramadan", as they greeted visitors at the banquets held at NBK Iftar tent. Volunteers also drove caravans to Kuwait's densely populated areas to distribute a large number of meals to fasting people, in addition to visiting hospitals and mosques, and attending the daily event held at Naif Palace to distribute Iftar and fast breaking meals, besides their participation in numerus charitable initiatives aimed at assisting children in low income families.

NBK executive management represented by Mr. Issam Al-Sager, Group Chief Executive Officer at National Bank of Kuwait, Mr. Salah Al Fulaij, CEO of NBK Kuwait and Mr. Emad Al-Ablani, General Manager, Group Human Resources at NBK honored the volunteers and expressed their sincere appreciation of  their continuous efforts throughout the year in implementing NBK’s mission to serve the community, especially throughout the whole 30 days of the holy month of Ramadan.

“NBK always strives to establish and develop volunteering as a wider concept of giving and sharing among its employees by strengthening their association with the humanitarian work and social activities organized through the bank’s initiatives.” NBK Public Relations Team Leader, Talal Al-Turki said. “Volunteering has become a well-established belief and culture that has an intrinsic value to our employees, as they participate with the spirit of giving as one team. They don’t spare any effort to be part of the bank's social activities. One of the most prominent charitable programs that NBK is always keen on delivering is "Do Good Deeds in Ramadan” which we maintained for more than two decades, with special focus on adding more activities in the last ten days of the holy month” Al-Turki added.

Al-Turki highlighted that volunteering activities this year also included organizing visits to hospitals, including NBK Children Hospital, where volunteers presented kids with Gergayan presents and gifts to share Ramadan celebrations with them. Volunteers also intensified their efforts during field trips to distribute fast breaking meals and Iftar banquets at traffic lights across various areas in the capital. They also stocked NBK fridges located at the Central Blood Bank with fast breaking meals on daily basis, in addition to their daily presence at Naif Palace to support Iftar Cannon Program and distribute meals. Moreover, volunteer field visits expanded to include a number of remote and labor-intensive areas across Kuwait.

For over 20 years, NBK has been dedicated to establishing volunteering and making meaningful continuations towards the community among its employees. One of the most important initiatives presented by NBK is "Do Good Deeds in Ramadan" program, which is part of NBK’s CSR initiatives and includes numerus humanitarian and charitable activities, in addition to social donations.



Kuwait: NBK Shares Eid Celebration with the Passengers at its Branch Located in the New Airport Terminal

05.06.2019

National Bank of Kuwait (NBK) family welcomed the passengers at its branch located in the new terminal (T4) and distributed travel gift items, in line with NBK's CSR commitment and as part of its strategic and unique partnership with Kuwait Airlines.

“NBK is always keen to participate in various social events to play an active role in strengthening human communication and giving back to the society.”  Yacoub Al-Baqer, NBK Public Relations Officer said. “We are proud of this deep-rooted partnership with Kuwait Airways, which has gained a remarkable humanitarian aspect during the holy month of Ramadan during which we have carried out this unique initiative”. Al-Baqer added, noting that Kuwait Airways facilitated the process of bringing us closer to our community members even when they are travelling. 

Al-Baqer added that NBK team was present at various strategic locations in the new airport terminal, and distributed presents and travel gifts to passengers. “We would like to thank Kuwait Airways for their business collaboration as they facilitated all the procedures required for our volunteers to carry out this social initiative, making it easier for them to extend Eid greetings to passengers”. Al-Baqer commented.

“We are always keen on connecting with our customers; hence we are present through our two branches at T1 and T4. Al-Baqer said, adding that NBK is also keen to share holidays and other occasions with its customers, as this social commitment is ingrained in NBK’s culture. 

For over six decades, NBK has carried out its CSR program including "Do Good Deeds in Ramadan" program, which includes many events, contributions, social welfare and voluntary activities. This initiative is in line with NBK’s keenness to reach out to various social institutions and all sectors of the society, maintaining its leading position as a dedicated private institution that is keeping true to its CSR values through translating them into valuable programs and initiatives that have substantive social dimension.



Kuwait: NBK Concludes its Annual Ramadan Social Program

04.06.2019

National Bank of Kuwait concluded its Ramadan social activities program “Do Good Deeds in Ramadan” which it carried out for over 25 consecutive years, including the distribution of Iftar meals, visiting various institutions and social groups in addition to participating in numerous charitable and social events throughout the holy month of Ramadan.

The program included the distribution of over 50,000 Iftar meals and fast breaking meals to fasting people at NBK Iftar Tent, Naif Palace, hospitals, public facilities areas and mosques. The program achieved a milestone this year, which was translated in its developmental objectives, reaching beyond achieving its groundbreaking initiatives to investing in social services & efforts to ensure extending a helping hand to needy families. 

“NBK is proud to be a leading pioneer in social development through its CSR programs," NBK's PR Manager Abdul Mohsen Al-Rasheed said. "This program aims to maintaining deeper relationships with the communities we operate in, through the introduction of dozens of initiatives and projects that aim to nurture individuals and families and provide the necessary support to their goals of decent living, education and health care, the most important pillars to social development and progress.” Al-Rasheed added.

Al-Rasheed highlighted that besides NBK Iftar tent at Ras Al-Salmiya, NBK continued to sponsor the Iftar program at Naif Palace for the fourth consecutive year. He pointed out that this year’s program was very special qualitative leap in charitable work and investment in social initiatives, taking unprecedented steps at the social level.

Al-Rasheed pointed out that NBK has also maintained various visits throughout the holy month to densely populated areas such as Jleeb Al-Shuyoukh, Al-Salibiya and Al-Jahra. Moreover, NBK cooperated with the Central Blood Bank, the bank has provided refrigerators in the blood bank Al-Jabriya branch to stock the fridges with daily fast breaking meals.

Ramadan Iftar Tent

At NBK Iftar tent, located at Ras Al-Salmiya on the Gulf Road, a group of NBK dedicated volunteers supervised the reception of the fasting people and distributed about 10,000 daily meals, in addition to providing other service as needed.

Site Visits & tours

As for the site visits and tours, NBK extended its reach by distributing more than 3,000 Iftar meals at Shuwaikh, Khaitan, Mahboula, Jleeb Al-Shuyoukh and mosques, as well as arranging visits to several public institutions and hospitals to share Iftar meals and grayish events throughout the holy month of Ramadan. 

The public relations team visited a number of public institutions and participated in Iftar banquets during the holy month, including Khairan Coast Guard Center in appreciation to their dedication and continued efforts to serve the country around the clock. The Department also visited the university student residence as part of its social responsibility commitments.

Naif Palace

For the fourth consecutive year, NBK participated in providing Iftar meals to fasting people at Naif Palace, where it distributed about 5,000 meals to fasting guests attending that ancient heritage moment of firing the Iftar cannon. This initiative is part of NBK sponsorship of the “Iftar Cannon” program aired on Kuwait TV which included Gergean celebration event to share the occasion with the children.

Blood Bank Fridges

NBK, in cooperation with the Central Blood Bank, distributed fridges at the blood bank’s Al-Jabriya location, including 32,000 fast breaking meals. NBK volunteers ensured that the fridges were fully packed throughout the holy month of Ramadan.

Sponsorship of 30 families in need

NBK supported 30 children from needy families through Eid Al-Fitr campaign in cooperation with LOYAC Foundation by providing them with Eid clothes and accessories to share with them the celebration of Eid al-Fitr holiday.

Awareness Campaign with Omnia

NBK, in cooperation with Omnia Projects Management held an awareness campaign to raise awareness about the importance of getting involved in recycling plastic and cardboard waste materials at NBK Iftar tent. 

Iftar Distribution Centre in Jleeb Al-Shuyoukh

For the third consecutive year, NBK continued to distribute meals at the Iftar banquets held at the Kuwait Fire Department at Jleeb Al-Shuyoukh which was rehabilitated to accommodate serving Iftar banquets to the fasting people in the area. 

Traffic Awareness Campaign

NBK distributed fast breaking meals to drivers at traffic lights in strategic locations. This initiative is aimed at reducing traffic accidents during the holy month of Ramadan, especially around Iftar time as drivers attempt to reach their destinations before Iftar time, resulting in speeding and traffic violations. 

Gergean Celebration

NBK organized a visit to NBK Children Hospital, Souk Al-Mubarakiya and Naif Palace to distribute Gergean gifts and presents to the children.

NBK Cooperation with Kuwait Airways

NBK organized a special event in cooperation with Kuwait Airways at NBK Iftar Tent located at Ras Al-Salmiya, which included the distribution of free airline tickets.  This collaborative effort is part of "Do Good Deeds in Ramadan" program and in line with the strategic partnership between NBK and Kuwait Airways. A draw was held for guests to win 10 airline tickets to lucky guests at the Iftar tent. This initiative reflects the social and charitable commitment of both organizations, especially in the holy month of Ramadan, where fasting people will be given the opportunity to travel to see their loved ones. NBK also presented gifts to travelers at its location at Terminal 4 (T4) in Kuwait International Airport.

Volunteers

As they do every year, dozens of NBK employees participated in "Do good Deeds in Ramadan” program by receiving fasting guests at NBK Iftar tent, and conducting visits to various areas, institutions, public facilities, mosques and hospitals, throughout Ramadan and during the last ten days of the holy month. This comes in light of the NBK’s keenness to promote volunteerism at work among its employees by strengthening their association and participation with the various humanitarian and social activities organized by the bank.

Social Media

Social media provided a comprehensive coverage of “Do Good Deeds in Ramadan” program, in addition to hosting different contests during the holy month. NBK carried out its humanitarian initiatives and support for social welfare programs, which stem from the deep belief in performing its vital role of corporate social responsibility and its effective impact on serving the society and its nationals, and reflects the pioneering role played by NBK in this field for decades.



Kuwait: Registration for NBK Summer Internship Program 2019 ends today

02.06.2019

National Bank of Kuwait (NBK) ends up the registration for the 2019 Summer Internship Program today (Thursday 3rd June 2019) through nbk.com. The program will start on Sunday 16th of June, 2019.

The two-week courses in this program are specially designed for high school and college students, between 14 and 21 years old.

The Summer Internship Program is made up of four different sessions, five-hour daily over two weeks each. The first session starts on the 16th of June, while the following sessions start on 14th and 28th of July and 25th of August respectively. Each session will include 30 students divided into two groups: A group for the ages 14 to 17 and a group for the ages 18 to 21.

All trainees will receive a condensed training program about NBK products and services during the first week at the Training Center, and they will be exposed to different areas in the second week at selected departments. The trainees will have professional exams from HR department about the knowledge of NBK.

This annual program demonstrates NBK’s long-standing social involvement as well as its national commitment towards providing young generations with the appropriate opportunities to experience how the actual professional banking issues and transactions are handled and processed.

NBK views the Summer Internship Program as an extension to its educative initiatives and as part of its corporate social responsibility.

In addition to the Summer Training program for high school students, NBK regularly organizes the Summer Internship Program for university students. NBK offers as well a range of educational and professional developing programs targeted at developing Kuwaiti youth entering the work force



Kuwait: NBK & LOYAC Sponsor Children in Low Income Families through “Eid Clothing” Campaign

01.06.2019

National Bank of Kuwait (NBK) and LOYAC organized “Eid Clothing” campaign to support children in low income families through purchasing new Eid clothing to celebrate Eid Al-Fitr by dressing up and wearing their new outfits. 

The campaign covered purchasing new Eid clothing to 30 children from different parts of Kuwait. Each dedicated volunteer was assigned to accompany a child to go shopping. The shopping trip included buying new clothes and shoes for Eid Al-Fitr, so that children would look their best and don’t feel left out of the celebration mood due to the limited resources of their families. 

“NBK is so proud of its cooperation with LOYAC. We highly appreciate its role in the community through organizing a wide range of volunteering, developmental, awareness and social initiatives”. Yacoub Al-Baqer, NBK Public Relations Officer said. “The “Eid Clothing” campaign, launched to support children in low income families, is considered a unique initiative across Kuwait. It extends a helping hand to families in need to bring them the joy of Eid through providing the necessary support to whomever in need, so no one is left out when celebrating Eid holidays”. Al-Baqer added.

Al-Baqer highlighted that NBK is always committed to supporting humanitarian initiatives and is proud to lead this campaign with LOYAC. “We look forward to organizing this campaign to complement our community and philanthropic initiatives that share the same objectives of lending helping hands to those in need.” Al-Baqer noted.

Al-Baqer stressed that NBK firmly believes that this social commitment is a fundamental cornerstone of NBK’s objectives as a leading financial institution, expressing his hopes that this campaign had left a positive impact on children and brought them happiness, confirming that NBK’s mission is to bring joy and hope for a better tomorrow. 

The initiative is part of NBK's commitment to its social responsibility program and expanding its reach to cover more sustainable programs.

NBK continues to reinforce its leading corporate citizen role committed to bringing positive values to the community through its CSR initiatives that adopt a wide range of objectives. NBK's participation in this initiative is part of its partnership with LOYAC through its participation in similar campaigns covering training, developmental, educational and social services programs. 



Kuwait: NBK Academy Celebrates the Graduation of the 21st Batch of Trainees

31.05.2019

National Bank of Kuwait (NBK) celebrated the graduation of the 21st batch of newly hired employees from “NBK Academy” program.

NBK Academy aims to train and develop young graduates through providing professional skills of as part of NBK’s strategy to develop the national human resources and attract them to work in the banking industry.

The graduation ceremony was attended by Mr. Salah Al Fulaij, NBK CEO — Kuwait,  Mr. Sulaiman Al-Marzouq , Deputy Chief Executive Officer and Mr. Emad Al-Ablani, General Manager, Human Resources Group, National Bank of Kuwait, as well as a number of NBK officials.

The ceremony included honoring the outstanding graduates who demonstrated their best efforts throughout the program and its various components including attending lectures and participating in practical training as well as field training in the branches and various departments.
Graduates concluded NBK Academy program in four months (the duration of the program) covering various banking aspects including:  banking principles, risk management, teamwork, financial accounting, marketing, negotiation, and consumer and commercial lending, in addition to providing hands-on-training to all program participants at various departments in the bank through engaging international accredited trainers to enable trainees to gain top banking skills. 

NBK Academy program is designed in accordance with the highest international training techniques with the aim to provide participants with both theoretical and technical skills that cover key areas of the banking sector. Participants also receive a wealth of knowledge about NBK work structure and culture in order to further enhance their career development opportunities in the future.

In 2008, NBK launched “NBK Academy”, the first initiative of its kind in the private sector in Kuwait aimed at developing highly qualified national banking leaders with the highest international skill set and experience level in all banking disciplines. The initiative aims at fulfilling the bank’s aspirations to continuously improve its services and expand its activities and growth plans, both locally and regionally. 

 



Kuwait: NBK Celebrates Gergean with children at NBK Hospital

31.05.2019

National Bank of Kuwait (NBK) visited NBK Children’s Hospital to celebrate with the children the happy moments of Gergean. NBK employees spent the day with the children and organized a traditional Gergean celebration event, touring the sick children’s hospital rooms, playing traditional Gergean music and handing out ice cream and treats.  

This initiative reflects NBK's commitment towards children. It is a tradition that NBK is keen on maintaining every year at its specialized hospitals, especially that witnessing the joyous reactions reflected on the children’s cheerful faces is priceless.

Gergean celebration is part of NBK’s Corporate Social Responsibility (CSR) program, specifically designed for NBK Specialty Hospital and Stem Cell Therapy Unit, as part of a wide range of activities and events.

Children at NBK Hospital expressed their happiness to be part of the Gergean event and NBK visit, which reflects the Bank’s keenness to participate in various social and humanitarian activities, in the spirit of reaching out, sharing and communicating with the children in particular and all other segments of the society in general.

NBK Children’s Hospital stands as a landmark for the bank's social initiatives towards children. NBK expanded the hospital’s capacity and recently opened the Stem Cell Therapy Unit for children, further expanding its hospital’s ability to treat children with cancer and blood diseases.
 



Kuwait: NBK Celebrates Gergean at Terminal 4

29.05.2019

The National Bank of Kuwait (NBK) continued to celebrate culture occasions of Kuwait’s heritage by distributing Gergean to passengers at the Kuwait Airways Terminal 4 (T4) at Kuwait International Airport in cooperation with Incheon International Airport Corporation (IIAC) the operator of the terminal.

The celebration comes as part of the Bank’s ongoing commitment to remaining close to its customers and has received great response during its most recent Gergean celebration targeting travelers and customers equally at T4.

Aishah Abdulwahab Al Marzouq from Consumer Banking Group, National Bank of Kuwait said: “At NBK, we ensure we are always close to our customers in every occasion. This time, we’ve distributed Gergean favors to travelers from the new T4 to share the joy of celebrating our rich cultural heritage.”

Al Marzouq added: “We invest our efforts to revive Kuwaiti cultural events that are close to the hearts of every age group. Celebrating Gergean and marking it with the distribution of the traditional favors is part of the Bank’s objective to organize meaningful social events during the Holy Month of Ramadan.”

She concluded by reaffirming that NBK is even more committed to providing excellent banking services in its new branch at T4 and enabling customers and travelers to complete their transactions easily and conveniently through an enriching banking experience.

The new branch at T4 is located directly at the departure hall and provides its services to customers 24/7, except during the Holy Month of Ramadan. The branch has a reception hall where customers can relax until their transactions are completed.

The new branch also offers a variety of services suitable for those travelling an ITM, the second NBK machine of its kind available in Kuwait with the first placed in The Avenues mall. The branch also offers multiple currency exchange services.

In addition, the NBK branch at T4 provides a cash withdrawal service in six different currencies: Kuwaiti Dinar, US Dollar, Euro, British Pound, UAE Dirham and Saudi Riyal.

NBK maintains its leadership position in the banking industry in Kuwait with its wide network of branches, ATMs and POS terminals. NBK also enables customers to easily manage their accounts and transactions 24/7 through NBK Mobile Banking and NBK Online Banking App, or  by calling 1801801, which caters to customer inquiries and needs around the clock.



Kuwait: NBK Partners with Leading Car Dealerships to Offer Customers Exclusive Promotions

29.05.2019

The National Bank of Kuwait (NBK) continued to launch exclusive offers and financing solutions to suit every segment of customers and in partnership with leading companies in Kuwait, partnering this Ramadan with leading car dealerships to offer attractive financing schemes and special offers.

The partnership will enable customers to take advantage of convenient banking solutions during the Holy Month of Ramadan, which include tailored financing facilities on the next car they purchase from participating dealerships.

Explaining the benefits of the new partnership, Hussam Soleimani, Auto Product Relationship Manager, Consumer Banking Group, National Bank of Kuwait, said: “During the Holy Month of Ramadan, NBK is bringing exclusive offers and promotions, including discounts of up to KD 700 offered by the dealer and other great advantages when purchasing a car from one of over 30 participating car dealers.”

Soleimani added that the new campaign comes as part of the Bank’s ongoing commitment to benefiting its customers through exclusive and unprecedented offers. The association also includes Mohamed Naser Al- Sayer & Sons Automotive Company, allowing customers to purchase a Toyota Land Cruiser and have it delivered within 24 hours after the customer has signed the final contract and ensuring payment of all traffic violations. Delivery of the new car may vary should the customer request additional features to the car. Customers also receive a free subscription to one of the following packages: protection package or service package.

Soleimani added that NBK Customers can inquire about the offers and their terms and conditions directly from sales representatives at the car dealerships or from any NBK Sales Representative available at the showrooms. He also mentioned that the policy of obtaining financing for a new car from NBK is simple, flexible and fast. Customers can get financing up to KD 25,000 available without the need to transfer the end of service bonus or salary. The policy is valid for financing the purchase of new and approved cars, motorcycles and other types of vehicles. Customers can complete the repayment of the financing facility early and at any time without enduring additional fees or interest.

Soleimani also said that NBK has recently launched a new product offering customers unique financing solutions that enable customers to take a financing facility against a fixed or flexible deposit.

He said: “We always aim to provide financing solutions that meet the needs of customers and this type of financing facility not considered to be a consumer or housing finance, while the customer receives the full amount of the financing against a cash guarantee or fixed / flexible deposit. The financing facility can range from KD 5,000 to a maximum KD 500,000 and is granted after studying the customer's credit status.”

Soleimani also revealed that customers can receive additional funding in return for booking an amount from their Al Jawhara Account, which does not omit their chances from entering the prize draws of the account. He further added that the fixed or flexible deposit will not be affected in terms of monthly or annual interests if it used against a financing facility.

Soleimani added that NBK ensures providing the best banking services and solutions for those interested in obtaining this type of financing. These services are easily made available through either one of NBK Branches or through the Bank's website at nbk.com/loans where customers will discover how fast the financing procedures are completed with flexible terms.



Kuwait: NBK’s 2019 Summer Internship Program starts its registration

28.05.2019

National Bank of Kuwait (NBK) is launching its 2019 Summer Internship Program on the 16th   of June, 2019. The two-week courses are specially designed for high school and college students, between the age of 14 and 21 years.

The online registration for the Summer Internship Program started through nbk.com and it will be providing information through NBK official page on Facebook, Twitter and Instagram @NBKPage. Each session will include 30 students divided into two groups: A group for the ages 14 to 17 and a group for the ages 18 to 21.

“NBK views the Summer Internship Program as an extension to its educational initiatives and as part of its corporate social responsibility,” said Yaqoub Al Baqer, NBK Public Relations Team Leader. “This annual program demonstrates NBK’s long-standing social involvement as well as its national commitment towards providing young generations with the suitable opportunities to experience how the actual professional banking concerns and transactions are handled and processed.”

“It has been 18 years since the establishment of the program,” added Al Baqer. “At the core of NBK’s corporate social responsibility is our commitment to developing the youth in Kuwait. NBK invests at every level in the training, professional development and the growth of the youth cadres, to contribute to trainees’ basic and professional competencies and abilities in fields of practical life.”

The Summer Internship Program is made up of four different sessions, five-hour daily over two weeks each. The first session starts on the 16th of June, while the following sessions start on 14th and 28th of July and 25th of August respectively.

All trainees will receive a condensed training program about NBK products and services during the first week at the Training Center, and they will be exposed to different areas in the second week at selected departments. The trainees will have professional exams from HR department about the knowledge of NBK.
 



Kuwait: NBK’s team concludes its participation in the “Innovation Challenge”

27.05.2019

National Bank of Kuwait (NBK) team concluded its fifth season of the Innovation Challenge Program organized by Kuwait Foundation for the Advancement of Sciences (KFAS) in collaboration with the prestigious University of California Los Angeles (UCLA) Anderson School of Management.

The four-months program, launched by KFAS for the first time in 2015, aims to develop innovative human capabilities in the private sector and foster a culture of creativity and knowledge growth to transform Kuwait's economy into a knowledge-based economy.

NBK team presented its project revolving around innovative banking services after discussing it with NBK top management headed by Mr. Salah Al Fulaij, CEO of NBK Kuwait, Mr. Emad Ahmed Al-Ablani, General Manager, Group Human Resources at NBK, and Mr. Mohamed Al-Othman, General Manager, Consumer Banking Group, as well as a number of NBK executives.   

The Innovation Challenge program provides an opportunity to develop participants’ innovation capabilities through developing innovative solutions to challenges faced by banks over the course of their business.

The program focuses on a number of topics including; building a culture of innovation, generating new business models, design thinking and innovation and value proposition design. 

The program is centered around real business challenges that each team identifies the areas where they need to innovate. That challenge is explored throughout the program phases and teams apply their learnings on their innovation projects.
Teams work on their innovation challenge with specific deliverables and are required to complete all deliverables in order to participate in the final module which includes a mixture of lectures and site visits to innovative companies.

NBK's strategy is based on continuous innovation and development, which has been reflected in achieving its unique position as a top innovative bank, both locally and regionally. The Bank always strives to maintain its leadership in this field by introducing innovative approaches and further developing its human capital skills through providing creative training programs designed in accordance to the highest standards of excellence, covering both training and skill development to produce highly trained professional staff. NBK attains the best banking experts to share their expertise with NBK employees.



Kuwait: NBK Provides New Currency Notes for Eid Al-Fitr through its Mobile ATMs

26.05.2019

 In the spirit of sharing joyous occasions and festive holidays with its customers, National Bank of Kuwait (NBK) has fully stocked its mobile ATMs with new currency notes for Eid Al Fitr, as it always strives to support its customers anywhere, anytime. 

A variety of bill types in different denominations have been provided through ATMs effective last Saturday including: KD 5 and KD 10 banknotes, throughout various governorates across Kuwait. This service is available during two shifts, from 4:00 to 6:00 p.m. and from 8:00 p.m. to 12 a.m. throughout the holy month of Ramadan.

Moreover, customers may withdraw new currency notes through NBK Interactive Teller Machine (ITM) available at the Avenues from 11:00 a.m. to 6:00 p.m. and from 7:30 p.m. to 2:30 am.

"NBK has always been keen on celebrating joyous holidays with its valued customers by providing them with the opportunity to withdraw new currency notes through NBK Mobile ATMs located across different regions and governorates. This is part of the Bank’s efforts to provide the best services and most convenient solutions to meet customers’ needs and interests." said Maitham Al-Salem, ATM Channel Manager at National Bank of Kuwait. 

Al-Salem confirmed that NBK ATM network is readily available to serve the bank’s customers throughout Eid Al-Fitr holiday. Dedicated employees are assigned to fully stock the machines during the holidays to cover the expected increase in ATM cash withdrawals during that period.

He also highlighted that NBK ATMs are constantly prepared to meet customers’ needs, both on regular days and during holidays and different occasions, thanks to the ATM network operating system which follows the latest, most advanced and safest banking technologies. 

Al-Salem added that providing new currency notes was well received last year by NBK customers, with ATM cash withdrawals reaching a total of 14,668 transactions worth KD 900,000.

NBK continues to strengthen its leadership position in the banking sector by maintaining the largest network of banking services in Kuwait, provided through 68 branches, in addition to a wide network exceeding more than 13,000 Point of Sale (POS) and 8,000 NFC-enabled devices. NBK also has the widest network of over 316 ATMs, including 99 Cash Deposit Machines (CDM) located around Kuwait. 
 



Kuwait: Announces Winners of Al Jawhara Weekly Draws

23.05.2019

The National Bank of Kuwait continues to reward its customers with Al Jawhara Account through weekly, monthly and quarterly draws. The bank recently announced the winners of the weekly draw for the month of May, naming, Minor Betool Esmael Suliman Dashti, Saja Abdullah Syed Al Behbehani and Nadiah Ali Asghar Adoumi, as the winners of the KD 5,000 prize each.

Automatically entering customers into the draws, Al Jawhara Account gives customers a chance to win KD 5,000 weekly, KD 125,000 monthly and a KD 250,000 grand prize quarterly for every KD 50 deposited into their account. If no withdrawal or transfers occur on the account during the required period, customers will receive an additional chance to enter the draw for every KD 50 held in the account, doubling their chance to win.

Since 2012, the National Bank of Kuwait has rewarded loyal customers with a total worth of prizes up to KD 2,200,000 in the weekly, monthly, and quarterly Al Jawhara draws. All the draws are conducted in the presence of a representative from the Ministry of Commerce & Industry and the name of all the winners are announced.

Customers can open an Al Jawhara Account by simply visiting any NBK Branch. Also, NBK Customers can conveniently open an Al Jawhara Account through the NBK Online Banking and NBK Mobile Banking.

For more information about Al Jawhara Account, please visit: nbk.com.



Kuwait: Al Bahar: It is time for Parents to teach young people early on that our diversity is strength

23.05.2019

The Universal American School’s Class of 2019 attended their graduation ceremony at the Regency Hotel, on May 16, 2019. Robed in ceremonial blue, happy seniors marched up the catwalk to the stately strains of the UAS band. Proud parents and teachers admired their charges at this formal milestone in their young lives.  Inspiring speeches were given by the guest speaker, Mrs. Shaikha Al Bahar, NBK’s Deputy GCEO.

The Valedictorian, Abdulwahab AlMutawa and the Salutatorian, Moustafa Alrefaei Well-deserved awards were presented to a gratifying number of seniors.  

In her speech, Ms. Shaikha Al Bahar highlighted her believe in graduate students distinguished capabilities and the great potential they have to carry the torch and lead the way towards  Kuwait’s future development, blessed with the help and support of well-established corporations that have the capability to invest in their promising future and provide them with adequate career opportunities.

Al Bahar expressed her pleasure to be among this unique gathering. She congratulated all students on their graduation and confirmed that the long road to success is paved with numerus challenges as they will forge ahead to reach the top which requires dedication, diligence and perseverance.

“We at NBK attach great importance to supporting students and all their educational and training activities to further boost their enlightening experience. We take to heart all the needs required to achieve and attain their goals, which ultimately support the development and progress of our beloved country, Kuwait”. Al Bahr Said.

Al Bahar added “In line with our CSR initiatives and our focused commitment on the educational sector, the main force driving development in today’s societies, we welcome undergrads and graduates from schools and universities throughout the year to visit us at NBK. We organize site visits to introduce them to our environment, familiarize them with the banking industry and open the door for prospective future engagement within this vital sector that plays an essential role in our economy”.

Al Bahar highlighted that NBK striving to give the utmost priority to youth to guarantee achieving a prosperous future. Confirmed that it is NBK national duty to invest in their future, therefore, the bank offer a wide range of specialized activities aimed at developing national capital resources seeking a brighter future.

Al Bahar emphasized that Kuwait needs the student’s energies, minds and creativity to achieve the goals of Vision 2035, the aim of which is to develop the country into a cultural center, a financial hub, a world‐leading manufacturer of petrochemicals, a focal point for foreign investment, and a place for knowledge transfer in renewable energy and IT by 2035.

Al Bahar advices the students to focus on absorbing as much knowledge as possible and be passionate about attaining more education. Especially with what major changes labor market is facing in the midst of a fourth industrial revolution. That would require innovators and highly talented individuals to fulfill such unique positions. Therefore, they need to wisely choose non-traditional disciplines that cater to the technological revolution we are currently experiencing.

She referred in the speech to recent report issued by McKinsey Global Institute (MGI) and the World Economic Forum estimates that adapting currently demonstrated technology has the technical potential to automate roughly 50% of the world’s current work activities, thus leading to the layoff of the human element. Technological development over the next 10 years will affect about 800 million people, forcing as many as 375 million individuals to change their careers and learn new skills in order to cope with this dramatic change.

Al Bahar advised the students to carefully plan and choose between the various areas where they can excel and demonstrate their creativity and innovation in their prospective career.

“There are truly no limits to achieving your dreams unleash your creative energies, you are the hope and the future of this country. Through your success, we look forward to a brighter future for our beloved country Kuwait”. Al Bahar said

Al Bahar concluded her speech confirmed that it is time for parents to teach young people early on that our diversity is strength and they should accept different opinions, different cultures, different religions, and different nationalities.



Kuwait: NBK Shares Iftar & Suhoor Banquets with Kuwait University Students in Kaifan and Shuwaikh Student Residence

23.05.2019

National Bank of Kuwait (NBK) visited both student residences in Kaifan and Shuwaikh areas to share Iftar and Suhoor banquets with the students and spent some good times with them, as part of "Do Good Deeds in Ramadan" program.

The visit was filled with family-friendly atmosphere, in which NBK expressed its support and encouragement to the students and how much it values their participation in the Iftar banquet as an initiative to make up for being unable to gather around one table with their families during the holy month of Ramadan.

"It gives us a great pleasure to share this banquet with our valued students, as they choose Kuwait to be their learning destination. We have introduced this new initiative of holding Iftar and suhoor banquets with our valued students in order to share our customs and traditions and to capture the unique ambiance of the holy month of Ramadan as we firmly believe that reaching out to the community is a deep-rooted Kuwaiti tradition”. Said Manal Faisal Al-Mattar, NBK Assistant General Manager of Public Relations and Communications.

Al-Mattar added that Kuwait University is a top rated academic initiation that highly values its students. As part of our annual “Do Good Deeds in Ramadan” program, we have included the university and its students as an integral part of our coverage to official institutions, community service societies and mosques, besides our other humanitarian and charitable initiatives dedicated to the holy month of Ramadan.

Al-Mattar pointed out that visiting the student residence felt like a family gathering, where we learned about the different habits and traditions related to the holy month of Ramadan in the GCC and neighboring countries. “We also aimed at establishing NBK’s consistent presence in various social occasions as part of being actively involved in the community and in line with our firm belief that the NBK’s corporate social responsibility initiatives are integral part of community development and porosity”, she added.

Head of the student residence department, Sharifa Al-Kandari, Head of the activities department Mai Al-Osaimi and residence controller Nada Al-Qabandi, as well as students welcomed NBK team led by the Bank’s executive management.  Deputy residence controller Mubarak Al-Enezi and social worker Salman Boodai also welcomed NBK team at the student residence. 

For over 20 years, NBK has carried out the "Do Good Deeds in Ramadan" program, which includes many events, contributions, social welfare and voluntary activities. This initiative is in line with NBK’s keenness to reach out to various social institutions and all sectors of the society, maintaining its leading position as a dedicated private institution that is keeping true to its CSR values through translating them into valuable programs and initiatives that have substantive social dimension.



Kuwait: NBK Shares the Joy of Gergean with Children at Naif Palace and Mubarakiya

22.05.2019

National Bank of Kuwait (NBK) shared the joy of Gergean with the children at Naif Palace and Mubarakiya. This is an annual tradition celebrated by children in Kuwait during the middle of the month of Ramadan. In order to share those joyous moments with the children, the Gergean event held in Mubarakiya was a fun filled entertainment program including an ice cream truck decorated with Gergean theme.

Meanwhile, at Nayef Palace, NBK participated in the Gergean celebration with fasting people and kids as part of the Bank’s sponsorship of the “Iftar Canon” program for the fourth consecutive year. Dedicated NBK volunteers are available on daily basis at Naif Palace around the time of Iftar to distribute meals to fasting people. In addition to that, NBK also offers valuable prizes to participants in the daily competition program aired on Kuwait TV.

“Sharing such joyous moments with the children's stems from our inclusive corporate social responsibility towards the community, especially that NBK highly recognizes the importance of its social initiatives as the best way to achieve Kuwait’s development, progress and prosperity”. said Joanne Al Abdul Jaleel, NBK Public Relations Officer.


Al Abdul Jaleel added that this visit is part of NBK’s Corporate Social Responsibility (CSR) Program held during the holy month of Ramadan, which is filled with various charitable and humanitarian activities, as well as social welfare initiatives through providing support to various institutions and social groups, in addition to volunteering efforts and charitable events.

During the holy month of Ramadan, NBK volunteers organize various visits, covering dozens of social centers and institutions as part of the Bank’s initiatives for the holy month of Ramadan.

NBK carries on its humanitarian initiatives and support of social welfare programs, as it firmly believes in the importance of corporate social responsibility and its effective impact in serving the community and its people, as well as emphasizing the leading role NBK has been playing in that field for many decades.



Kuwait: NBK distributes airline tickets at its Iftar tent in cooperation with Kuwait Airways

20.05.2019

National Bank of Kuwait (NBK) continues to welcome fasting people at its Iftar tent located at Ras Al Salmiya, where the Bank has recently organized a special event in cooperation with Kuwait Airways, including the distribution of airline tickets.

This collaborative effort is part of "Do Good Deeds in Ramadan" program and in line with the strategic partnership between NBK and Kuwait Airways. A draw was held for guests to win 10 airline tickets. The event was attended by Mark Davies, Director Marketing at Kuwait Airways, and NBK Public Relations Team Leaders, Talal Al-Turki and Yaqoub Al-Baqer.

This initiative reflects the social and charitable commitment of both organizations, especially in the holy month of Ramadan, where fasting people will be given the opportunity to travel to see their loved ones," NBK Public Relations Team Leaders, Talal Al-Turki said.

Al-Turki highlighted the distinctive and deep partnership between NBK and Kuwait Airways, confirming that it is not limited  only to business affairs, but also extends to supporting humanitarian and charitable causes.

Al-Turki said that the Iftar tent is open every day throughout the holy month of Ramadan before Iftar time and provides Iftar meals for all fasting guests who visit the tent. Dedicated NBK employees have volunteered to supervise welcoming and serving the guests including the distribution of iftar meals inside the tent. 

Al-Turki stressed that NBK Iftar tent is an integral part of the "Do Good Deeds In Ramadan” program, which also includes distributing meals to fasting people by visiting different locations, in addition to distributing Iftar meals at mosques and hospitals.

It is worth noting that NBK has introduced a new initiative at this year’s Iftar tent to reduce waste and encourage recycling in cooperation with Omnia Projects Management. By the end of the holy month, this initiative is expected to have recycled about 18,000 cardboard and plastic items.

For over 20 years, NBK has carried out the "Do Good Deeds in Ramadan" program, which includes many events, contributions, social welfare and voluntary activities. This initiative is in line with NBK’s keenness to reach out to various social institutions and all sectors of the society, maintaining its leading position as a dedicated private institution that is keeping true to its CSR values through translating them into valuable programs and initiatives that have substantive social dimension.



Kuwait: NBK Holds Lecture on Credit Cards and Protection against Fraud

20.05.2019

The National Bank of Kuwait (NBK) held a lecture on credit cards and protection against fraud, as part of its efforts to raise awareness about banking and security in the society at large, and to reaffirm its commitment to protecting customers in every service and product it provides.

The lecture was organized by Kuwait Lawyers Society and presented by NBK’s representatives, Mr. Sanad Al Shatti, Mr. Bader Aljanah and Mr. Bashar Ibrahim.

NBK ensures it always takes part in events that help promote banking services and the Bank's leading role in providing secure services to customers and ensure they can trust the latest banking solutions and therefore help advance the banking sector in Kuwait.

Introducing the lecture, Mr. Sanad Al Shatti, Head of Merchants Acquiring, National Bank of Kuwait, affirmed that the bank ensures to spread awareness about the banking sector and cooperates with the Central Bank of Kuwait in that regard. He pointed out that the Bank employs every method of communication with customers to provide them with all the necessary information related to their transactions and safety of their personal data.

Al Shatti said: "We are always seeking to spread awareness about the various aspects of banking and have most recently notified our customers to avoid having their cards double swiped through the stores system, in addition to other protective initiatives.”

In the first part of the lecture, Mr. Bader Aljanah, Credit Card Team Representative, National Bank of Kuwait gave a detailed presentation on the features and benefits offered by NBK Credit Cards.

He said: “NBK Credit Cards provide customers with a unique lifestyle and features that fit their needs, giving them access to many rewards and exclusive offers.”

Aljanah presented how customers can take advantage of the features offered by NBK Credit Cards, which include the NBK Rewards Program that give discounts and offers at over 850 stores in addition to ongoing campaigns launched throughout the year.

The second part of the lecture focused on ways to protect customers. Mr. Bashar Ibrahim, Senior Manager - Authorization & Fraud Control Unit, reaffirmed that NBK Credit Cards enjoy the highest level of security and protection and said: "NBK also ensures that it launches communication campaigns to help protect customers against any fraud possibility.”

Ibrahim presented the initiatives and efforts made by NBK in order to provide customers with the necessary protection.

NBK Credit Cards are the ideal payment method. Customers can enjoy many advantages when shopping with an NBK Credit Cards, including redeeming points in the NBK Rewards Program, collecting NBK Miles Points, purchase protection service, extended warranty service and entering the many NBK draws. To learn more about NBK Credit Cards, customers can visit nbk.com



Kuwait: NBK offers fridges to serve fast breaking meals at the Central Blood Bank

19.05.2019

National Bank of Kuwait (NBK) provided fridges to keep water and dates to be distributed at the Central Blood Bank in Jabriya during the holy month of Ramadan. This unprecedented initiative is in line with the Bank’s annual social program carried out throughout Ramadan.

A team of volunteers will continue to tour around to ensure that water and dates are delivered on daily basis to the Jabriya Blood Bank Center where refrigerators are available throughout the holy month.

“NBK's fridge distribution initiative is part of our efforts to strengthen our charitable program within the “Do Good Deeds in Ramadan” program. The initiative aims to provide fast breaking meals to fasting people and blood donors.” NBK Public Relations Team Leaders, Talal Al-Turki said, praising the Central Blood Bank’s efforts and cooperation in providing all the necessary support and facilities to ensure the success of this initiative.

Al-Turki pointed out that NBK has been launching this initiative for two consecutive years to distribute fast breaking meals to a number of mosques in order to share the spirit of the holy month of Ramadan across various destinations, as it extends beyond Iftar banquets and field visits, in addition to expanding the scope of the Bank’s contributions during this holy month. “Our campaign has received remarkable praise. This year, a team of NBK volunteers will distribute fridges at the Central Blood Bank in Jabriya and make sure that they are fully packed throughout the holy month to service the Center's visitors including fasting people and blood donors".

NBK Ramadan program includes Iftar banquets at NBK Iftar tent located in Ras Al-Salmiya, visiting various locations to distribute meals in remote and vital areas, in addition to public facilities working around the clock including hospitals and mosques, as well as distributing Iftar meals at Naif Palace and participating in Eid clothes charitable campaign and other initiatives.

NBK Ramadan Program is part of the Bank’s commitment to serving the community. This campaign translates NBK’s social and humanitarian mission into actions as it maintains its leading position and well established track record as a dedicated financial institution.  



Kuwait: NBK Shares an Iftar meal with Khairan Coast Guard Center In appreciation to their continued efforts

19.05.2019

National Bank of Kuwait (NBK) organized a special visit to Khairan Coast Guard Center to share a Ramadan Iftar meal with them in order to show its gratitude for their continued efforts and sacrifices in maintaining the country’s safety and security. The visit is part of “Do Good Deeds in Ramadan” Program organized every year. Khaled Al-Matrouk, NBK Chief Security Officer and NBK senior management participated in visiting the center. They were welcomed by Colonel Tareq Al-Wazzak, Director of Naval Brigade Unit at the General Directorate of the Kuwaiti Coast Guards and Acting Colonel Bashar Al-Musallam.

“NBK is proud of our public institutions and supports their vital role in serving the community”. NBK's PR Manager Abdul Mohsen Al-Rasheed said. “NBK is always keen on visiting the Coast Guard Centre to share an Iftar meal with its officers, to express its gratitude for leaving their families during the holy month of Ramadan to serve the nation and keep it safe”. 

Al-Rasheed added that NBK is proud to support the Coast Guard’s efforts and sacrifices, similar to other various social and humanitarian organizations that are committed to fulfilling their social duties and services.

Al-Rasheed highlighted the important role played by Coast Guard officers, describing it as a key and pivotal element in maintaining Kuwait’s security and stability since they represent the country’s protective shield.

The visit is part of a comprehensive program set up especially by NBK for the holy month of Ramadan, including NBK Iftar tent and field visits to remote areas, as well as Iftar program at Naif Palace and the distribution of small snacks to people to break their fasting.

During the holy month of Ramadan, the Bank participated in "Be the Change" recycling campaign in cooperation with Omnia Projects Management and buying Eid clothes for the children of underprivileged families in cooperation with LOYAC, in addition to many activities and initiatives including visiting children at hospitals, distributing gifts and hosting a Girgian party.



Kuwait: NBK Distributes Iftar Meals in Abu Halifa and Mahboula

16.05.2019

National Bank of Kuwait (NBK) distributed Iftar meals in Abu Halifa and Al Mahboula areas in line with NBK Iftar charitable campaign conducted throughout the holy month of Ramadan as part of “Do Good Deeds in Ramadan” program.

NBK convoys toured the inner-city neighborhoods of both areas, where dozens of volunteers distributed Iftar meals to fasting people.

 “NBK continues to carry out its field visits to distribute Iftar meals to fasting people throughout the holy month of Ramadan. Visiting Kuwait International Airport is part of the field visits that the bank seeks to carry out during this holy month, besides mosques, ministries, hospitals and places where there is a large number of low-income families, in addition to visiting public facilities and other key locations”. Yacoub Al-Baqer, NBK Public Relations Officer said.

Al-Baqer added that NBK Iftar campaign is a distinctive milestone and a main feature of the Bank’s annual Ramadan program. NBK is keen to focus on its initiatives dedicated to serve this campaign year after year, especially through intensive field visits, covering various regions in Kuwait, to provide iftar meals throughout the holy month. As part of this campaign, NBK continues to welcome fasting guests in its Iftar tent set up next to the Scientific Center, where a team of dedicated volunteers is present to welcome our visitors and serve them Iftar meals, in addition to providing any other required services they may need.

For over 20 years, NBK has carried out the "Do Good Deeds in Ramadan" program, which includes many events, contributions, social welfare and voluntary activities. This initiative is in line with NBK’s keenness to reach out to various social institutions and all sectors of the society, maintaining its leading position as a dedicated private institution that is keeping true to its CSR values through translating them into valuable programs and initiatives that have substantive social dimension.



Kuwait: NBK launches a waste recycling initiative in cooperation with Omnia Project Management

14.05.2019

National Bank of Kuwait (NBK), in cooperation with Omnia Project Management, launched a campaign to collect the waste of Iftar meals served at NBK Iftar Tent to recycle about 9,000 plastic bottles and 9,000 cardboard boxes, in addition to launching its recycling awareness campaign through social media to provide advice and guidance provided by a dedicate team from Omnia. 

This collaboration aims to protect the environment and reduce waste in line with NBK’s sustainable development strategy, which is aligned with the UN Sustainable Development Goals and New Kuwait Vision 2035. To translate this vision into action, dedicated recycling containers were placed in NBK Iftar Tent near the Scientific Center to encourage the community to participate in the recycling efforts.

"NBK is the first environmentally friendly bank in Kuwait, and this collaborative effort with Omnia represents a strategic partnership that seeks to contribute positively to environmental conservation and waste reduction. Through this partnership, NBK is keen to spread the culture of recycling waste and encourage people to adopt more environmentally friendly behaviors”. Yacoub Al-Baqer, NBK Public Relations Officer said.

 Al-Baqer added that NBK is constantly seeking to further enhance its investments and responsibilities aimed at promoting a healthy environmental culture that positively reflects on the community. NBK has maintained its leadership as a pioneer in adopting environmental initiatives within the Bank and for the benefit of the broader community. “By the end of Ramadan, we aim to recycle up to 18,000 plastic and cardboard waste items”. Confirmed Al-Baqer.

Al-Baqer pointed out that NBK’s cooperation with Omnia is not limited to the holy month of Ramadan, but it is rather a long-lasting project that involves the launch of an extensive campaign on social media to raise awareness about the importance of getting involved in recycling. “At NBK, we are proud of such pioneering Kuwaiti talents and aspirations, such as Omnia project aimed at the development of a new Kuwait built on sustainability, a dream all Kuwaitis aspire to achieve”. Al-Baqer added.

NBK has led many eco-friendly campaigns, including recycling paper waste throughout all its departments and energy conservation efforts. NBK has also launched several environmental campaigns, such as camping sites and beach clean-up campaigns at the beginning of the summer season. Moreover, NBK has heavily invested in its new green headquarters, which LEED Gold certified as an eco-friendly is building.

Omnia is a national environmental and cultural project aimed at spreading the culture of sorting and recycling waste in the society, creating a new industry and reducing environmental pollution.



Kuwait: NBK Distributes Iftar Meals in Khaitan and Al-Farwaniya

14.05.2019

National Bank of Kuwait (NBK) distributed Iftar meals in Khaitan and Al-Farwaniya as part of NBK Ramadan Charity Campaign; a sub-program of “Do Good Deeds in Ramadan”.

The Bank’s convoys toured the inner-city neighborhoods in both areas, where tens of NBK volunteers distributed meals to fasters.


NBK Public Relations Team Leader, Talal Al-Turki, said that NBK is committed to fulfilling its social mission in the holy month of Ramadan. In line with NBK social corporate responsibility and in maintaining the Bank’s consistent approach in serving the community, the Bank’s campaign is focused on distributing meals in remote, heavily populated and labor-intensive areas, in addition to corporations, hospitals, the airport, and other public utilities institutions.


Al-Turki added that NBK’s campaign also includes hosting fasting guests in the Iftar tent set up near the Scientific Center, where a team of volunteers will be present to greet the fasting guests and distribute meals, as well as to provide them with any other required services during their visit.


For over 20 years, NBK has carried out the "Do Good Deeds in Ramadan" program, which includes many events, contributions, social welfare and voluntary activities.

This initiative is in line with NBK’s keenness to reach out to various social institutions and all sectors of the society, maintaining its leading position as a dedicated private institution that is keeping true to its CSR values through translating them into valuable programs and initiatives that have substantive social dimension.

 



Kuwait: NBK wins global best innovation for real time payment tracker

14.05.2019

National Bank of Kuwait (NBK) was awarded the excellence in banking innovation for payment services by Global Finance Magazine, during its annual survey with input from hundreds of industry analysts, senior advisors and corporate executives from around the world.

NBK was selected as the best bank in 2019 in Real Time End-To-End Payment Tracking on Customer Payment which allow customers to track their transfers every step of the way.

Global Finance announced the winner of the World’s Best Digital Banking and the Most Innovative Digital Bank in its seventh annual awards recognizing the most innovative organizations in the following

sectors: Cash Management, Payments and Trade Finance, Corporate Finance and Islamic finance.

Dimitrios Kokosioulis, Deputy CEO, Group Head of Operations & IT at NBK said "This prestigious award is a testament to NBK’s ability to excel in innovative digital services, as it recognizes our successful digital transformation initiatives aimed at providing our customers with the best banking services.”.

“Digital innovation is a main pillar of the Bank's strategy to maintain our leadership in digital banking across regional and global markets through adopting and implementing the latest state-of-the-art banking technologies throughout all NBK’s operations.” He added.

NBK has always strived to offer the best services and products that meet customers’ needs, pioneering as the first Kuwaiti bank to introduce the latest technologies in electronic payments and direct transfers. 

NBK is the first bank in Kuwait to offer transfer tracking through its digital channels, including: NBK Online Banking, NBK Mobile Banking and NBK Corporate Online Banking, thus allowing customers to know their transfer status with NBK Swift Tracking in a fast and secure manner.

Global Finance Global Finance, founded in 1987, has a circulation of over 50,000 and readers in 188 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment strategic decisions at multinational companies and financial institutions. Global Finance is headquartered in New York, with offices around the world. 

NBK continues to enjoy collectively one of the highest ratings among all banks in the Middle East from the three international rating agencies Moody’s, Fitch Ratings and Standard and Poor’s. The Bank’s ratings are supported by its high capitalization, prudent lending policies, and its disciplined approach to asset management, in addition to its highly recognized and very stable management team. NBK was also named among Global Finance’s list of the 50 safest banks in the world for thirteen consecutive times and was awarded as the Best Bank in Kuwait in 2018 by the Banker, Euromoney and Global Finance.

For more information on Global Finance’s “The Innovators 2019”, please visit its website:

https://www.gfmag.com/advertising/press-releases/



Kuwait: NBK Sponsors “Iftar Cannon Program” At Naif Palace

13.05.2019

National Bank of Kuwait (NBK) serves daily Iftar meals at Naif Palace throughout the holy month of Ramadan, where fasting guests attend the firing of the Iftar cannon, in line with NBK’s sponsorship of the "Iftar Cannon" program hosted on Kuwait TV for the fourth consecutive year. This initiative is part of NBK’s annual Ramadan program "Do Good Deeds in Ramadan".

Sponsoring the “Iftar Cannon” program includes the distribution of valuable cash prizes to Naif Palace guests who visit to attend the daily Iftar Cannon Program aired life on TV.

“NBK maintains its commitment towards this initiative for the fourth consecutive year. The Bank employees volunteer every day at Naif Place to distribute meals to fasting people. We also present rewards and cash prizes for participants engaging in the daily competition program offered by Kuwait TV.” NBK Public Relations Team Leader, Talal Al-Turki said.

Al-Turki pointed out that “Do Good Deeds in Ramadan” initiative is an integral part of the sustainability program aimed at providing the necessary support to foster better living, education and health as the main pillars of social development and prosperity.

He also added that NBK provides Ifatr meals every year through NBK Ramadan Tent, field visits to mosques and meal distribution in densely populated areas, in order to stay closer to the community and closely fulfill the needs of various groups as part of the Bank’s commitment to its CSR mandate. 

NBK Ramadan Program is a key part of the Bank's commitment to serve the community. This campaign translates the NBK’s social and humanitarian message and emphasizes its commitment to the community. NBK has affirmed its leadership position in corporate social responsibility as it always embraces and fosters a consistent approach in that domain.



Kuwait: NBK and Mastercard Launch Multicurrency Prepaid Card With a Choice of 15 Currencies

12.05.2019

In line with its commitment to bring innovative banking solutions that cater to customers and their diverse lifestyles, National Bank of Kuwait and Mastercard have launched the NBK Multicurrency Prepaid Card that allows travelers and students living abroad to have the money they need at their convenience without the need to carry cash.

Customers can apply for the NBK Multicurrency Mastercard Prepaid Card through the NBK Online Banking and NBK Mobile Banking App and it will be delivered to them free of charge. The card can be used at any NBK ATM and international ATMs free of cash advance charge, which makes it work exactly like a debit card.

NBK Multicurrency Mastercard Prepaid Card can be reloaded easily with a choice of 15 different currencies including Kuwaiti Dinar, Emirati Dirham, Bahraini Dinar, Saudi Riyal, Egyptian Pound, Qatari Riyal, Omani Riyal, Jordanian Dinar, Singaporean Dollar, Canadian Dollar, Indian Rupee, Swiss Franc, Sterling Pound, Euro and US Dollar.

Bharath Subramanian, Debit Cards Head, National Bank of Kuwait said, “The NBK Multicurrency Mastercard Prepaid Card was designed to facilitate banking worldwide for our customers, especially during their travel. The card is a convenient and easy way to make hassle-free transactions anywhere, and can be reloaded with 15 currencies, in addition to many other features. It is also the ideal card for students abroad”.


Subramanian explained that the NBK Multicurrency Mastercard Prepaid Card is the ideal card to have when travelling as it allows the user to be in control of the amounts uploaded onto the card and gives customers access to a variety of benefits including: Offers on a wide selection of hotels, ease in booking at hotels and access to the NBK Rewards Program that offers many advantages and promotions.

Girish Nanda, General Manager, Mastercard, commented: “We are pleased to collaborate with NBK to launch the NBK Multicurrency Mastercard Prepaid Card, offering NBK Cardholders an easy, secure and convenient alternative to cash payments while abroad. Travelers today are looking for innovative solutions that enhance their vacation experiences, and with the NBK Multicurrency Prepaid Card they can enjoy a worry-free holiday by avoiding the risks of carrying cash while benefiting from the convenience of paying in local currencies across the world." 

With the NBK Multicurrency Mastercard Prepaid Card, customers don't need to exchange currencies and avoid changes in currency exchange rates, while purchases are calculated based on the exchange rate when the card is reloaded. The card can be used anywhere in the world, and it includes the free medical travel insurance policy required when applying for a Schengen visa. 

The card gives access to exclusive offers on hotels and flight bookings. Customers also gain points in the NBK Rewards Program, which can be redeemed at over 850 stores in Kuwait.

 



Kuwait: NBK Welcomes the 6th Batch of Trainees in the “Moody’s Credit Curriculum Program”

07.05.2019

The National Bank of Kuwait (NBK) welcomed the sixth batch of trainees in the “Moody's Credit Curriculum Program”, which was designed and organized in partnership with the international credit rating agency, Moody's Analytics.

Over a period of three months, the Moody's Credit Curriculum program will cover an array of topics including banking services, financial analysis, risk management, structure risk, credit challenges, financing, problem credits and solutions in financial and banking institutions.

18 trainees will take part of the program, coming from Corporate Banking Group, Consumer Banking Group, Risk Management, branches and other divisions.

The program support NBK’s strategy to invest in its employees’ skillset and capitalize on their potential in order to reach the highest levels of professionalism in the industry. It also translates the Bank’s endeavors in establishing a growing path in the career of its employees by providing them with training programs organized in partnership with leading universities and international institutions, in addition to training them to bring solutions to challenges in the banking sector.

NBK celebrated at the beginning of the year the graduation of 63 trainees from the Moody's Credit Curriculum Program which last a period of a year and a half.

Moody's is one of the best and oldest financial corporations specializing in economic research, financial analysis and evaluation of private and government institutions in terms of strength, financial position and creditworthiness.



Kuwait: NBK Executive Management Visits NBK Call Center and Airport Branches on the First Day of the Holy Month of Ramadan

07.05.2019

In recognition of employees’ efforts, hard work and dedication in providing customers with the best banking experience, a team from NBK executive management visited NBK locations that provide their services around the clock throughout the holy month of Ramadan. The site visits covered NBK Call Centre and NBK Branches at Kuwait International Airport, Terminals 1 and 4.

The visit took place on the first day of Ramadan, as NBK executive management is always keen to express the utmost appreciation to NBK employees for all their outstanding efforts in providing the best banking services and to demonstrate their ongoing support, in addition to the management desire to check the workflow at various locations.

Several NBK senior executives participated in the site visit including Chief Executive Officer – Kuwait, Mr. Salah Al-Fulaij, Deputy CEO - Kuwait, Mr. Sulaiman Al-Marzouq, General Manager – Consumer Banking Group, Mr. Mohammed Al-Othman and General Manager – Group Human Resources, and Mr. Imad Al-Ablani.

During the visit, the executive management team commended employees and praised their outstanding efforts and contributions towards enriching NBK customers’ banking experience. NBK customers have access to full services 24/7 during the holy month of Ramadan through various locations, in addition to NBK Call Centre, which offers immediate assistance and robust support to all customers’ needs.

A dedicated NBK Call Centre team receives customer calls to ensure that they provide them with the best banking experience. Call Centre agents may assist customers in conducting many transactions related to their bank accounts, credit cards and loan information, as well as providing assistance with bill payments and transfers between accounts. It also provides other support services, as customers may report lost or stolen cards, in addition to a wide array of other banking services to ensure the safety and security of customers’ information.

Moreover, NBK offers its services to passengers traveling via Kuwait International Airport through its two branches located in Terminal 4 (T4) and Terminal 1 (T1), which serve and cater to the needs of its customers 24/7. T4 is equipped with a reception area where travelers can rest before completing their transactions.  T4 is situated in a popular location where the needs of customers can be best served. The branch also offers a wide range of services that cater to travelers from the Terminal, including an Interactive Teller Machine (ITM), the second to be deployed by the Bank following the first ITM that is available at the Avenues. The branch also provides currency exchange services while a Multi-Currency ATM will soon be available in the duty-free area.

NBK always strives to provide a unique and exceptional banking experience around the clock, that reflects the Bank's commitment to a superior customer service while upholding its leadership position in satisfying its customers’ needs with the most advanced, innovative and safe products and services. 

NBK continues to strengthen its leadership position in the banking sector by maintaining the largest network of banking services in Kuwait, provided through branches, ATMs and Point of Sale (POS). NBK also allows customers to manage their accounts and finances around the clock seven days a week through NBK Online Banking and NBK Mobile Banking App, as well as the NBK Call Center on 1801801, that is available 24/7 to assist customers and answer all their queries.



Kuwait: In Partnership with NBK and its Largest Network NBK Capital Brings SmartWealth to Customers

05.05.2019

National Bank of Kuwait continues to bring innovative solutions to its customers, most recently introducing the SmartWealth service which was developed by the investment arm of NBK Group, NBK Capital. The service provides investors with the ability to obtain customized investment advice and execution services aimed for long-term investing.

The service enables investors to gain exposure to equities, fixed income, real estate and commodities securities as part of a multi-asset investment allocation. Investors will gain exposure throughout the world to regions such as the US, Europe, Asia and emerging markets. The service targets long-term investors who are planning for financial life goals such as home ownership, education funds, or general retirement.

SmartWealth provides trusted solutions for long-term investing. SmartWealth is a digital investment service based on a state of the art technology that customizes the model portfolio based on the customer’s risk appetite, financial goals and aspirations.

Speaking of the service, Hosam El Hourani, CFA from NBK Capital – Asset Management, said, “NBK Capital SmartWealth facilitates for investors to achieve their financial goals by availing to them best of breed solutions for long-term investing. The service enables them to obtain exposure to investments that are geographically diversified, in addition to exposure to multiple asset classes”. El Hourani added that SmartWealth has already received great response, proving that investors want solutions that support their goals and are in line with their lifestyle.

On another hand, Amal Al Duwaisan, Senior Manager, Consumer Banking Group, National Bank of Kuwait, said, “NBK and NBK Capital have partnered to launch investment workshops that are being run weekly in select branches across Kuwait. During these workshops, investment specialists from NBK Capital provide an overview of investment best practices and key principles of investment methodology. For investors interested in understanding SmartWealth further, this venue offers them an ability to discuss and work with specialists for their custom investment plan.”

SmartWealth provides investors with advice, recommendations, and execution services. In addition, investors have the ability to review, analyze, and administrate their investment portfolio through the use of SmartWealth service available on the website or mobile application.

Customers can open an account with SmartWealth by visiting nbkcapitalsmartwealth.com, download the application NBK Capital SmartWealth, or contact their relationship manager at an NBK branch.

NBK brings to the attention of customers that investing in securities involves risks. NBK Capital has made available further information about the SmartWealth’s features and risks on its website www.nbkcapitalsmartwealth.com. NBK also confirms that the content of this press release is provided for promotional purposes and that no necessary information about the service has been omitted.



Kuwait: NBK Launches its Summer Campaign for 2019

05.05.2019

National Bank of Kuwait (NBK) announced the launch of its annual summer campaign for 2019, which includes rewarding its customers when using NBK Cards in Kuwait and abroad. This year's campaign includes significant opportunities to get up to 15% cashback when using NBK Credit Cards throughout the campaign period, starting from May 1 until September 15, 2019. Customers will also have a chance to enter a draw and win cashback on their spends for a year.

NBK is always keen on rewarding its customers, providing them with the best services and products, as well as striving to offer the biggest prizes and unique campaigns that are tailored to meet their interest. This year, NBK launched the biggest summer campaign across Kuwait including numerous rewards.

This year, NBK Summer Campaign 2019, provides current customers, who are holders of NBK Credit Cards, with a unique opportunity to automatically receive up to 5% cashback on their duty free bills, when using their NBK Credit Cards.

NBK customers may choose a different merchant category to receive the cashback as follow: 15% for telecom bills, 10% for car rentals, 10% for jewelry/watches, 5% for duty free, 5% for restaurants, 5% for airlines, 3% for hotels, and 3% for clothing stores. In addition, customers have the chance to be among the 10 winners and get cashback for a year on their purchases and up to KD 500 per month, when using their NBK Cards.

"We are launching our Summer Campaign 2019 as part of our commitment to reward our customers with cashback for their purchases. This year we added a new feature, allowing them to choose the category where they like to earn their cashback.” Hanadi Khazal, Chief Marketing Officer, National Bank of Kuwait, said.

“NBK always strives to fulfill its customers’ needs. Those campaigns and offers are designed to meet their aspirations, and that is why this Summer Campaign is dedicated to winning cashback and doubling the rewards offered through this year’s draw.” Khazal added.

Regarding the draw, for every KD 1 spent locally using NBK Credit and Prepaid Cards, during the campaign period, customers will have a chance to enter the draw. Their chances will double during the holy month of Ramadan. Also, for those traveling abroad, the rewards and the chances of winning are even higher. NBK cardholders who use their eligible debit, credit or prepaid cards outside Kuwait earn three entries for every KD 1 spent. However, during the holy month of Ramadan, those traveling abroad will double their chances and earn six entries for every KD 1 spent on their NBK cards.

To qualify, customers need to spend monthly a minimum amount of KD 200 to get a chance to win cashback or enter the final draw at the campaign’s closing date.

NBK Credit Cards are the perfect way to pay for your purchases, as they are designed to provide added value and a wide range of benefits including earning NBK Rewards Program, NBK Miles Points, purchase protection, extended warranty and a chance to enter NBK’s various draws



Kuwait: NBK Extends Gold Sponsorship to Career Fair at the American University of the Middle East

30.04.2019

As part of the ongoing support it provides to newly graduated students in the first steps of their career, National Bank of Kuwait (NBK) has taken part as a gold sponsor in the Career Fair held at the American University of the Middle East (AUM) from April 29 to 30, 2019. The Bank aims to engage with students and encourage them to join the workforce and discuss opportunities with employers directly.

NBK believes in the importance of supporting students and graduates by providing them with the opportunities that will enable them to grow their talents within in important sectors such as the banking and financial sector, and therefore makes sure it participates and supports career fairs and events that target these young Kuwaiti talents.

Speaking of the participation at AUM’s Career Fair, Abdullah Al-Jassim, Head of Recruitment at the National Bank of Kuwait, said, “The Bank maintains its leading position in the private sector, recruiting and training Kuwaiti talents to qualify them to work in the banking industry.”

Al-Jassim highlighted that the Career Fair is a unique opportunity to share its work culture among students and graduates. He encouraged them to join the private sector and the banking sector in particular, showcasing the training programs that the Bank invests in to help them grow in their respective fields.

He said, “Career fairs are the ideal platforms to interact with ambitious students, and NBK is their ideal choice of employment for a promising career in the sector as they will find at our Bank the resources and programs that will develop their skills at par with international standards and competencies.”

He added that the process of recruitment of young professionals and their appointments to specific divisions in the Bank takes into consideration their skillset so as to ensure that their abilities are invested in properly, helping them become more productive and passionate at work.


NBK is committed to providing training programs for graduates and students to nurture their skills, familiarize them about professionalism at work, give them hands-on practical knowledge and training to enter the workforce market. NBK is one of the largest organizations in the private sector in Kuwait in supporting the youth segment.



Kuwait: NBK Reveals its Annual Social Program for the Holy Month of Ramadan

29.04.2019

National Bank of Kuwait (NBK) revealed its annual ‘Doing Good Deeds’ program during the Holy month of Ramadan. For more than 26 years, the program comprises a series of activities and events aimed at encouraging community engagement and solidarity and charity in Kuwait.


Abdelmohsin Al Rushaid, NBK Public Relations Executive Manager said “NBK will ramp up its charitable activities during the Holy month, as part of its commitment towards serving the society. NBK hopes to encourage a greater sense of community and charity during Ramadan and encourages its customers and staff to participate by ‘doing good deeds’ all month long.”

“It is a well rooted tradition that has been carried out by NBK each year in its efforts to continuously have an active role in the Kuwait society. NBK believes in the power of doing good,” added Al Rushaid.

Ramadan Tent and tours
NBK Ramadan Social Program includes more than 9000 fast-breaking banquets that will be held in a special tent near the Scientific Center.  NBK will also distribute Iftar meals via special convoys that will tour round the most crowded areas in the country.

Volunteers
NBK staff volunteers have already finalized all necessary arrangements for Ramadan tent to receive fasting people on the eve of first day of Ramadan. NBK staff volunteers will manage and supervise the fast-breaking banquets.

Hospitals and crowded areas
Dates and water will be offered to fasters driving at the iftar time. Also NBK will be distributing iftar banquets daily at a special center the bank constructed last year at Jleeb Shyoukh area. The NBK Ramadan Social Program will also include several visits by volunteers to NBK Children’s Hospital and other social institutions to celebrate gergean.

Naif Palace
For the fourth year in a row, 7500  iftar banquets will also be distributed at Naif Palace in addition to sponsoring Kuwait TV’s annual Live Ramadan Show at the palace and distribute prizes for fasters there.

 


 
Social visits
 
The NBK Ramadan Social Program will also include several visits by NBK's Public Relations Team and NBK staff volunteers to hospitals and institutions.

Social Media Activities
NBK Ramadan Social Program will also include daily awareness videos and health tips through the official social media channels of NBK on Facebook & Twitter and Instagram.



Kuwait: NBK Showcases Successful Experiences of Business Banking Customers

28.04.2019

In a commitment to supporting small and medium enterprises through banking services tailored to their needs, the Business Banking Group at National Bank of Kuwait held a talk at Al Shaheed Park to showcase the success stories of its business customers, discussing their challenges and the services offered by the Bank to help them overcome these obstacles to their growth.

The talk was attended by university students who engaged with the speakers on the business ideas, the challenges and experiences in operating in the Kuwaiti market. The talk aimed at inspiring students and provide them with valuable insights when they venture into entrepreneurship in the future.

Businesses who spoke at the event all agreed that the excellent range of banking products and services offered by NBK had a great impact on saving time and effort, reducing costs and assisting them in every phase of their business growth.

With a high interaction from the audience, mostly from the younger generation, reaffirms NBK’s support to them and in planning for their future.

Commenting on the campaign, Mr. Faisal Al Fulaij, Sales & Acquisition Manager, Business Banking Group, National Bank of Kuwait, said, "NBK holds such exclusive events to cater to our Business Banking customers and connect with small and medium enterprises in the best possible way, all while ensuring we provide them with the full support they need."

Al Fulaij added, “Today's event is one of the most unique events we’ve held, bringing together businesses that are our customers and that have succeeded with the support of NBK’s services and facilities. We are happy to see university students take part of such events which comes as part of our vision to also help young individuals in planning for their future and support them from the beginning of their careers.”

Al Fulaij reaffirmed that NBK will continue to provide Business Banking customers with more services in the coming period, always ensuring they receive the best banking solutions that are personalized to their needs.

NBK Business Banking customers have access to a wide range of banking products and services including: Business Banking Officers, Points of Sale, Business Banking Credit Cards, Online Salary Transfers, Online Banking, Insurance, Business Loans, Letters of Credit, Letters of Guarantee and local invoices.

NBK also provides 9 Business Banking branches tailored to the needs of customers and located across Kuwait, including: Head Office, Surra, Shuwaikh, Mubarak Al Kabeer, Arraya Tower 2 (5th floor), Fintas, Ghazali, Sharq, and Ras Salmiya. These branches provide a team of professionals with different expertise to service Business Banking customers. Customers benefit from a one-on-one experience with their Business Banking Officer for credit, financial and investment consulting, commercial finance and treasury.

Customers can complete their banking transactions in a seamless and convenient, and visit NBK.com to learn more about the Business Banking products and services.



Kuwait: NBK Announces Winners of Al Jawhara Weekly Draw

25.04.2019

The National Bank of Kuwait continues to reward its customers with Al Jawhara Account through weekly, monthly and quarterly draws. The bank recently announced the winners of the weekly draw for the month of April, naming, Talal Abdulraheem Fahad AlZaid, Jamal Khalied Abdullatif Alduhaim, Heirs of Khayriya Habib Ramadan Boushehri and Min Hussain Maitham Taleb Hajeyah, as the winners of the KD 5,000 prize each.

Automatically entering customers into the draws, Al Jawhara Account gives customers a chance to win KD 5,000 weekly, KD 125,000 monthly and a KD 250,000 grand prize quarterly for every KD 50 deposited into their account. If no withdrawal or transfers occur on the account during the required period, customers will receive an additional chance to enter the draw for every KD 50 held in the account, doubling their chance to win.

Since 2012, the National Bank of Kuwait has rewarded loyal customers with a total worth of prizes up to KD 2,200,000 in the weekly, monthly, and quarterly Al Jawhara draws. All the draws are conducted in the presence of a representative from the Ministry of Commerce & Industry and the name of all the winners are announced.

Customers can open an Al Jawhara Account by simply visiting any NBK Branch. Also, NBK Customers can conveniently open an Al Jawhara Account through the NBK Online Banking and NBK Mobile Banking. For more information about Al Jawhara Account, please visit: nbk.com.



Kuwait: NBK Sponsors Forum on “The Dynamics of Disruption in Digital Business Transformation”

24.04.2019

As part of its ongoing support to programs that aim to introduce knowledge and experience among professionals and the society as a whole, the National Bank of Kuwait (NBK) sponsored “The Dynamics of Disruption in Digital Business Transformation” forum that was organized by the Institute of Banking Studies and presented by IMD Professor of Innovation and Strategy, Michael Wade.

Held at Symphony Hotel, the discussions focused on the strategic advantages gained through a flexible business as well as how to link strategies to on-ground execution.

28 individual took part of the forum and discusses the concept of digital business transformation, managing principal business goals, as well as increasing revenue, reducing cost, maintaining profitability, increasing market share, and ensuring customer satisfaction through digital tools.

During the workshop, participants were trained on how to let go of traditional methods in business management, look at changes introduced in other business sectors regionally and internationally, and identify challenges and opportunities associated with the process of digital transformation.

Mr. Emad Al-Ablani General Manager of Group Human Resources, said, “NBK’s main sponsorship of the event falls as part of our commitment to actively contribute to increase the knowledge in the work sector and develop the skillset of professionals working in the banking sector.”

He added that the discussions on innovation and creativity are the key focus of NBK in increasing the performance of its employees through training programs that apply leading international standards.

Al-Ablani further explained that NBK continues to sponsor programs aimed at developing the skills of Kuwaiti professionals in general and in the banking sector in particular, to enable professionals to easily adopt at work and qualify them to lead in the future.

Al-Ablani highlighted the significance of the role of the Institute of Banking Studies in spreading the culture of banking through programs and events that contribute to the development of employees in the financial and banking sector in Kuwait.

Michael Wade is the Director of the Global Center for Digital Business Transformation at IMD and has published nine books, more than one hundred articles, presentations, and case studies,
writes a regular column for Fortune on digital disruption, and appears frequently in the mainstream media. His Latest book is Orchestrating Transformation: How to Deliver Winning Performance with a Connected Approach to Change, published in early 2019.

He was named one of the top ten digital thought leaders in Switzerland from 2016 to 2018. He was also nominated for teaching awards in the MBA, International MBA, and Executive MBA programs. Michael sits on three company boards as a digitally-focused advisor. Prior to joining IMD, he was the Academic Director of the Kellogg-Schulich Executive MBA Program in Canada.

Honoring NBK

On the sidelines of the seminar, the Director General of the Institute of Banking Studies, Dr. Yacoub Al-Rifai, presented an honorary shield to Al-Ablani in recognition of NBK’s role in supporting the seminars and programs organized by the Institute of Banking Studies.

 



Kuwait: NBK welcomes its 8th batch of “Yalla Watani” trainees for 2019

22.04.2019

The National Bank of Kuwait (NBK) welcomed a new batch of trainees attending the “Yalla Watani” program, training newly hired employees to work in the bank’s branches.

The training course covers numerous banking aspects including: banking principals, credit cards, loans, account types, insurance, fraud risks, money laundering, bank branches systems and evaluation.

The program also includes a module on developing soft skills like self-esteem, self-evaluation, achieving outstanding performance, change and innovation, management and effective communication techniques, work ethics and teamwork.

 The training program, which was attended by 18 trainees over a period of 3 weeks, aimd at providing the required training on the banks branches working mechanism through skill development prior to embarking on the field training at the branches.

The trainees were welcomed by NBK executives headed by Mr. Emad Ahmed Al Ablani, General Manager, Group Human Resources, in addition to area managers, and executives from Group Human Resources.

Yalla Watani is one of the most important career development programs held in the private sector for Kuwaiti fresh graduates. The course seeks to provide participants with professional training through covering various banking aspects arming them with the necessary qualifications required to work within the bank’s professional system.

The training program is an integral part of NBK’s annual training programs aimed at attracting young national talents, as the program is tailored to meet the market’s demands through training and developing opportunities for fresh graduates who have passed the prequalification exams to join the course.     
 



Kuwait: NBK Sponsors the Career Fair at the Australian College of Kuwait

17.04.2019

As part of its ongoing support of graduating students in the first steps of their career, National Bank of Kuwait (NBK) took part in the annual Career Fair held at the Australian College of Kuwait (ACK) on April 7th and 8th, engaging with students and encouraging them to start their career by connecting directly with professionals and employers.

NBK’s participation in ACK’s Career Fair comes as a continuation to its commitment to supporting students and graduates by providing them with the opportunity to work in a leading organization in the banking and finance sector. NBK is focused on participating in such events to attract promising Kuwaiti talents.

These events are an important opportunity for newly graduated students to learn about the career opportunities available in workforce market, and allow them to find what they seek and aspire for in the appropriate working environment that can foster and grow their skills. They are also a platform for NBK to be introduced to Kuwaiti talents and recruit them in its professional work setting.

Commenting on the success of the Fair, Mr. Abdulla Al-Jassim, Head of Recruitment at the Bank, said: “NBK invests great efforts in recruiting and developing the skills of young Kuwaiti talents”.
Al-Jassim added that NBK is unique with its strong resources and skills and professional development programs that are at par with international standards.

The NBK pavilion saw a large number of visits from students whom interacted with members of the Human Resources Group at the Bank. Students’ queries were answered as they filled in application forms to work at the Bank. NBK wants to encourage new graduates to join the banking sector which plays a major role in the development of the Kuwaiti economy.

NBK is committed to providing training programs for graduates and students to nurture their skills, familiarize them about professionalism at work, give them hands-on practical knowledge and training to enter the workforce market. NBK is one of the largest organizations in the private sector in Kuwait in supporting the youth segment.

NBK is focused on attracting young Kuwaiti talents as part of its development and training plans that invest in Kuwaitis to build a promising banking generation. The Bank provides training and professional and academic programs in its position as a leading banking institutions in Kuwait that ensures its young professionals receive the training programs they need to grow.



Kuwait: NBK Strategic sponsor for KBA Night Run

16.04.2019

National Bank of Kuwait (NBK) sponsored the 5km “KBA Night Run”, organized by the Kuwait Banking Association, for the second consecutive year. The run took place on the 13th of April and witnessed the participation of families, athletes and runners.

NBK’s support to this event is a strategic partnership and comes in line with NBK’s commitment to support youths’ health. This sponsorship aims to spread physical awareness and attract youth to participate in sporting events.

NBK Public Relations Team Leader, Talal Al Turki, said: “NBK's sponsorship to this event comes in line with the bank's customary and ongoing spirit of corporate citizenship as well as the vital role it plays in supporting youth and their health.

NBK always strives to empower youth to realize their potentials, providing different supportive opportunities”.

“NBK is proud to support Kuwait Banking Association sports event for the second consecutive year”, added Al Turki. “The purpose of this event is to increase fitness awareness for all Kuwait citizens. This event sheds light on the potential of youth in regards to fitness and sport awareness”.

NBK has always considered supporting youth an essential part of its social and philanthropic outreach which comes in line with the bank`s commitment to encourage a merit-based  system in health, education and environment that promotes the best and the brightest the country has to offer.

The 5km run took place at night and targeted both genders of all age groups at any level of fitness. The event aimed at empowering adults and youth to do exercise  for a healthier overall lifestyle. The run was accompanied by an exhibition of fitness which brought together health clubs, relevant food companies and sponsors.
 



Kuwait: NBK reports 1Q 2019 net profit of KD 107.7 million, growing by 15.1%

15.04.2019

Kuwait City, Kuwait, 14 April 2019: The National Bank of Kuwait (“NBK”, the “Bank” or the “Group”) has announced its financial results for the first quarter of 2019. NBK reported a net profit of KD 107.7 million (USD 354.1 million), which increased by 15.1% on the first quarter of 2018, with total assets increasing by 2.4% year on year to reach KD 27.4 billion (USD 90.1 billion).

Commenting on the results, NBK Group Chairman, Nasser Al-Sayer, said:
"NBK's strong results in the first quarter of 2019 are a continuation of the Bank's robust performance, which reflects the success of the Group's strategy to consolidate our leading position in the domestic market while continuing to expand the scope of our international operations to further diversify the Group's profit streams and ensure continued future growth.

NBK’s performance in the first quarter of 2019 confirms the solid financial fundamentals of the Group and its ability to generate revenues from core banking activities. Net operating income increased by 5.7% year-on-year to KD 225.6 million (USD 741.5 million), with growth recorded across almost all business lines.

The domestic operating environment is promising as the government continues with its development plan, thus increased capital spending.

Kuwait’s fiscal position is better than peers given the substantial buffers and strong sovereign ratings; creating room for acceleration in spending despite volatile oil prices and the expected slower growth rates globally.
Furthermore, NBK remains committed to support and finance development projects under Kuwait’s 2035 vision. We aspire to remain the leaders for mega projects financing and play our role in supporting the prosperity of the national economy.”

 NBK Group CEO, Isam Al-Sager, commented:

“We are very proud of the strong financial results reported for the first three months of 2019 as it reflects the success of our diversification strategy and leadership of the Kuwaiti banking sector. Our strategy was further bolstered through the Bank's Islamic banking arm, Boubyan Bank, which continues to contribute positively to the Group’s bottom line and supports the maintenance of a dominant share in the local market.

The strong growth in financial results coincides with NBK's strategy of maintaining asset quality and maximizing the value to shareholders. This is clearly reflected by the improvement in our profitability indicators; where the return on average assets reached 1.59% compared to 1.44% in the first quarter of 2018, while the return on average equity reached 14.5% against 13.2% in the first quarter of 2018.

Moreover, the Bank continued to maintain high levels of capital, with capital adequacy ratio reaching 16.9% as of end of March 2019; exceeding the minimum regulatory requirements.

We aim to better utilize our international operations with an aspiration to further increase its contribution to the Group’s profits. In the first quarter of 2019, our international operations contribution to total Group’s profits reached 25%. In Egypt, we continue to focus on increasing our market share in the retail sector, relying on the transfer of our expertise in providing leading technological solutions to the region's largest market in terms of population; while in KSA, we will seek to grow the client-base and AuMs of our recently launched NBK Wealth Management Company.

In France, NBK’s Paris office was converted into a full subsidiary as a conservative and long-term positioning no matter how Brexit ends up. This will guarantee the Bank’s ability to continue serving clients with business ties within Europe and MENA.

Our diversification strategy is not only limited to our geographical presence, it focuses also on diversifying our products and services offered to our clients. The Bank is investing in implementing the digital transformation strategy via various initiatives that includes all the activities and markets in which we operate. This has already helped us achieve our long-term goals, ensuring that we maintain our leadership and provide the best banking services” Al-Sager concluded.
 



Kuwait: NBK Introduces More than 14 Updates to the NBK Mobile Banking App for Faster and Easier Transactions

14.04.2019

As part of its ongoing investments in providing advanced and safe technologies and services to its customers, the National Bank of Kuwait has introduced more than 14 new updates and services to the NBK Mobile Banking App, during 2018 and the beginning of 2019. The purpose of the new enhancements is to provide customers with convenient and secure services that will enable them to complete their banking transactions quickly and easily.

The first of these enhancements is the NBK Swift Tracking, through which customers can track their money transfers conveniently anytime, anywhere by simply logging in to the NBK Mobile Banking App and clicking on the account statement history to view the status of their transfer.

NBK also launched the Standing Orders through the Mobile Banking App to make automatic recurring transfers, in addition to making amendments or deleting these standing orders.

The NBK Mobile Banking App also features the e-Payments Service to make electronic payments for purchases at a large number of local and international companies such as telecoms, retail facilities, entertainment and more.

As for the NBK Quick Pay, it provides customers with an easy way to transfer amounts or make payments immediately even on weekends or public holidays.

And for the first time in Kuwait, NBK lets its customers activate their dormant accounts instantly and at their convenience. This is done by logging in to the NBK Mobile Banking App and selecting the “Dormant Account Activation” feature under “Self-Services”.

Customers can also update their phone number or email address through the NBK Mobile Banking App saving the trip to the branch.

Commenting on the new enhancements and services introduced to the NBK Mobile Banking App, Hala Al Shoaibi, Executive Alternative Channels Manager, National Bank of Kuwait said, "We are focused at NBK on providing the newest technologically-advanced services in our NBK Mobile Banking App, and our most recently introduced services come in line with that focus which ensure our customers are able to complete their transactions anytime, anywhere, in a few fast and easy taps, without having to visit their nearest branch."

Al Shoaibi added, "The NBK Mobile Banking App is a convenient tool to manage expenses, and the new services have received a positive and great response from our customers.”.

Al Shoaibi reaffirmed that the Bank’s vision from launching such services is to enable customers from banking online anytime, quickly and safely.

The NBK Mobile Banking App is a safe method to manage accounts. Customers can conveniently open a new account, view transactions made on accounts and credit cards, check their NBK Miles Points and NBK Rewards Points, pay outstanding credit cards receivables, pay bills online, find the nearest branch, ATM or CDM in Kuwait, as well as submit an account statement request, checkbook and other requests.

In addition to these features, NBK Mobile Banking is a great companion while travelling as it allows customers to manage their cards, increase their monthly transfer limit, and update their contact details.

The NBK Mobile Banking App is available in Arabic and English on iPhone®, iPad®, iPod Touch®, Android®, as well as on Apple Watch and Android Wear. In addition, the App can be used on more than one device and customers can access the account in one touch using the advanced "fingerprint" or “Face ID” technology.

NBK strives to provide integrated and advanced banking solutions to its customers, and continues to expand its product and service offering and provides easy and secure payment solutions that meet the needs and requirements of customers.



Kuwait: NBK Continues its support to the Elderly care Department, at the Ministry of social affairs

11.04.2019

National Bank of Kuwait (NBK) continues its support to the Elderly Care Department at the Ministry of social affairs to Support home mobility for elderly for more than 10 years.

NBK’s support included maintenance of the mobility service that the bank provided, as part of its commitment towards aiding the elderly and continuance of maintaining the donation to help in overcoming all obstacles.

NBK Public Relations Team Leader, Talal Al Turki and Asmaa Bin Hussain, NBK Public Relations Officer, visited Dr. Amani Al Tabtabaei, the Elderly Care Department Director, to reassure NBK’s continuous support to the department.

Al Turki praised the department’s efforts to support elderly in need and stressed that NBK believes that the private sector should play a major role in supporting the government’s policy towards  social aid, in order to maintain the country’s approach towards a sustainable future and guarantee better methods  to adopt advanced systems  and ways to care for those in need.

NBK's sponsorship and support comes in line with the bank's customary and ongoing spirit of corporate citizenship as well as the vital role it plays in supporting all social causes.

During the past years, NBK has promoted a range of philanthropic missions and social welfare programs as part of the humanitarian dimension of its corporate social responsibility (CSR).

NBK continues to be a leader in CSR, standing as a model in serving all aspects of Kuwait`s community. In addition to health, NBK’s corporate social responsibility programs cover a range of education, environment, philanthropic, social and sports-related initiatives. 
 



Kuwait: NBK Sponsors the “Career Fair”

04.04.2019

National Bank of Kuwait (NBK) sponsored “Career Fair” aimed at connecting Kuwaiti youth with potential career opportunities in the private sector.

The fair was organized by the Youth Empowerment Program (Tamkeen) at Gulf University for Science & Technology (GUST) and Kuwait University-College of Administrative Sciences.

This initiative comes in line with NBK's efforts towards supporting national youth through providing the necessary development and training to acquaint them with the labour market needs, in order  to equip them to embark on their professional paths.

The career fair seeks to open channels of direct communication between private sector companies and job seekers and to provide suitable job opportunities for students and fresh graduates.

NBK human resources personnel were available at its booths and provided their advice and guidance to students seeking assistance with future career choices, in addition to educating them on the nature of joining the banking industry and guiding them through the required procedure to join NBK.  

"NBK continues to establish its leadership among private sector institutions as we have consistently attracted and trained national manpower, successfully developed their skills and put them on the right path to be part of the banking sector," Mr. Abdullah Al-Jassim, Head of Recruitment at NBK Group said.

Al-Jassim highlighted that the career fair is a unique event that offers NBK with an opportunity to spread its culture among students and graduates.

He urged the national youth to get employed in the private sector in general, and the banking sector in particular, through providing them with training programs that equip and qualify them to embark in the professional world.  

Al-Jassim also pointed out that NBK is the ideal choice for new graduates as well as those looking for a promising career as it has wealth of resources and rich development programs in line with the highest international standards, designed specifically to refine and enhance work related skills.

He added that applicants are appointed to each department based on their qualifications and abilities, properly investing their talents to their benefit and to help them grow.

NBK is focused on attracting young Kuwaiti talents as part of its development and training plans that invest in Kuwaitis to build a promising banking generation. As a leading banking institutions in Kuwait, NBK provides professional and academic training programs as part of its mission aimed at ensuring that  young professionals receive the training programs they need to grow.

 



Kuwait: NBK welcomes its 7th batch of “Yalla Watani” trainees for 2019

04.04.2019

National Bank of Kuwait (NBK) welcomed a new batch of trainees attending “Yalla Watani” program for training newly hired employees to work in the bank’s various branches.

The training course covers numerous  banking aspects including: banking principals, credit cards, loans, account types, insurance, fraud risks, money laundering and bank branches and systems evaluation.

The program also includes a module on developing soft skills like self-esteem, self-evaluation, achieving outstanding performance, change and innovation, management and effective communication techniques, work ethics, and teamwork.

 The training program, which was attended by 18 trainees over a period of two weeks, aims at providing the required training on bank branches working mechanism through skill development prior to embarking on the field training at the bank branches.

The trainees were welcomed by NBK executives headed by Mr. Emad Ahmed Al Ablani, General Manager, Group Human Resources and Mr. Mohamed Al Othman General Manager of Consumer Banking Group, in addition to area managers, and executives from Group Human Resources.

Yalla Watani is one of the most important career developments programs held in the private sector for Kuwaiti fresh graduates.

The course seeks to provide participants with professional training through covering various banking aspects arming them with the necessary qualifications required to work within the bank’s professional system.

The training program is an integral part of NBK’s annual training programs aimed at attracting young national talents, as the program is tailored to meet the labor market’s demands through providing training and developing opportunities to fresh graduates who have passed the prequalification exams to join the course.  



Kuwait: National Bank of Kuwait launches the sixth Cohort of its Leadership Development ‘High Fliers’ Program

03.04.2019

National Bank of Kuwait (NBK), in cooperation with IE Business School, Madrid, launched its sixth edition of the Leadership Development Program, The “High Fliers Program”, targeting high potential employees with a proven record of high performance and leadership potential.

Commenting on the launch of this year's edition, Emad Al-Ablani, Group General Manager-Human Resources said: "NBK maintains its leading position in the local and regional markets through its focus on human resources development, as they are the cornerstone of our organization's success".

Al-Ablani added that NBK is always keen on fostering leadership capability and support employees' professional development by providing the best training programs in cooperation with the world's premier academic institutions to keep abreast of the banking industry's new developments.

"Human resources development is an integral part of NBK's strategic plans, as our workforce's    efficiency is the backbone of our business, as they set the bar for the quality of our banking offerings across the markets in which we operate," Al-Ablani added.

The training program extends over a period of 6 months and covers various modules including among others:  developing new and unconventional thinking, building a culture of excellence, managing change and innovation, measuring and managing performance, effective communication, high performance teamwork, customer centricity, design thinking and effective guidance and training.

The program is primarily designed to enable trainees to unlock their full potential, encouraging them to combine technical and leadership skills to attain strategic leadership thinking qualities upon successful completion.

Founded in 1973, IE Madrid is one of the top leading business schools in the world. It is consistently recognized as one of the world’s top centers of learning by international magazines and publications including Forbes, the Economist, The Financial Times and Bloomberg.



Kuwait: NBK Sponsors Fitness Challenge Festival at Al Shaheed Park

31.03.2019

National Bank of Kuwait (NBK) sponsored Fitness Challenge festival at Al Shaheed Park. The  festival started on the 6th of March and will be concluded on the 6th of April with a special fitness challenge day; which will be held in collaboration with a number of gyms and vendors.

The sponsorship comes in line with NBK’s commitment to support youths’ health. Participants can visit the sports management website “Provision” for registration. This sponsorship aims to spread physical awareness and attract youth to participate in sporting events.

NBK Public Relations Team Leader, Talal Al Turki, said: “NBK's sponsorship to this sports event comes in line with the bank's customary and ongoing spirit of corporate citizenship as well as the vital role it plays in supporting youth and their health. NBK always strives to empower youth to realize their potentials, providing different supportive opportunities”.

“NBK will host games and various sports challenges on the 6th of April and will reward winners with valuable prizes”, added Al Turki. “The purpose of this event is to increase fitness awareness for all Kuwait citizens. This event sheds the light on the potential of youth in regards to fitness and sport awareness”.

The Fitness Challenge Festival will include sports challenges that will attract a large number of participants. The competitions in this festival comprised a range of physical challenges that depend on the strength, flexibility and endurance, all of which will contribute to raise the spirit of positive competition among youth.

NBK has always considered supporting youth an essential part of its social and philanthropic outreach which comes in line with the bank`s commitment to encourage a merit-based  system in health, education and environment that promotes the best and the brightest the country has to offer.



Kuwait: NBK sponsors LOYAC’s activities

28.03.2019

National Bank of Kuwait (NBK) continues its support to LOYAC and sponsors its activities for the year 2019 as part of its commitment toward corporate social responsibility.

NBK Assistant General Manager, Manal Al Mattar visited LOYAC’s Managing Director and Vice Chairperson Fadia Al Marzooq.

“NBK’s sponsorship is part of its ongoing drive to fulfill its corporate social responsibilities”, said Al Mattar. “NBK endeavors to shoulder its social responsibilities and share with the various private and public sector institutions and departments the burdens and responsibilities of broader national efforts towards social advancement”.

Al Mattar added “NBK's sponsorship and support comes in line with the bank's customary and ongoing spirit of corporate citizenship as well as the vital role it plays in supporting youth.”

NBK’s Sponsorship to LOYAC for the year 2019 included its platinum sponsorship for “KON”. KON is a social entrepreneurship program co-created with Babson College in Boston, one of the leading institutions in the world for Entrepreneurship Education. The program targets youth between the ages of 12 – 16.

Also, the sponsorship includes cultural trips to China and Cambodia for youth aged between 14 and These trips are designed to build the leadership skills in t youth personalities, introduce them to different cultures, raise awareness towards volunteering and donating.

NBK continues to promote a range of philanthropic missions and social welfare programs as part of the humanitarian dimension of its corporate social responsibility to assert its leadership in supporting Kuwait’s social development, standing as a model in serving all aspects of the community.

LOYAC is a nonprofit organization that runs several programs for the youth to develop their professional skills, enhance their personal growth and help them find their sense of purpose by extending themselves to others.



Kuwait: More than 300 Children with their families celebrated NBK’s annual carnival at its Specialty Hospital

27.03.2019

National Bank of Kuwait (NBK) organized a carnival its Children’s Hospital at Al Sabah Medical Area. NBK- Group CEO Isam Al Sager and NBK- Kuwait Deputy CEO and NBK General Manager, Treasury Group, Sulaiman Barrak al Marzouq attended the ceremony, along with President of Kuwait Association for the Care of Children in Hospital (KACCH) Dr. Hilal Al Sayer, The Founder and Director of KACCH, Margaret Al Sayer, Children from Beit Abdullah and NBK family who shared happy moments with children and their families.

The carnival included several activities that attracted more than 300 children and their parents from NBK Hospital and Bayt Abdullah. The festival comprised a range of shows all of which contribute to raise the spirit of positivity, fun and encouragement among patients and families.

“We take great pride today in celebrating with our children at NBK Hospital,” said Manal Al Mattar, Assistant General Manager, NBK Public relations. “NBK has always considered supporting the children an essential part of its social and philanthropic outreach.” 

“The Carnival stands as one of many NBK initiatives for children. It comes as part of a fun activity program designed for the Hospital’s patients and extends all year long, aiming at supporting children while they get their treatment,”she added. “It is obvious that such efforts and initiatives are making significant impact on patients, families and NBK Hospital staff.”

NBK also organized story telling sessions and movie nights for children at the Specialty Hospital and Stem Cell Therapy Unit during the month of March, as part of a fun-activity program that was launched to support children while they get their treatment and extends all the year round.

NBK's commitment to shoulder its corporate social responsibility was the basic motive that led NBK to develop the hospital’s project and build the Stem Cell Therapy Unit at Sabah Medical district. NBK Children’s Hospital stands as a landmark for the bank's social initiatives towards children.



Kuwait: NBK Announces Winnerof KD 250,000 in Al Jawhara’s Quarterly Draw

27.03.2019

National Bank of Kuwait announced the lucky winner of KD 250,000 during Al Jawhara Account’s quarterly draw held in an event at 360 Mall and attended by a representative from the Ministry of Commerce and Industry as well as representatives from NBK.

The draw was broadcasted live on FM 88.8 Kuwait Pulse and through a large screen that enabled customers and visitors to enjoy the live draw which announced Minor Layan Basem Alghadban as the winner of the grand prize of KD 250,000 in the quarterly draw.

After announcing the winner a myriad of balloons were flown in the area of the event with some including cash prizes.

Customers of Al Jawhara Account enter automatically in the weekly, monthly and quarterly draws, giving them the chance to win KD 5,000 weekly, KD 125,000 monthly and the grand prize of KD 250,000 quarterly for every KD 50 deposited in their Al Jawhara Account.

To enter the Al Jawhara valuable draws, customers must deposit the minimum opening amount of KD 400 while the maximum amount that can be held is KD 500,000. Customers’ chances of entering the draws double for every KD 50 when the amounts are not used for a given period of time.

Commenting on the event, Suresh Varadarajan, Head of Liabilities & Insurance, Consumer Banking Group, National Bank of Kuwait, said, “We wanted to make the announcement of the winner of KD 250,000 a unique moment through this event and we are very pleased of the great response we’ve received from visitors who also left with cash prizes. We congratulate the winner of the quarterly draw and look forward to rewarding more customers of Al Jawhara Account.”

Varadarajan added, “Al Jawhara Account is a great way to save and win, and offers great benefits such a free NBK Visa Debit card, access to the NBK Mobile Banking App and NBK Online Banking to easily manage their Account and many other features.”

NBK also recently announced the winners in Al Jawhara’s weekly draw for the month of March, which were: Eman Ibrahim Yousef Alabdulrazaq, Fadi Saleh Moubarak Alobaid Alshammari and Soheer Alaa Aldeen Tawfeeq Jumaa. 

Customers can open an Al Jawhara Account by simply visiting their nearest branch or through the NBK Mobile Banking and NBK Online Banking.

NBK has rewarded customers with over KD 2,200,000 annually since 2012 through its weekly, monthly and annual draws.

The Bank is also committed to offering customers discounts, offers and prizes all year long as part of its focus to cater to the needs of customers, which also ensures customers receive the best banking experience, the safest and most advanced.



Kuwait: NBK Announces Winners in the “Zeina Save & Win” Campaign

26.03.2019

National Bank of Kuwait concluded its latest “Zeina Save & Win” campaign launched during 2018, rewarding ten new customers with KD 250 each in the quarterly draw, and another KD 500 in the annual draw which was held end of last year.

The Zeina Account was specifically designed to cater to young customers that do not exceed the age of 15 years old, in an aim to educate them from a very early age about banking and saving for the future. Zeina Account gives customers access to a debit card, in addition to services and activities that enable them to learn about the basic principles of saving and managing their account.

The winners of KD 500 in the annual draw were:

-        Muneerah Talal Fahad Al-Ghanim

-        Manar Salah Mohammad Ali

-        Omar Khaled Abdulwahab Al-Shati

-        Abdulaziz Fawaz Abdulaziz Al-Othman 

-        Roqaya Mohammad Taher Darweesh

-        Mariam Faisal Mansour Al-Sabah

-        Sheikh Ali Saud Ali Al-Sabah

-        Nouf Jassem Bader Al-Sumait

-        Salah Sulaiman Abdulaziz Al-Othman

-        Zainab Ibrahim Abbas Bakhsh

The winners of KD 250 each in the quarterly draw were:

-        Abdullah Faisal Eissa Al-Yaqoub

-        Ghaliah Adel Mebred Al-Azmi

-        Abdulaziz Ahmad Mohammad Al-Besher

-        Zaid Husain Ismail Al-Jazzaf

-        Muneerah Naser Al-Enezi

-        Zahraa Ali Abdullah Abul

-        Mohammad Bader Naser Al-Lanqawi

-        Nour Fawzi Saleh Al-Attar

-        Faisal Saad Faisal Al-Mutawa

-        Nour Hassan AbdulSalam

Commenting on the draw, Bedoor Al Adsani, Consumer Banking Group, National Bank of Kuwait, said: “We congratulate the winners in the Zeina Save & Win campaign, which we launched last year to reward our young customers on a quarterly and annually basis. We promise Zeina Account holders with new and unique campaigns.”

Al Adsani added: “In addition to the rewards launched throughout the year, the Zeina Account offers unique services for a banking experience that is dedicated to young customers, giving them access to ongoing activities that aim to educate them about saving. The account is also a great way to help parents plan for the future of their children.”

In addition to these rewards, the account gives a free Zeina Debit Card, the choice between an interest-bearing Savings Account or an interest-free Trust Account, exclusive events held all-year-round and many discounts with the Zeina Debit Card.

Parents can open a Zeina Account for their children by visiting their nearest NBK branch or nbk.com.



Kuwait: NBK Sponsors “The Dynamics of Disruption” Discussion Forum

26.03.2019

National Bank of Kuwait (NBK) announced that it is sponsoring “The Dynamics of Disruption” discussion forum on April 9, 2019 led by IMD Professor of Innovation and Strategy, Michael Wade. NBK’s sponsorship of this event is part of its efforts to effectively contribute to increasing awareness and knowledge to all segments of the society. 

The discussion forum, organized by the Institute of Banking Studies, will be held at Symphony Style Hotel. Several key topics will be discussed, including the strategic advantage through business agility and linking strategy to execution.

The session aims at providing participants with a deeper insight into digital business transformation as well as exploring how to drive business value, like revenue, cost savings, profit, market share, and customer satisfaction from digital tools and technologies.

The session will also include how to push your business ‘outside your comfort zone’, to see what is happening away from your local and regional markets, and to recognize the opportunities and threats of digital disruption.
Michael Wade is the Director of the Global Center for Digital Business Transformation at IMD.

He has published nine books, more than one hundred articles, presentations, and case studies, writes a regular column for Fortune on digital disruption, and appears frequently in the mainstream media. His latest book is Orchestrating Transformation: How to Deliver Winning Performance with a Connected Approach to Change, published in early 2019.

Michael has been named one of the top ten digital thought leaders in Switzerland from 2016 to 2018. He has been nominated for teaching awards in the MBA, International MBA, and Executive MBA programs.

Michael sits on three company boards as a digitally-focused advisor. Prior to joining IMD, he was the Academic Director of the Kellogg-Schulich Executive MBA Program in Canada.

NBK is always proud to support community endeavors like this event as part of its Corporate Social Responsibility (CSR) initiatives aimed towards community learning and development across various areas, including social and educational fields.



Kuwait: NBK Inaugurates Second Branch at Kuwait International Airport at Terminal 4

24.03.2019

The National Bank of Kuwait inaugurated on Thursday its second branch at Kuwait International Airport during a ceremony attended by Sheikh Salman Sabah Al-Salem Al-Humoud Al-Sabah, President of the Directorate General of Civil Aviation (DGCA), Mr. Yousef Abdul Hamid Al Jassim, Chairman of Kuwait Airways, Mr. Kwang So Lee, CEO - Incheon Korea Airport Cooperation, as well as leaders from National Bank of Kuwait which comprised Mr. Isam Jassim Al-Sager, NBK Group Chief Executive Officer, Mr. Salah Al-Fulaij, NBK Chief Executive Officer-Kuwait, Mr. Mohammed Al Othman, General Manager of Consumer Banking Group, National Bank of Kuwait, and officials from Ministry of Interior.

Located at Terminal 4 (T4), the branch inauguration comes as part of the Bank’s strategy to expand its network locally to better serve and cater to the needs of its customers at any place and any time. The new branch operates 24/7, every day of the week and is equipped with a reception area where travelers can rest before completing their transactions.

The new branch also offers a wide range of services that cater to travelers from the Terminal, including an Interactive Teller Machine (ITM), the second to be deployed by the Bank following the first ITM that is available at The Avenues. The branch also provides currency exchange services while a Multi-Currency ATM will soon be available in the duty free area.

Speaking at the inauguration, Mr. Mohammed Al Othman, General Manager of Consumer Banking Group, National Bank of Kuwait said, “We are pleased to be opening our newest branch at Kuwait International Airport and specifically at the new Terminal T4 which will enable us to be closer to our customers and offer them the best banking experience when completing their transactions conveniently at any time.”

Al Othman added that the new branch welcomes all segments of customers all day long, ensuring they receive an exceptional banking experience that reflects the Bank's commitment to a superior customer service while upholding its leadership position in satisfying its customers’ needs with the most advanced, innovative and safe products and services.

Also speaking of the inauguration, Mr. Ali Al-Mulla, Area Manager, National Bank of Kuwait, said that NBK is today the only bank in Kuwait serving travelers and customers in two terminals at Kuwait International Airport, the first located at T1 and the newest at T4. The expansion of the network responds to a strategy to be present in popular locations where the needs of customers can be served. The new branch does not only cater to traveler but also to customers who would require a service at any time of the day and to which the branch would be closer to them.”

On his part, Mr. Homoud Al-Nasrallah, Area Manager, National Bank of Kuwait, reaffirmed NBK’s commitment to customers with the opening of the new branch. He added: “NBK is the only bank that offers its services to customers in two branches at Kuwait International Airport, and has made Multi-Currency ATMs available for customers to withdraw cash in six currencies that are the Kuwaiti Dinar, US dollar, Euro, British Pound, UAE Dirham and Saudi Riyal. These ATMs have been strategically placed at the arrival and departure areas to serve everyone.”

NBK continues to strengthen its leadership position in the banking sector by maintaining the largest network of banking services in Kuwait, provided through branches, ATMs and Point of Sale (POS). NBK also allows customers to manage their accounts and finances round the clock seven days a week through the NBK Online Banking and NBK Mobile Banking App, as well as the NBK Call Center on 1801801



France: NBK – France is our new banking arm in Europe

24.03.2019

National Bank of Kuwait (NBK) successfully established NBK France SA after completing all procedures required to convert NBK (International) PLC in Paris into a full subsidiary, as the bank continues to expand its global footprint, especially in the European market through its presence in France, the second largest economy in Europe and the sixth largest economy in the world.

This important step is part of NBK's strategy to strengthen its presence in core markets in line with its strategy aimed to diversify income sources and increase the contribution of international operations to the Group's net profits which jumped to 30.4% in 2018 compared to 29.4% in 2017. International Banking Group’s (IBG) total assets increased by 7.5% year-on-year, reaching KWD 9.8 billion by the end of the year.

“The conversion of NBK (International) PLC in France to a full branch is a major milestone in the bank’s contingency plan to maintain our leadership in the European market no-matter how Brexit ends up”. NBK’s Deputy GCEO Ms. Shaikha Al Bahar said.

Al-Bahar highlighted that the new subsidiary provides access to the European Union (EU) member countries through passporting rights, thus taking over the role performed by NBK London in the event of Brexit.

‘NBK France SA will continue to pursue the Group's strategy to expand in EU markets and focus on supporting trade between Europe and the MENA region, as well as performing its role in providing banking services to NBK clients in Europe. It will also focus on reinforcing relations with European companies that work in Kuwait or intend to further extend their activities in the region”. Al-Bahar added.

Moreover, Al-Bahar highlighted NBK’s focus on offering both residential and commercial real estate financing facilities, as well as other real estate related services in the French market, expressing its importance as a key destination for real estate investments as it attracts great interests from Kuwaiti and GCC investors due to the great opportunities it provides.

International Banking Group (IBG) continues to capitalize on extending our product and service offering through reaching NBK customers in the various geographies that we operate in. 

NBK has the widest international presence in four continents, with operations in 15 countries, 3 of which are in Europe, namely; the UK, France and Switzerland. 



KSA: NBK meets Governor of Riyadh, Prince Faisal bin Bandar

24.03.2019

A delegation from National Bank of Kuwait (NBK) met with Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh province at his office in the Royal Palace to discuss a number of topics related to investment and business.

 The meeting was attended by NBK senior executives;  Isam Jassim Al-Sager - Group Chief Executive Officer at National Bank of Kuwait, Faisal Al-Hamad, CEO, NBK Capital, Malek Khalife. Head of Global Private Banking, and Musaad Al-Sudairy, CEO, NBK Wealth Management.

"Saudi Arabia is a market that carries a wealth of opportunities that are aligned with NBK Group's expansion strategy, focused on seizing regional investment opportunities," said Mr. Issam Jassim Al-Sager, Group CEO, noting that the Kingdom is undergoing a major economic transformation that  will help in positioning it as an attractive business investment environment across various key sectors for global participant.

Al-Sager added that the Saudi market is a cornerstone in the Group’s regional expanding strategy, as we expanded our presence through launching 3 new branches in Riyadh, Jeddah and Damam.  We also entered Saudi Arabia’s wealth management market, through the launch of Al Watani Wealth Management Company, as it has already  finalized hiring staff and started to attract Assets Under Management (AUM). 

He also highlighted that NBK will continue to focus on growing its client base and expanding it AUM in Saudi Arabi through Al-Watani Wealth Management Company, which aims to leave a distinguished footprint in the Saudi Capital Market, in line with the Kingdom's “Vision 2030” and CMA's "Financial Leadership 2020" program aimed at stimulating investments, actively contributing to raising the attractiveness and efficiency of the financial market and enhancing its competitiveness on the regional and international fronts. 

Last year, Al-Watani Wealth Management acquired CMA's license to operate in the Saudi capital market after fulfilling all the requirements and conditions to conduct Dealing as Principal, Investment Fund Management, Discretionary Portfolio Management, Arranging, Advising and Custody activities in the securities business.



Kuwait: NBK grants Ali and Malik’s wish to become Fire Fighters

17.03.2019

National Bank of Kuwait (NBK) continues its “I Dream to Be” initiative, a first-of-a-kind initiative that aims at granting wishes for children with cancer, giving them the chance to live their dreams.

Ali Moath and Malik Houshani who are undergoing treatment at NBK Hospital, have always wished to live the experience as being fire fighters. NBK helped in making their dream come true in collaboration with Kuwait Fire Service Directorate to teach them the basics of emergency and the kind of equipment used to deal with mishaps.

NBK arranged a visit for Ali and Malik to the Fire Service Directorate who provided the children with a two-hour training and tour in the fire station facilities, in addition to a live demonstration to assist citizens.

“Ali and Malik’s dream to become fire fighters is yet another wish granted through NBK’s “I dream to be” initiative. We are proud to be a part of the children’s dreams and expand our support to them as much as possible,” said Joanne Al Abdul Jaleel, NBK Public Relations Officer.

She added: “This initiative is a great way to spread joy and show that there’s always a positive side to a difficult situation. We ask children what they want to be and try to fulfill that for them.”

NBK gives top priority to children through its commitment to its corporate social responsibility. NBK works closely with the Kuwait Association for the Care of Children in Hospitals (KACCH), Bayt Abdullah for the Care of Children in Hospice (BACCH) and several other special needs organizations to maximize its reach to all the children in numerous hospitals and schools.

NBK has been at the forefront of supporting Kuwait’s community through a range of initiatives towards education, health, sports and social responsibilities. The establishment of NBK’s Children Hospital for Oncology and Hematology at Al Sabah Medical Area stands as one of many ongoing corporate social initiatives towards health and children. “I dream to be” aims at focusing and supporting NBK’s efforts towards children and addressing their needs as much as possible.



Kuwait: NBK’s Yalla Watani Welcomes New Batch of Trainees for the Year 2019

15.03.2019

The National Bank of Kuwait (NBK) welcomed the newly recruited employees in the  "Yalla Watani" programs for the year 2019, training them to work in the Bank’s branches and call center. 

The program trained 33 participants and provided them with a complete overview of the functions and practices of the branches and call center , ensuring that they adapt to the workplace environment.

The training programs covered various aspects of the banking field, including banking principles, credit cards, loans & accounts, anti-money laundering, insurance, fraud risks, in addition to the methods of evaluating the Bank’s systems and branches.

“Yalla Watani” also focused on self-development in order to enhance the productivity and performance of the trainees. The program promoted self-confidence and self-esteem, by training them to build outstanding performance, to adapt to change and innovation, yo implement effective communication, and to promotes positive behavior and teamwork.

The new batch of trainees were welcomed to the program by a number of the Bank's leaders, Mr. Emad Al-Ablani General Manager of Group Human Resources and Mr. Mohammed Al Othman, General Manager of the Consumer Banking Group.

Speaking of the program, Mr. Emad Al-Ablani General Manager of Group Human Resources, said, “Yalla Watani was specifically designed to train newly recruited employees with the professional skills they need in order to adapt faster to the Bank’s work requirements.”

Al-Ablani highlighted that NBK’s strategy is to attract young Kuwaiti talents and develop their skills to prepare them to become future leaders.

He added: “NBK organizes training programs that aim to develop and improve our employees’ skills to set them on the path to achieve their professional objectives, and positively contribute to the Bank’s overall goals.

Yalla Watani is one of NBK’s ongoing training programs focusing on young talents. The program is developed in line with the needs of the work market, providing training opportunities to newly graduates who have successfully passed NBK’s entry test.
 



Kuwait: NBK Celebrates Outstanding Employees of 2018 During Elite Awards Annual Ceremony

14.03.2019

National Bank of Kuwait held its annual Elite Awards ceremony honoring outstanding employees in the Consumer Banking Group (CBG) in recognition for their efforts during 2018. The ceremony was held at Arraya Ballroom- Courtyard Marriott hotel and attended by leaders of the Bank, Mr. Isam Jassim Al-Sager, NBK Group Chief Executive Officer, Ms. Shaikha Al Bahar, NBK Deputy Group CEO, Mr. Salah Al-Fulaij, NBK Chief Executive Officer-Kuwait, Mr. Sulaiman Al-Marzouk, Deputy Chief Executive Officer-Kuwait, Mr. Mohammed Al Othman, General Manager of Consumer Banking Group, Mr. Emad Al-Ablani, Group General Manager-Human Resources, and Ms. Hanadi Khazal, Chief Marketing Officer, National Bank of Kuwait.

The ceremony recognized the efforts and achievements of CBG employees for 2018, and included entertaining segments.

Speaking of the annual ceremony, Mr. Mohammed Al Othman, General Manager of Consumer Banking Group, said, “The Elite Awards ceremony is one of the significant events organized by NBK annually to honor our employees for their exceptional efforts and performance during the year.

“NBK’s employees are an example of efficiency and progress, and we are committed to investing in their capabilities and careers, which in turn supports our leadership position and the quality services and products we offer to our customers.”

During the ceremony, Al Othman congratulated the employees on their excellent achievements which reflected on the new services and products launched by NBK during the year, notably on NBK Online Banking and NBK Mobile Banking App, providing customers with a faster and more convenient services while maintaining the highest standards of quality and security, as well as always exceeding customers’ expectations.

On her part, Ms. Hanadi Khazal, Chief Marketing Officer, National Bank of Kuwait, said, “We are committed to this annual event to honor those who have played a crucial role in providing the best customer service. We focus on attracting talented professionals and helping them grow opportunities that express their promising potential.”

Khazal pointed out that the positive work environment at NBK and the culture of motivation encourage employees to give their best service. The results were clear with the launch of many services and campaigns during the past year, which have all gained the satisfaction of customers.

Khazal congratulated employees who were honored and stressed that the talents working at NBK helped in launching leading products, and affirmed that the bank will launch unique campaigns and services this year that will continue to meet the needs of every banking segment.

Mr. Hisham Al-Nusf, Assistant General Manager of Consumer Banking Group, added: "NBK employees look forward to this event every year as a reward to their performance and stimulator towards excellency, this will help in maintaining NBK's leadership position in the banking sector in Kuwait.”

NBK's Consumer Banking Group launched and updated many services and products during 2018, including 14 new services and updates on the NBK Mobile Banking App such as the NBK Swift Tracking which allows customers to track their money transfers conveniently anytime, anywhere, and the e-Payments Service to make electronic payments for purchases at a large number of local and international companies such as telecoms, retail facilities, entertainment and more.

NBK also launched the NBK Quick Pay, providing customers with an easy way to receive or transfer amounts from and to friends, or make payments for bills immediately even on weekends or public holidays. And for the first time in Kuwait, NBK enabled its customers to activate their dormant accounts instantly and at their convenience. This is done by logging in to the NBK Mobile Banking App and selecting the “Dormant Account Activation” feature under “Self Services”.

Customers can also update their phone number or email address through the NBK Mobile Banking App saving the trip to the branch.

The NBK Mobile Banking App is a safe method to manage accounts. Customers can conveniently open a new account, view transactions made on accounts and credit cards, check their NBK Miles Points and NBK Rewards Program Points, pay outstanding credit cards receivables, pay bills online, find the nearest branch, ATM or CDM in Kuwait, as well as submit an account statement request, checkbook and other requests.

Always innovating for its customers, NBK also ensured it stays in touch with customers through live Video Chat with service agents, while also launching the NBK SelfiePay through which customers can authenticate their online transactions by a simple face or fingerprint recognition.

In addition to these services, NBK has made new enhancements to ATMs and CDMs for customers to enjoy cardless withdrawals using Civil ID or mobile phone number, and use the NBK Tap & Pay debit card or any NFC-enabled debit card to withdraw or deposit money with only a tap and without inserting their card in the machine.

The bank was also the first to launch the NBK Direct Remit using RippleNet’s Blockchain technology, to deliver fast cross-border transfers to customers. NBK's direct transfer service is completed in record time and is available to all customers 24 hours a day, 7 days a week.



Kuwait: NBK organizes its annual carnival at Bayt Abdullah

11.03.2019

National Bank of Kuwait (NBK) organized its annual carnival at the Children's Hospice Project Bayt Abdullah.

NBK takes great pride in celebrating with children at Bayt Abdullah. NBK has always considered supporting the children as an essential part of its social and philanthropic outreach.

NBK is proud of its support and cooperation with bayt Abdallah. This project does not only look after children with terminal conditions, it goes deep in to recognizing how to manage their pain rather than sedate it.

Children enjoyed many fun activities in the carnival that was titled “Safari Festival”. Many fun games and challenges occurred.

Since its establishment, NBK has been at the forefront of supporting Kuwait’s community through a range of education, health, sports and social initiatives. NBK’s Children Hospital at Al Sabah Medical Area stands as one of many NBK initiatives for children.

Also, NBK expanded the hospital capacity by  building the first of its kind in Kuwait, the independent marrow transplant center at NBK’s Children Hospital, in order to treat children with cancer and blood diseases.
Bayt Abdullah Children’s Hospice was designed to accommodate the needs of children with life-limiting and life-threatening conditions and their families, in Kuwait.

The hospice is part of a continuum of care that offers children and their families the maximum freedom of choice without compromising the quality of that care, whether at home in hospital or within the hospice itself.
 



Kuwait: NBK’s AGM was held yesterday with a 79.97% quorum and approved all BOD’s proposals

10.03.2019


NBK’s Chairman Mr. Nasser Al-Sayer affirmed that “NBK Group has achieved strong performance across all business segments in 2018. Such strong results reflect the success of the bank’s strategy aimed to expand its international operations and increase their contribution to the Group's profits, in line with NBK’s keenness to affirm its leadership in the local market”.

This was part of Al-Sayer’s message at NBK’s Ordinary (AGM) and Extraordinary (EGM) General Assembly meeting for 2018 that was held today (Saturday. 9 March 2019), at which there was a quorum of 79.97 %. The AGM and EGM approved the Board of Directors’ recommendation to distribute 35% cash dividend to shareholders (equivalent to 35 fils per share) and the distribution of 5% bonus shares (5 shares for every 100 shares owned).

Al-Sayer added that NBK continued its strong financial performance in 2018, achieving a record annual net profit of KD 371 million compared to KD 322 million in 2017, a growth of 15% y-o-y.

Comprehensive Diversification 

Al-Sayer said that NBK has made significant progress in its pursuit of the diversification strategy. He added that the strategy is not limited to the Bank's products and services but extends to expanding its operations in all the markets it operates as its continuously seeks more opportunities, in addition to committing to digital transformation, which will enable the Group to continue its growth in the future.

Al-Sayer also assured the role that NBK plays in supporting economic growth and the agenda of ‘New Kuwait 2035’, stating that NBK is the no.1 bank for financing public and private projects, a status that it intends to maintain. 

As global oil prices improved in the first half of last year, it gave a major boost to GCC sovereign balance sheets – with improved fiscal positions, although these were somewhat dented by bearish market conditions later in the year. He confirmed the strength of the Kuwaiti economy despite fluctuations in oil prices and this is borne out by the strong sovereign credit ratings that it has maintained, adding that further reforms are still required to boost longer-term growth potential.

Record Results

NBK’s Group CEO Mr. Isam Al-Sager said that “NBK continued its strong performance during 2018 achieving record net profits. The solid results reflect the Bank’s solid financial performance and the soundness of its risk-mitigation strategy through diversifying its sources of income and expanding into new geographies, while maintaining competitive advantage in the local market by providing conventional and Islamic banking services through our subsidiary Boubyan Bank”.

He highlighted that NBK maintained a conservative approach to risk mitigation, reflected in the confirmation of strong long-term credit ratings. The Bank’s robust asset quality metrics held steady, with the NPL/gross loans ratio at 1.38% and an NPL coverage ratio of 228.1%. The Group maintained a high level of capitalization, with a capital adequacy ratio of 17.2% as of the end of 2018, comfortably in excess of the Central Bank of Kuwait’s requirement.

He highlighted the growth of NBK’s balance sheet in 2018, with total assets increasing by 5.4% to reach KD 27.4 billion, whereas shareholders’ equity was up by 3.3% y-o-y, as it stood at KD 2.95 billion. Customer loans and advances increased by 6.9% to KD 15.5 billion, while customer deposits increased by 4.4% to reach KD 14.4 billion.

Al-Sager added: “NBK managed to maintain high profitability as it constituted 38% of the aggregate profits reported by the banking sector in Kuwait, which is a testament to the strength of our leading position in the local market”.

Strong leadership

Al-Sager stressed that NBK's has a leading and prominent position in the Kuwaiti market based on solid fundamentals reflected by the strength of all financial indicators and large balance sheet.

 Al-Sager mentioned that a core component of the diversification theme in 2018 was the considerable effort made by the Bank towards its digital transformation. The programme is cross-segment and cross-geography, impacting internal processes and systems as well as the experience and opportunities of our customers. He highlighted that the successful efforts in that regard positioned the bank for the next generation in digital banking services.

He also pointed out to NBK’s Key role in supporting Kuwait’s economic growth as it is the no.1 bank for financing mega public projects, besides that, the Bank’s strategy is aligned with the objectives outlined in  the government’s development plan ‘New Kuwait 2035’.

Al-Sager concluded: “Our primary objective is to deliver superior returns to shareholders, which we will achieve by defending our leadership of core businesses, maintaining our dominant share of the domestic Kuwaiti market, achieving growth in target segments and exploiting our international presence”.

The Bank of the Future

Commenting on NBK’s solid performance throughout 2018, NBK’s Deputy GCEO Ms. Shaikha Al Bahar said: “What we achieved in 2018 makes it a special year across the board. We successfully managed to develop a road map to attain our strategic objective to be the bank of the future, thus maintain our leadership both locally and internationally. That was made possible through the successful implementation of our digital transformation strategy, which in turn, reflected throughout all our activities and services, in addition to exponentially growing our international operations across all markets we operate in”.

These successes were clearly reflected in the Group's performance in 2018 with operating profit growing by 8.9% to KD 606.9 million, noting that the increase in profit was driven by growth in financing activities, growth in income from fees and commissions, and the effective cost management policies resulted in a cost-to-income ratio of 31.3%.

Expanded Global Footprint

Al-Bahar reflected on the expansion of NBK Group’s international banking operations in 2018, as it accounted for 30.4% of the Group’s net profit, increasing from a contribution of 29.4% in 2017. She highlighted the importance of NBK’s international operations, stressing that: “The growth of international operations is a key factor in maintaining NBK's leadership. International operations are not limited only to geographic expansion but also increase the Bank's ability to provide a wider range of unique services that sets us apart from our competitors”.

“Our focus on expanding NBK’s international operation in 2018 was mainly focused on the Egyptian market which constitutes about one third of our international banking group’s profits, as we provided a wider range of unique services that differentiate the Bank from other competitors. This year in Egypt, a strong emphasis was placed on building the quality and reach of the Consumer Banking business, to diversify in terms of both income and operations”, Al-Bahar added.

She pointed out that NBK managed to affirm its position, as it injected more investments through increasing its branches in the Kingdom, and the launch of Al Watani Wealth Management business, as it managed to finalize hiring staff and started to attract assets under management. This is a huge milestone which supports NBK Capital in its broader objective to become the Group’s investment product design platform, product manager and asset manager for clients in Kuwait and the region. 

As for the Bank’s operations in Europe, Al-Bahar pointed out that NBK’s Paris office was converted into a full subsidiary as a conservative and long-term positioning no-matter how Brexit ends up.

Digital Transformation

Speaking on the Group’s investment in technology and innovation, Al-Bahar confirmed that NBK has made considerable strides in 2018, in line with NBK’s ongoing efforts to implement its comprehensive digital transformation strategy which covers all the activities and markets it operates in, as well as internal work systems and operations. This is an important driver for the growth of our digital offering, and an essential step towards maximizing coverage and improving the banking experience.
“The most important achievement of 2018 was the completion of NBK’s Digital Roadmap, which is focused on building a “digital mindset” for the Bank, to support our effort towards offering our customers the most innovative products and services.” Al-Bahar stated.

Al-Bahar mentioned that the digital transformation strategy aims at developing mobile and internet banking services. New features launched in 2018 included upgraded mobile banking, video chat through mobile and online banking, selfie-pay and a host of ATM enhancements.

Mega Deals

Meanwhile, NBK-Kuwait CEO, Mr. Salah Al Fulaij said: “NBK had a great performance in 2018 despite challenging business environment in the local and regional markets, in addition to the oil market volatility throughout the year”.

Al-Fulaij affirmed that NBK continued to consolidate its leadership through its participation in the largest financing deals across various key sectors in Kuwait. The priority was to confirm the bank's leadership in the local market, as we managed to have 25% of the market.

Al-Fulaij highlighted the key transaction that NBK participated in which included participation in a KD 390 million term loan for KIPIC, of which NBK accounted for 35%, i.e. KD 140 million. NBK also provided a USD 500 million credit facility in the international commercial finance tranche of Duqm Refinery in Oman, in which NBK also acted as the credit facility agent for the USD 1.43 billion international trade financing segment provided to the refinery.

 He pointed out that the above mentioned  mega deals were alongside a series of other smaller deals for the KPC group of companies, with whom the Bank has a close relationship, as the ‘house bank’ for KPC and its subsidiaries.

“The Group’s main objectives are to act as the primary banker for leading local companies and to remain the bank of choice for foreign companies, continuing to serve at least 75% of them locally. It also aims to maintain a Trade Finance market share of over 30%. In achieving the above, we continue to offer a wide range of services, expanding our coverage and broadening the range of products we offer”, Al-Fulaij said.

Innovative Services

Al-Fulaij confirmed that NBK has been at the forefront of promoting digital transformation, stating that in recognition of its leadership in digital banking products, Global Finance presented three awards to NBK, including Best in Mobile Banking (Consumer, Kuwait), Best Consumer Digital Bank (Kuwait) and Best Mobile Banking App (Consumer, Kuwait). 

That prominent position was a result of introducing new services and unique enhancements in 2018 in NBK Mobile banking offerings such as an easy registration process, e-payment services for various services in the education, telecom, entertainment sectors.

Al-Fulaij pointed out that the excellence of the services provided by the bank is supported by the key role played by our human capital. Currently, NBK employs over 6,000 employees from 53 different nationalities across four continents around the world. We are also proud of having a 45% female employees representation within the Group, which is a remarkable achievement in the banking sector and the regional labor market.
Al-Fulaij concluded by saying that NBK is the biggest contributor to CSR, as it is at the forefront of private sector organizations when it comes to dedications of environmental, social and economic initiatives and programs, including NBK’s ongoing and direct investment in NBK Children’s Hospital, which houses a Stem Cell Therapy Unit along with Pediatric Hematology and Oncology facilities, in addition to NBK  awareness campaigns covering a wide range of health, environmental, cultural, mother and child initiatives.



Kuwait: NBK Wins “Best Bank in Liquidity Management Middle East” and “Best Treasury and Cash Management in Kuwait” Awards by Global Finance for 2019

06.03.2019


In its annual survey which gathers the opinion of hundreds of established financial experts, analysts, senior consultancy and executives from around the world, Global Finance Magazine awarded the National Bank of Kuwait (NBK) two new awards for the year 2019, the first is the “Best Bank for Liquidity Management Middle East and North Africa” and the second is “Best Treasury and Cash Management in Kuwait”.

Global Finance Magazine rates the best providers in treasury and cash management based on a variety of criteria that comprise profitability, market share, customer service, competitive pricing, innovative products and the level to which these institutions exceed their competitors in terms of providing treasury and cash management services.

The Magazine then announces the winners in the four sub-categories in 65 countries and seven geographic regions across the world, covering Africa, Asia and the Pacific, Central and Eastern Europe, Latin America, the Middle East, the North Region, North America and Western Europe.

The awards ceremony will be held on the sidelines of the International Banking Operations Seminar, SIBOS 2019, which will be hosted in London in September.

Headquartered in New York, Global Finance was founded in 1987 and has over 50,000 readers from 188 countries. Global Finance’s audience includes Chairmen, Presidents, CEOs, CFOs, Treasurers and other senior financial officers responsible for making investment and strategic business decisions at multinational companies and financial institutions.

Each year, Global Finance selects the best financial institutions in a thorough survey around the world. These awards have become a recognized and trusted standard of excellence, regionally and internationally.

NBK maintains the highest credit ratings among banks in the Middle East, receiving leading ratings from leading agencies such as Moody's, Fitch and Standard & Poor's. NBK has a strong capitalization and prudent lending policies, a systematic approach to asset management, and a stable management.

NBK is also ranked among the 50 safest banks in the world for the 13th consecutive year, and has been awarded the “Best Bank in Kuwait” by The Banker, Euromoney and Global Finance in 2018.



Kuwait: NBK Family shares the spirit of National Day with children at NBK`s Hospital

28.02.2019

On the occasion of Kuwait's independence and the anniversary of its liberation, National Bank of Kuwait’s (NBK) family paid a visit to NBK Children’s Hospital at Sabah Medical district to share happy National moments of Kuwait’s celebrations with the children and their families.

The celebration comes as part of a program designed to engage with children and runs all year long.

Children and the Hospital’s team took part in the fun activity to celebrate the National Day. Flags, pins, caps and Kuwaiti theme clothes were worn by the children during the celebration.

Also, NBK family shared with the children the decoration of healthy cookies using black, white, green and red Kuwait’s flag colors on the occasion of the national celebrations.

The visit is part of NBK’s national celebration month at the hospital. The month of February included several events like drawing, designing and coloring Kuwait flag, maps and characters on canvas to celebrate the patriotic spirit.

NBK’s visits to the children targeted children, nurses and doctors. NBK is committed to provide a healthy environment for children to be able to stand for their treatment strong and happy. NBK is proud seeing children happy every week there is a visit.

The visit to the hospital was emotional and overwhelming for both the children and NBK family.

It reflects the Bank’s high sense of duty and responsibility towards all those in need from different sectors of society. It is a well rooted tradition that has been carried out by NBK each year in its efforts to continuously have an active role in the Kuwait society



Kuwait: NBK Welcomes Customers at its Airport Branch during National Holidays

21.02.2019

National Bank of Kuwait (NBK) remains at the service of customers throughout the National and Liberation holidays, giving them access to various services provided at its branches across Kuwait.

NBK’s Airport branch will continue to receive customers around the clock, seven days a week during the holidays, providing all various banking services available at other branches. The branch also exclusively carries Multi-Currency ATMs to allow travelers to withdraw from six currencies that are the Kuwaiti Dinar, US Dollar, Euro, British Pound Sterling, UAE Dirham, and Saudi Riyal. The ATMs are conveniently located between the departure gates and the arrival area.

Customers can also continue benefiting from all our added-value service through the Online and Mobile banking services to manage their accounts and finances via NBK Online Banking or NBK Mobile Banking available for all smartphones. NBK’s call center will also be available to customers round the clock.

Ghadeer Al-Awadi, NBK's Head of Branches, said: “NBK’s advanced ATMs are ready to serve the increasing number of transactions during the holidays, as our ATMs are equipped with the latest technologies to ensure it provides safety and security to our customers’ transactions.”

Al-Awadi reaffirmed the Bank’s commitment to serving customers through a well-established network across Kuwait and always remaining the first choice for customers thanks to its proximity to them.

Al-Awadi added: “We monitor our ATMs and ensure they are filled whenever they drop below the limit, especially in locations where our customers tend to withdraw the most such as shopping malls, markets and leisure parks. Filling these machines is not only done with cash, but also with enough paper for customers who want to check for their account information.”

In addition to the branch, NBK has made available its toll-free numbers for travelers to connect with the Bank while traveling.

Providing convenience and reliability when travelling, NBK continues to offer its customers a wide range of exclusive services for their specific needs when they travel. These services accompany customers from the moment they get on their flight and until they land safely in Kuwait. NBK also protects customers from theft, fraud and other situations they may face while traveling.



Kuwait: NBK implement a Collective Executive Development Program with INSEAD

21.02.2019

The National Bank of Kuwait (NBK) partnered with one of the leading international business schools, INSEAD, in an intensive training program specifically designed for the Bank’s executive management team.

Since the banking industry worldwide is facing significant challenges.  Digital disruption and FinTechs challenge existing banking models. Digital has fundamentally changed our lives. Adapting to the ongoing digitization of the economy, and of society in general, is arguably the most challenging transformation every business is currently facing. Due to competition from local and regional players, strategies are reassessed in various parts of the world (GCC, ASEAN, LATAM, EU).

In this turbulent world, there is an imperative need to assess the situation, to identify key-strategic actions, and to further develop senior banking executives in terms of organizational and personal skills related to related to digital strategy, customer-centric strategies, leadership, strategy execution and management of change.

National Bank of Kuwait - INSEAD program - Creating Value in a Fast Changing Banking World has two main objectives.  First, a discussion of the fast changing banking world, including digital disruption with identification by NBK senior executives of key-strategic actions to undertake. Second, the further development of senior NBK executives to lead the strategy execution and changes, both in terms of personal and organizational skills

During the program, Mr. Isam J. Al-Sager, Group Chief Executive Officer, Ms. Shaikha K. Al-Bahar, Deputy Group Chief Executive Officer and Mr. Salah Y. Al-Fulaij, Chief Executive Officer – Kuwait visited the participants.

Mr. Emad Al-Ablani, said, “This program adds new value in the changing banking industry as it provides essential training led by a prestigious educational institution, INSEAD. The program aims to highlight the challenges facing our industry in a digital transformation era and comes in line with our strategy at NBK to ensure our human capital is well equipped to deliver efficient solutions in our digital transformation journey.”

Mr. Al Ablani added that NBK is proud to provide the best training opportunities for the employees and the executive managers in cooperation with the world's leading institutions and universities, enabling them to acquire new skills and knowledge at par with their global peers.

Mr. Al-Ablani also mentioned: “NBK provides a unique environment for training and developing employees to enhance their skills, foster a culture of self-development and recognize their career growth on the long term.”

INSEAD is one of the world's leading and largest graduate business schools, It offers participants a truly global educational experience. With campuses in Europe (France), Asia (Singapore) and Middle East (Abu Dhabi), In addition, more than 11,000 executives participate in INSEAD's executive education programs each year.



Kuwait: NBK Sponsors MGRP Career Fair for Kuwaiti Youth

21.02.2019

Kuwait: Win an All-Expenses Paid trip to the UEFA Champions League Final 2019 Exclusively with NBK

21.02.2019

National Bank of Kuwait has partnered once again with Mastercard to bring exclusive rewards to its customers, offering them the chance to win one of the three all-expenses paid trips for two to the final match of the UEFA Champions League 2019 which will be held in Madrid.

NBK customers automatically enter the draw by using their eligible NBK Mastercard Credit Card. For every KD 1 spent locally, customers receive one entry into the draw, while every KD 1 spent on restaurants and food delivery services gives them two entries. Every KD 1 spent internationally or locally during UEFA match days will give them three entries.

Winners of the three trips will be announced during the draw held on the 30th of April. Each trip package will include business class roundtrip air tickets, final match tickets, 5-star hotel accommodation, and free transfers, in addition to a cash prize of KD 1,000 that will be credited in the winning credit card account.

Speaking of the launch of the new campaign, Hanadi Khazal, Chief Marketing Officer, National Bank of Kuwait, said, “Following the success and great response of our campaigns received last year, especially our UEFA Champions League campaign, we continue to launch unique campaigns to reward our customers with valuable rewards. We’ve come together with Mastercard to launch this campaign again and give our customers a chance to win this trip and experience memorable moments. "

Khazal added: “We strive at NBK to design campaigns that respond to the needs of our customers and match their lifestyles. This is done based on studies conducted internally to uphold our promise to our customers to bring them more offers, rewards and prizes.”

Credit Cards eligible for the draw are: NBK Classic Mastercard Credit Card, NBK Gold Mastercard Credit Card, NBK Titanium Mastercard Credit Card, NBK Laki Titanium Mastercard Credit Card, NBK Miles World Mastercard Credit Card, NBK World Mastercard Credit Card, NBK World Elite Mastercard Credit Card.

NBK Mastercard Credit Cards customers benefit from an array of advantages and features including the NBK Rewards Program which comprises more than 800 participating outlets, free access to airport lounges around the globe, free travel insurance, NBK secure shopping, free valet parking, local concierge service, and many other exclusive offers.



Kuwait: NBK Sponsors Second Annual “ECOH” Conference on Blockchain Technology

20.02.2019

National Bank of Kuwait sponsored the second annual “ECOH” Conference which held discussions about the Blockchain technology and focused on the significance of this emerging technology and its growing use in business sectors.

Organized by East Chain Co., the Conference took place from the 30th to the 31st of January, and hosted professionals and entrepreneurs from around the world. Discussions explored the opportunities and possibilities that are presented by the technology and aimed to educate participants about its latest advancements and challenges. The Business Banking unit at NBK extended an invitation to its customers to take part in the panel discussions.

The Business Banking team was present at the Conference to respond to customers’ queries as part of the Bank’s commitment to supporting small and medium enterprises and Kuwaiti entrepreneurs.

The ECOH Conference also shed light on the Blockchain technology’s ecosystem and how it supports and reimagines financial services. The discussions also tapped into the regulatory framework that is required to help companies prepare to take advantage of the technology.

Speaking of NBK’s participation at the Conference, Mohammed Akram Hashim, Head of Segments, Consumer Banking Group, National Bank of Kuwait, said: “We are delighted to be the sponsor of the second “ECOH” Conference, supporting its goals of raising awareness about Blockchain technology and how it complements various business sectors.

NBK was the first bank in Kuwait to launch the cross-border remittance service using the Ripple solution on the Blockchain technology.”

Hashim added:” Launching NBK Direct Remit Service using RippleNet was a significant achievement as it enabled our customers to make money transfers within seconds, easily and at their convenience anytime of the day. It comes as part of our commitment to responding to the needs of our customers wherever they are around the world.”

Hashim affirmed that NBK ensures its services adopt the latest technological advancements made in the banking sector to provide its customers with convenient and fast services that increase their trust and maintain the highest levels of security and safety.

NBK is committed to supporting conferences, events and knowledge sharing sessions that contribute to increasing awareness about new innovations in the banking sector, thus providing customers access to a superior banking experience.



Kuwait: Global Finance awarded NBK “Best Private Banking Services” in Kuwait

17.02.2019

National Bank of Kuwait (NBK) has been awarded the “Best Private Banking Services for 2019” in Kuwait for the fifth consecutive year.

Founded in 1987 and headquartered in New York City, Global Finance is one of the leading financial magazines with a mission to publish specialized economic reports and analysis. Its monthly circulation exceeds 50,000 in over 188 countries around the world.

Global Finance’s editorial review board relies on input from industry analysts, corporate executives and technology experts, in addition to entry submissions provided by nominated banks as well as a series of independent research based on measurable indicators and criteria for assessing banks’ performance.

The nominated banks for this year were assessed for their private banking services extended over the period from July 2017 until June 2018.

 “Awarding NBK the title of "Best Private Banking Services" in Kuwait for the fifth consecutive year reflects the constant confidence the customers vest in NBK and their appreciation of the superb quality of its services and products, as well as its ability to rise above all challenges” said Malek Khalife, Deputy CEO – Head of Global Private Banking.

He added: “The excellent, strong and durable relationships NBK has always maintained with its high net-worth customers enabled the bank to assume a unique and leading position in the field of wealth management and private banking on both local and regional markets.

NBK also succeeded in maintaining the highest service quality standards while consistently endeavoring to provide the most innovative spectrum of investment and wealth management products and solutions to satisfy the increasingly changing needs of customers.”

“Thanks to its largest local and international network strategically located in the major world financial centers, NBK has always maintained a dominant and advanced position to provide the best banking and investment solutions that covers a wide range of international markets, taking into consideration the specific profile of each and every customer,” noted Khalife.

“I would like to take this opportunity to express my sincere thanks and gratitude to both the trust of NBK clients as well as the invaluable efforts of the Private Banking team at NBK that enabled the bank to win such a prestigious title for the fifth consecutive year,” said Khalife

Global Finance “Best Private Banking Services Award” recognizes private banks that provide excellent services and products to meet high net worth investors’ individual needs through providing tailored products and services to help them maintain and grow their wealth.

For more information relating to the prizes awarded by Global Finance, please visit their website at http://www.gfmag.com/
 



Kuwait: NBK Celebrates Graduation of Employees from “Trade Finance” Program

17.02.2019

The National Bank of Kuwait (NBK) held a ceremony to honor employees who have completed the specialized "Trade Finance" training program which is designed and organized in cooperation with Euromoney Learning for banking and financial training.

The ceremony was attended by the highest management of the Bank, headed by Mr. Salah Y. Al-Fulaij, Chief Executive Officer – Kuwait, Mr. Salah Yousuf Al-Fulaij, Mr. Emad Al-Ablani General Manager of Group Human Resources and Mr. Pradeep Handa, General Manager – Foreign Corporate, Oil and Trade Finance Group.

Extending over six months, the 32 employees enrolled had to pass several professional examinations to complete the requirements of the intensive training program. These requirements covered the basics of trade finance, collections, letters of guarantee, letters of credit, trade products structure, compliance in letters of credit and guarantees, as well as other operational aspects of trade finance

Congratulating the graduates, Al-Ablani said, “Through the program, NBK aimed at developing the skills of its employees and enable them to gain new knowledge in the field of trade finance. The program covered the latest best practices and professional dealings, helping grow them to better serve customers following the best international standards and practices.”

Al-Ablani further highlighted that the program was designed in partnership with Euromoney Learning. The components of the program focused on providing training in the specific services provided by the Trade Finance Department to support business sectors such as import, contracting, infrastructure development and many sectors with high professionalism and efficiency.

Al-Ablani concluded: “NBK is committed to the continued development and training of our employees to increase their abilities in delivering professionally. Our specialized training programs are designed according to methodological and scientific standards and are delivered by leading banking experts who share their expertise and know-how with NBK’s employees.”

NBK launched the “Trade Finance” program as the first of its kind program in the banking sector in Kuwait that aims to develop the skills of its employees working in the Trade Finance Department. It is accredited by the London Institute of Banking and Finance, which is one of the oldest international institutions specialized in vocational education, banking and financial services.

Euromoney Learning is one of the leading international institutions that provided training and educational services to close to 95 banks and 5,000 companies around the world in collaboration with 60 thousand experts and specialists who have provided training programs over the past five years.



Kuwait: NBK Wins “Best Retail Bank in Kuwait” at Service Hero Awards 2018

13.02.2019

National Bank of Kuwait was awarded for the eighth year the “Best Retail Bank in Kuwait” at the prestigious Service Hero Awards for the year 2018, reaffirming the Bank’s long-standing commitment to its customers and their banking needs.

The award was presented during a ceremony held by Service Hero and attended by Mr. Salah Y. Al-Fulaij Chief Executive Officer – Kuwait, Mr. Mohammed Al Othman, General Manager – Consumer Banking Group, in addition to representatives from companies operating in service industries in Kuwait.

Service Hero partners with the American Customer Satisfaction Index, is a member of ESOMAR and is backed by an independent advisory council to ensure all results are impartial, objective and accurately reflect the voice of the customer.

The award is fully based on customers’ assessment of 300 companies in Kuwait. Service dimensions evaluated include: reliability, speed, product quality, value, location, staff quality, call center and website. The Index also rates overall satisfaction, loyalty and comparison to an ideal. Customers are encouraged to vote on the Service Hero website as well as to post feedback, after which Service Hero compiles and measures customer satisfaction via the scientific index score.

Commenting on the new award earned by NBK, Al-Fulaij said: “There is no doubt that NBK places customer satisfaction at the priority of its objectives. We achieve that through studies conducted before the launch of a new product or service. A specialized team evaluates customers’ feedback to assess the quality level and identify gaps if any. These studies before and after the launch of any new service or product play a key role in providing the highest standards of customer service because they allow us to learn more about what our customers want and need. And of course, all this is achieved primarily thanks to our highly professional staff."

Al-Fulaij added: “We have a clear roadmap, a professional team and most importantly, continuous cooperation between departments to ensure we provide the best customer service. Our focus has also been on fostering a unique and positive work environment where our “I am NBK” program creates the sense of commitment and belonging. The program sets eight core principles designed to encourage employees to adhere to the principles of work, professionalism and cooperation, as well as to provide the best service to customers. Through that, our employees are the ones who are in charge of nominating their fellow colleagues for special honors, as a continuation to the positive environment we enjoy at NBK.”

Al-Fulaij concluded: “Our employees are encouraged to give their best when serving customers and we support their endeavors through training programs and innovative methods to connect with them and transfer new skills to them in out-of-the-box initiatives.”

NBK’s leadership team works hand-in-hand with staff to provide the support and professional development opportunities needed to guarantee consistent best-in-class customer service. The leadership teams consider staff true partners in generating ideas about how to continually improve customer service delivery. It is through the hard work, dedication and efforts of NBK staff that the bank continues to score top honors in service and banking across industry standards.

NBK recently introduces new advanced banking services and products that have received customers’ satisfaction. These services include the new updates to the NBK Mobile Application such as the Swift Tracker Service through which customers can track their money transfers conveniently anytime, anywhere by simply logging in to the NBK Mobile Banking App and clicking on the account statement history to view the status of their transfer.

Results of the Service Hero Index awards can be reviewed at the following address: https://www.servicehero.com/ar/?country=kw



Kuwait: NBK Academy Welcomes 21st Batch of Trainees, Held for Tenth Consecutive Year

13.02.2019

The National Bank of Kuwait (NBK) welcomed in its NBK Academy the 21st batch of new employees who have been recruited after successfully passing the criteria required to enter the Academy’s intensive program, which was designed specifically for Kuwait’s university graduates.

Since its launch ten years ago, NBK Academy has been supporting the country’s vision to employ Kuwaiti talents, develop and professionally grow graduates, as well as entice them to work in the banking sector.

The new employees being trained in the Academy were welcomed by members of the Bank's executive management, and managers from the talent management, training and development divisions.

"The NBK Academy is one of the initiatives that we are proud of at NBK as it is part of its strategy to develop promising young leaders in the banking sector," said Emad Al-Ablani, General Manager of Group Human Resources.

Al-Ablani added that the Academy selects qualified talents to develop their skills and introduce them to the Bank's structure and culture, in an aim to enhance their career development opportunities in the future.

“The Academy prepares qualified young talents to their journey with NBK, providing them with intensive technical and practical training during the program’s lectures as well as on-ground work training to instill in them the passion of self-development and learning of all that is new in the banking sector,” said Al-Ablani.

He explained that the program of the Academy was designed following the highest training standards, and is the first of its kind in the private sector in Kuwait and in the field of training young newly recruited graduates.

Al-Ablani advised trainees in the program to dedicate their efforts in working towards achieving excellence and ultimately paving the way to reaching leadership positions. He pointed out that NBK encourages employees to complete their higher education and enroll in continued development programs to enhance their skills and experience.

The NBK Academy is a four-month training program covering the various aspects of banking, from learning about banking principles, risk management, accounting, marketing, negotiation skills, consumer and commercial lending, teamwork to on-ground and hands-on training in the divisions of the Bank. The program is delivered by internationally-accredited trainers to enable employees to gain specialized banking skills.

The Academy comes as part of NBK’s vision for sustainable human capital development. The Bank places its human asset at the top of its priorities, a responsibility it shares with the State’s vision, its institutions and the private sector as a whole.

The NBK Academy was inaugurated in 2008 with the aim of paving the way for Kuwaiti graduates to enroll in the banking sector. The Academy provides graduates with the best training programs that are developed in cooperation with leading international institutions and universities to meet the demands of the local workforce.



Kuwait: NBK Launches a National Song as a Commemorative Gift for Kuwait

12.02.2019

On the occasion of Kuwait's independence and liberation anniversaries, National Bank of Kuwait (NBK), launched a special first of its kind musical work presented as a commemorative gift to Kuwait.

Manal Al Mattar, NBK Public Relations Assistant General Manager said:"The national song is performed by a group of Kuwaiti singers: Nabil Shuail, Sulaiman Al Qassar, Mohammad Jasem, Talal Al Saidalani and Abdullah Al Masoudi.

This piece of art is rich in connotations and invokes remarkably vivid community-related associations that reflects Kuwait’s popular heritage. The artists performed different musical genres to reflect the diversity in Kuwait’s cultural music and heritage.”

The song is revealed on TV stations as well as in cinema theaters. Social media followers can watch the song through NBK social media channels on YouTube and Facebook NBKGroup or Instagram and Twitter @NBKGroup. Special competitions are held with valuable prizes on NBK social media channels.

“The song is a part of NBK's social program on the occasion of national and liberation day which includes a host of activities and functions that highlight the spirit of the celebration,” Al Mattar added. 
 
NBK reinforced its position as a lead contributor to the development of the Kuwaiti society through its commitment to corporate social responsibility.

This commitment became evident in the numerous social and philanthropic initiatives and national responsibilities including the special musical operetta “Habibityi ya Kuwait” which was launched on the occasion of Kuwait's independence Golden Jubilee, Baqoun and Hatha Howa Elkuweiti.

 



Kuwait: NBK and KRCS distribute winter supplies to families in need in Kuwait

08.02.2019

National Bank of Kuwait (NBK) and Kuwait Red Crescent Society (KRCS) distributed winter supplies for families in different areas in Kuwait including electrical appliances and necessity food items as part of its “Winter supplies” Campaign.

This campaign aims to offer a warm winter for families facing hard weather conditions in Sulaibiya and Jeleeb Al Shuyoukh. The campaign included distributing electrical appliances, food parcels, blankets, heaters and other home supplies.

Talal Al turki, NBK Public Relations Team Leader, who led the NBK field team in Sulaibiya and Jeleeb Al Shuyoukh expressed his sincere appreciation to Kuwait Red Crescent Society for its active and prompt response and efforts to be on call and  help families in need.

“We are pleased and proud to be a part of this noble campaign that aims to ensure the provision of much needed aid to the people, especially children and the elderly, who have been displaced in shelters with little infrastructure to protect them from cold winter,” he added.

“NBK strives to support the community and various private and public humanitarian missions and aid in meeting their needs and achieving their humanitarian and social goals”, Al Turki noted. “This aid is part of our corporate social responsibility (CSR) program, which seeks to support initiatives that make a profound impact on the lives of communities around Kuwait.

We thank the Kuwait Red Crescent Society for their noble efforts, and the continued aide they provide to people in need,” he stressed.
NBK is the strategic partner of Kuwait Red Crescent Society. NBK  also took part in other humanitarian and social initiatives lead by KRCS in Kuwait during Ramadan in addition to a huge campaign targeting education for children in need.
 



Kuwait: NBK Engages Customers in Latest Digital Services at Ongoing Activation held at The Avenues

07.02.2019

As part of its ongoing investments in providing advanced and safe technologies and services, the National Bank of Kuwait (NBK) is engaging with customers in an activation held at The Avenues Phase 2 until Saturday, February 9, during which the Bank focuses on presenting the latest digital banking services it has designed to serve the various needs of its customers.

First launched on Wednesday, February 6, in the presence of members of the press and NBK’s management, the ongoing activation provides customers with a live presentation of the services that benefit their lifestyles. A draw will be held on Saturday for customers of NBK who took part of the activation for a chance to win one of two smartwatches.

 

Speaking of the activation and the services of the Bank, Mohammed Al Othman, General Manager of the Consumer Banking Group, said: “NBK is committed to offering technologically-advanced services that are safe for our customers. These services are constantly introduced and updated on the NBK Mobile Banking App aimed at providing convenient and secure services that enable customers to complete their banking transactions quickly and easily without the need to visit their nearest branch or during their travels.”

 

Al Othman added: “We wanted to present these services on a one-to-one basis to allow customers to test these services and be familiarized with them. Of course, we took the opportunity to also reward our customers, giving them the chance to win a smartwatch by visiting our booth until Saturday, February 9, where they can inquire about how to enter the draw. 

 

Al Othman further expanded on the services saying: “We gave customers an introduction to new services and enhancements made to our NBK Mobile Banking App, ATMs and CDMs. Customers can take advantage of services such as cardless withdrawals thanks to the NBK Tap & Pay Debit Card or any other card that provides the feature, all to ensure an easy and enjoyable banking experience.”

 

One of the enhancements is the NBK Swift Tracking service through which customers can track their money transfers conveniently anytime, anywhere by simply logging in to the NBK Mobile Banking App and clicking on the account statement history to view the status of their transfer.

 

NBK also launched the standing orders service through the NBK Mobile Banking App that will allow customers to establish a monthly standing order through the App to make automatic recurring transfers, in addition to making amendments or deleting these standing orders.

 

The NBK Mobile Banking App also features the e-Payments Service to make electronic payments for purchases at a large number of local and international companies such as telecoms, retail facilities, entertainment and more.

 

As for the NBK Quick Pay, NBK provides its customers with an easy way to receive or transfer amounts from and to friends, or make payments for bills immediately even on weekends or public holidays.

 

And for the first time in Kuwait, NBK lets its customers activate their dormant accounts instantly and at their convenience. This is done by logging in to the NBK Mobile Banking App and selecting the “Dormant Account Activation” feature under “Self Services”.

 

Customers can also update their phone number or email address through the NBK Mobile Banking App saving the trip to the branch.

 

The NBK Mobile Banking App is a safe method to manage accounts. Customers can conveniently open a new account, view transactions made on accounts and credit cards, check their NBK Miles Points and NBK Rewards Program Points, pay outstanding credit cards receivables, pay bills online, find the nearest branch, ATMs or CDMs in Kuwait, as well as submit an account statement request, checkbook and other requests.

 

In addition to these features, NBK Mobile Banking is a great companion while travelling as it allows customers to manage their cards, increase their monthly transfer limit, and update their contact details.

 

NBK strives to provide integrated and advanced banking solutions to its customers, and continues to expand its product and service offering and provides easy and secure payment solutions that meet the needs and requirements of customers.

NBK continues to introduce innovative and the newest technology solutions to meet the needs of customers, having partnered with RippleNet to offer customers a fast, safe and convenient cross border payments service, and making NBK the first bank in Kuwait to join the growing network of RippleNet globally.



Kuwait: NBK at 5th GCC Energy Strategy Forum:Bank lending remains leading financing tool for large projects in the region

06.02.2019

During his participation at the Fifth GCC Energy Strategy Forum held in Kuwait, the General Manager of Foreign Corporate, Oil and Trade Finance Group of the National Bank of Kuwait, Pradeep Handa, said that bank lending remains the leading financing tool for large projects in the countries of the Gulf Cooperation Council (GCC).

He said: “The region’s banks have more liquidity and the debt capital market for the energy sector, and energy companies in specific, provides inherent advantages that include fixed interest rates, flexibility in financings and a wider lending base.”

Handa gave an overview on the energy sector in Kuwait, starting with a look at KPC’s 2040 vision and the increases projected in output, while the broader energy sector, Public-Private Partnership projects are planned to be tendered at a minimum CAPEX of US$ 5 billion on the short-term. CAPEX is expected to see an additional US$ 394 billion until 2040.

He added: “The lending environment may change in the future as borrowers become more sophisticated, GCC markets become more mature and regulatory capital gets more scarce for regional banks. Initiatives in these direction are seen with an increasing emphasis on the PPP model in Saudi, UAE, Oman, Bahrain and Qatar, however much less in Kuwait despite the opportunities.”

Handa however spoke of the success of major financings taking place in Kuwait and the region, as well as the success of sukuks and bonds for the private sector.

He said: “The opportunities available for financing these projects in the backdrop of relatively low oil prices and budget deficits projected are abundant.

“NBK has led the financing of over KD 1.2 billion are financing the Clean Fuels Project, and KD 390 million for the LNG Terminal. We’ve recently completed the financing of the Duqm Refinery Project at US$ 4.6 billion, which is one third financed by a mix of Kuwaiti banks. The Bank has also successful managed the Sukuks and Bonds issuance a leading petrochemical company, EQUATE. Banks without a doubt remain a great supporter to the energy sector, and the opportunities are ahead of us.”

Meanwhile, Managing Director and Head of Investment Banking at NBK Capital, Rani Selwanes,  participated as a panelist to discuss: New Methods for Financing Energy Projects and Investment Opportunities.

In his remarks, Mr. Selwanes focused on the growth prospects and capital expenditure for Kuwait’s oil sector. He presented insight into the various financing tools available for the oil sector. Furthermore, he added that the K-companies will be able to adopt structured financing structures to secure long-term financing including direct bank loans and global market fixed income issuances. Mr. Selwanes highlighted the key challenges  borrowers, including Kuwait Petroleum Corporation and its subsidiaries, have to consider while obtaining financing, including; the extensive timelines associated with formal approvals, regulatory restrictions on the local banking sector, and international investor stringent requirements including collaterals disclosures and corporate governance.

The Arab Petroleum Investments Corporation (“APICORP”) estimates that GCC member states will require around US$320 billion in expected capital expenditure for oil and gas projects over the next five years, while the Middle East and North Africa region is expected to invest around US$611 billion in the energy sector over the same period.

Selwanes emphasized on the local banking market’s ability and readiness to support and finance the Kuwait’s oil sector upcoming mega projects.

“The Kuwaiti banking sector has significant capacity and ample appetite to finance the oil sector’s projects,” Mr. Selwanes said. “There are several advantages to obtain financing through the local banks as opposed to International  financing, including the attractive interest rate environment in addition to the Kuwaiti banks’ ability to provide US$ financing, which what the market witnessed during the US$ financing of the  Duqum refinery in Oman.”

 



Kuwait: NBK Reveals Winner of the KD 125,000 Prize in Al Jawhara’s Monthly Draw

04.02.2019

National Bank of Kuwait announced the winner of the KD 125,000 prize in Al Jawhara Account’s monthly draw for the month of January 2019. The winner, Abdulmehsen Farhan Al Farhan, was announced live on FM 88.8 Kuwait Pulse, in the presence of a representative from the Ministry of Commerce and Industry as well as representatives from NBK.

Informed in a call made live during the show, the winner expressed his happiness of winning such a prize and extended his gratitude to the Bank. 
Al Jawhara Account customers are automatically entered in Al Jawhara’s weekly, monthly and quarterly draws, giving them the chance to win KD 5,000 weekly, KD125,000 monthly and the grand prize of KD 125,000 quarterly.

Every KD 50 deposited in the Al Jawhara Account gives customers one entry into the draw. The minimum opening amount for the account is KD 400 while the maximum amount that can be held is KD 500,000. Customers’ chances of entering the draws double for every KD 50 when the amounts are not used for a given period of time.

“Al Jawhara is a unique account that enables our customers to save and win through the weekly, monthly and quarterly draws. Customers can easily open an account with an opening balance of KD 400 by visiting their nearest NBK Branch or through NBK Online Banking and NBK Mobile Banking for existing customers,” said Suresh Varadarajan, Head of Liabilities & Insurance, Consumer Banking Group, National Bank of Kuwait.

“By saving, customers also double their chances of winning when they do not withdraw or transfer amounts from their account during the required period.”

Varadarajan added: “In addition to the draws, Al Jawhara Account gives customers access to many features and benefits which include a free NBK Visa Debit Card that can be used anywhere around the word, the ease of managing their account through our advanced online and mobile platforms at a click of a button anywhere and anytime, in addition to our 24 hours, seven days a week call center support.”

Since 2012, NBK has rewarded loyal customers with prizes worth a total of up to KD 2,200,000 annually through its weekly, monthly and quarterly Al Jawhara draws.

In addition to its attractive and most innovative and safe products and services, NBK is committed to providing customers with ongoing offers and rewards in line with the needs and lifestyles of its customers.
 



Kuwait: NBK grant’s John’s wish to be a performer

31.01.2019

National Bank of Kuwait (NBK) continues its “I Dream to Be” initiative, a first-of-a-kind initiative that aims at granting wishes for children with severe illnesses around Kuwait, giving them the chance to live their dreams.

John Daniel, who is undergoing treatment at NBK Hospital, has always dreamt to sing and become a performer as it is his passion and number one hobby.

NBK Public Relations approached the Kuwaiti talent Zak Al Mousawi whom with his band helped in making John’s dream come true.
NBK’s family arranged a concert for John at NBK’s Children Hospital attended by his friends, the doctoral board, patients and families, where he had the chance to sing and entertain.

NBK managed to prepare an effigy for “HULK”, John’s favorite character as part of the surprise which encouraged him to perform and enjoy the surprise.

“John’s dream to perform and sing is yet another wish granted through NBK’s initiative “I dream to be”. We are proud to be a part of the children’s wishes and expand our support to them as much as possible to fulfill their dreams.” said Joanne Al Abdul Jaleel, NBK Public Relations Officer.

“I dream to be” initiative is a lifetime experience for children,” she added. “This initiative is a great way to spread joy and show that there’s always a positive side to a difficult situation”.

NBK gives top priority to children through its commitment to its corporate social responsibility. NBK works closely with the Kuwait Association for the Care of Children in Hospitals (KACCH), Bayt Abdullah for the Care of Children in Hospice (BACCH) and several other special needs organizations to maximize its reach to all the children in numerous hospitals and schools through its “I Dream to Be” initiative.

NBK has been at the forefront of supporting Kuwait’s community through a range of initiatives towards education, health, sports and social responsibilities.

The establishment of NBK’s Children Hospital stands as one of many ongoing corporate social initiatives towards health and children. “I dream to be” aims at focusing and supporting NBK’s efforts towards children and addressing their needs as much as possible.
 



Kuwait: NBK Platinum Sponsor in Maker Faire Kuwait 2019

30.01.2019

National Bank of Kuwait (NBK) participates as a platinum sponsor in Maker Faire Kuwait 2019, organized by Kuwait Investment Company under the patronage of His Highness the Amir, Sheikh  Sabah Al-Ahmad Al Jaber Al Sabah with the attendance of the Minister of Commerce and industry, H.E. Khaled Al-Roudan, from 5 to 9 February at Kuwait International Fair Ground.

NBK Assistant General Manager, Public Relations and Communications, said: “NBK’s sponsorship reflects its belief in the importance of building human capabilities as part of its sustainability approach and corporate social responsibility strategy.  At NBK, we believe in investing in Youth as well as enabling these young “makers” develop their crafts and innovative ideas.

“In addition to sponsoring the event and setting up a booth, NBK will be a part of the judging committee that will evaluate the innovative creations by the end of the exhibition,” Al Mattar added.

Al Mattar noted that NBK is always committed towards supporting youth and young “makers” through their small and medium enterprises that deal with technology and crafts.

It is worth mentioning that Maker Faire Kuwait is organized by Kuwait Investment Company for the third year in a row. 

Originated in the United States, the Maker Faire gained global popularity and is held in multiple countries around the world, including the GCC region with Kuwait as the only exclusive host from the parent exhibition. The event will hold participants from Kuwait and the Arab region with innovative creations in different fields combining modern technology and manual crafts.



Kuwait: NBK Sponsors Flare Sports Festival for the third consecutive year

29.01.2019

National Bank of Kuwait (NBK) sponsored the Flare sports festival for the third consecutive year. The festival was organized by Flare Fitness at Gulf University for Science and Technology (GUST) and was attended by a large number of young participants.

The sponsorship comes in line with NBK’s commitment to support youths’ health. This sponsorship aims to spread physical awareness and attract youth to participate in sporting events.

NBK Public Relations Executive Manager, Abdul Mohsen Al Rushaid, said: “The competition participants were for public and University students.

NBK’s booth witnessed various sports challenges and distributed rewards to the winners and participants. The purpose of this event was to increase fitness awareness for all Kuwait citizens. It shed light on the potential of youth in regards to fitness and sport awareness”.

Al Rushaid added: “NBK's sponsorship to this sports event comes in line with the bank's customary and ongoing spirit of corporate citizenship as well as the vital role it plays in supporting youth and their health. NBK always strives to empower youth to realize their potentials, providing different supportive opportunities”.

Minister of Industry and Commerce Khaled Al-Roudhan who attended the awarding ceremony awarded  NBK  along with Yousef Al-Shaya, Managing Partner at Flare Fitness for its support towards this social oriented event.
The Flare sports festival included sports challenges that attracted more than 900 participants from professional sports players and more than 4000 attendees.

 The competitions in this festival comprised a range of physical challenges that depend on the strength, flexibility and endurance.

All of which contribute to raise the spirit of positive competition among student circles.

NBK has always considered supporting youth an essential part of its social and philanthropic outreach which comes in line with the bank`s commitment to encourage a merit-based  system in health, education and environment that promotes the best and the brightest the country has to offer.

It’s worth mentioning that this is the fifth year Flare Fitness is running the Festival. The Festival is a fitness challenge and a health weekend for sports enthusiasts. This event aims at increasing fitness awareness and elevates Kuwait’s Fitness.
 



Kuwait: NBK Announces Winners of Al Jawhara Weekly Draw

27.01.2019

The National Bank of Kuwait continues to reward its customers with Al Jawhara Account through weekly, monthly and quarterly draws. The bank recently announced the winners of the weekly draw for the month of January, naming, George Elias Marasheli, Nafisah AlQaysi, Layan Ahmad Abdulla Bin Essa and Mohammad Ghazi Jameel Qaddoumi as the winners of the KD 5,000 prize each.

Automatically entering customers into the draws, Al Jawhara Account gives customers a chance to win KD 5,000 weekly, KD 125,000 monthly and a KD 250,000 grand prize quarterly for every KD 50 deposited into their account. If no withdrawal or transfers occur on the account during the required period, customers will receive an additional chance to enter the draw for every KD 50 held in the account, doubling their chance to win.

Since 2012, the National Bank of Kuwait has rewarded loyal customers with a total worth of prizes up to KD 2,200,000 in the weekly, monthly, and quarterly Al Jawhara draws. All the draws are conducted in the presence of a representative from the Ministry of Commerce & Industry and the name of all the winners are announced.

Customers can open an Al Jawhara Account by simply visiting any NBK Branch. Also, NBK Customers can conveniently open an Al Jawhara Account through the NBK Online Banking and NBK Mobile Banking.

 



Kuwait: NBK Celebrates the Graduation of 5 Cohorts of “Moody’s Credit Curriculum Program”

26.01.2019

The National Bank of Kuwait (NBK) celebrated the graduation of 5 Cohorts of the “Moody's Credit Curriculum Program”, which was designed and organized in partnership with the international credit rating agency, Moody's Analytics.

The ceremony was attended by Mr. Salah Y. Al-Fulaij, Chief Executive Officer – Kuwait, Mr. Sulaiman Al-Marzouq, Deputy CEO - Kuwait, Mr. Emad Al-Ablani General Manager of Group Human Resources and senior representatives from the Bank.

The Moody's Credit Curriculum program extended over a year and a half, and introduced an array of topics including banking services, financial analysis, risk management, structure risk, credit challenges, financing, and problem credits.

Congratulating the newly certified employees, Emad Al-Ablani said: “NBK has adopted a strategy that aims to invest in its employees’ skillset and capitalize on their potential in order to reach the highest levels of professionalism in the industry. Our ultimate goal is to provide them with the best employee value proposition and corporate experience. Indeed, the Bank aims to maintain its position as a leader in the market and our human capital is the main pillar and driver of our success”.


Moody's is one of the best and oldest financial corporations specializing in economic research, financial analysis and evaluation of private and government institutions in terms of strength, financial position and creditworthiness.



Kuwait: NBK Offers Al Shabab Customers Exclusive Discounts in Collaboration With Eureka

21.01.2019

The National Bank of Kuwait continues to introduce new services, products and rewards exclusively for its Al Shabab Package Customers, ensuring they are tailored to cater to their unique lifestyles. In line with that commitment, NBK partnered once again with Eureka to offer its Al Shabab Customers unique discounts and end 2018 on a high note with large discounts on the latest Apple Watch Series 4.

Launched at the end of the month of December, the offer lasted for one day and received great engagement and response from Al Shabab Customers.

“We are always launching campaigns and special offers that reward our younger customers, ensuring that these offers are in line with what interests them the most and add value to their daily lives, such as enabling them to enjoy the coveted Apple Watch Series 4 at very attractive value,” said Bedoor Al Adsani, Consumer Banking Group, National Bank of Kuwait. “We are very pleased with the response we’ve received from our customers and promise them to continue introducing new offers exclusively for Al Shabab Customers during the year. Customers can follow our social media accounts to stay up to date with our latest offers.”

Commenting on the offers, Eureka Sales Manager, Tarek Bou Fakhrelddine, said: “We are very happy to be partnering with NBK to offer their customers special discounts. The offers launched throughout 2018 were very successful and the response even greater. We look forward to partnering with NBK in the near future on new offers that suit Al Shabab Customers.”

Al Shabab Package provides many services and benefits with specific offers and discounts designed for those who transfer their student allowance to NBK and hold an NBK Al Shabab Prepaid Card. These discounts include 50% off when ordering from Talabat.com on specific days, periodical discounts of up to 50% on electronics from Eureka when shopping on its website, and 50% discount on cinema tickets valid at Cinescape during the weekend (Friday and Saturday).

NBK Al Shabab Prepaid Card also provides a wide range of exciting features such as the ease and safety for online shopping. Customers may also use their prepaid cards to withdraw cash, without fees, from any NBK ATM.

Al Adsani added: “Al Shabab Package offers unlimited benefits and is designed in a way that meets the interest of young customers and their fast-paced lifestyle. Al Shabab Customers are able to enjoy the many banking services in easy steps thanks to NBK Mobile Banking App and can always expect new services that specifically target them and make their banking experience all the more convenient.”

Al Shabab Customers enjoy services that include the NBK Quick Pay for a fast and easy method to receive money, pay their bills and transfer due amounts to friends, anytime and anywhere, even on weekends and official holidays. They can also benefit from the newly enhanced ATMs and Cash Deposit Machines (CDMs) through which they can enjoy cardless withdrawals by simply using their mobile number or Civil ID, and also use the NBK Tap & Pay Debit Card or any NFC-enabled debit card to withdraw or deposit money with only a tap and without inserting their card in the machine.

In addition to these features, customers can benefit from the ITM machine available at The Avenues to complete many of their transactions such as the instant replacement of their debit card. NBK’s Airport Branch is also available 24/7, the only bank in Kuwait to be open round the clock for both departure and arrival areas.



Kuwait: NBK’s “Yalla Watani” Welcomes Second Batch of Trainees for 2019

19.01.2019

The National Bank of Kuwait (NBK) launched the second batch of its “Yalla Watani” program for the year 2019 for newly recruited employees to work in NBK branches. The trainees were welcomed by Mr. Emad Al-Ablani, General Manager of the Group Human Resources and Mr. Mohammed Al Othman, General Manager of the Consumer Banking Group.

The concentrated and NBK-specific program focuses on training employees on the various aspects of banking. The program comprises of the main banking principles, credit cards, loans, accounts, insurance, fraud risks, money laundering, in addition to the core banking system.

Throughout the program, unique sets of skills will be enhanced in order to improve performance, increase self-confidence, adapt to change and promote innovation. The program also caters for soft skills, work ethics, professional behavior and teamwork training.

“Yalla Watani” program is going to be conducted over a period of four weeks, with 22 participants, allowing them to cover in detail the branch operations processes and enhance their skills to comply with the current work environment.

Al-Ablani said: “The Yalla Watani program is one of the most important professional development programs that trains Kuwaiti graduates into the private sector in Kuwait. It aims to develop their skills and integrate them into the banking sector.”

Moreover, he highlighted that NBK is the best institution for graduates and talent to learn and acquire knowledge and experience in an ideal work environment. This is enabled through the training opportunities that are organized in cooperation with leading educational institutions.

Al-Ablani explained that “Yalla Watani” program offers practical and theoretical training and aims to help the newly recruited to achieve the objectives and meet the high standards set by the Bank; while also personally growing in their professional career and successfully integrate in the workplace.



Kuwait: The Institute of Banking Studies in Kuwait honors NBK employees

17.01.2019

During the 2017-2018 graduation ceremony held for trainees in its Professional Certificate Programs, the Institute of Banking Studies honored the employees of the National Bank of Kuwait (NBK) whom took part in these training programs that are designed and delivered by the Institute to employees of the banking sector and are accredited by the London Institute of Banking and Finance, one of the oldest international institutions that specialized in vocational education and training in banking and financial services.

The ceremony was held at the Kuwait Foundation for the Advancement of Sciences hall at the Kuwait Chamber of Commerce and Industry, and under the patronage of His Excellency the Governor of the Central Bank of Kuwait, Dr. Mohammad Y. Al-Hashel, the General Manager of the National Bank of Kuwait Group's Human Resources, Mr. Emad Al-Ablani, the General Manager of the Consumer Banking Group at the National Bank of Kuwait, Mr. Mohammed Al Othman, and the NBK's Head of Branches, Ms. Ghadeer Al-Awadi, as well as representatives from the Group’s training and development division.

NBK employees received their honorary certificates in the following programs: Certified Branch Manager Certificate, Strategic Management Performance Certificate, Certified Manager Certification (CM), Professional Sales Skills Certificate and Training Needs Analysis Certificate.

Congratulating NBK’s employees, Al-Ablani said, “As a leading financial institution, NBK is committed to improving the professional skills by encouraging them to continuously seek professional training and accreditations as to develop their capabilities and skills.

These programs are essential tools and methods to learning new skills in addition to being essential to improving the professional competences of employees working in line with the latest advancements made in the banking field internationally.”

Al-Ablani added that the Bank's strategy encourages employees to complete their studies and continue to develop their skills and knowledge. The Bank has linked the certificates received from training and continued development programs to its career appraisals and financial incentives system.

On another hand, Al-Ablani praised the vital role played by the Institute of Banking Studies in designing professional programs that develop and qualify local talents and add value to banking sector.

He further encouraged the newly certified employees at NBK to continue investing their efforts in improving the financial and banking future of Kuwait.

The Professional Certificate Programs have been developed by the Institute of Banking Studies to achieve its objective of developing the skills and knowledge of local professionals working in the Kuwaiti banking sector.

The Programs aim to improve their efficiency and enhance their capabilities to ensure that they are up to date with the latest advancements made in the global banking industry and qualify them to become active contributors to the economic growth in Kuwait.

The programs and initiatives of the Institute of Banking Studies are aligned with NBK's strategy of investing in its human capital. NBK supports, empowers, trains and provides promising employment opportunities to local talents as part of the Bank’s commitment to employees Kuwaitis as a leading institution in the private sector, and tailors training programs that aim to increase the performance of its employees according to modern and scientific methodologies



Kuwait: NBK reports FY net profit of KD 370.7 million, growing by 15% in 2018

17.01.2019

The National Bank of Kuwait (“NBK”, the “Bank” or the “Group”) has announced its financial results for the 12-month period ended 31 December 2018.

NBK reported a net profit of KD 370.7 million (USD 1.2 billion), which increased by 15.0% on 2017, with total assets increasing by 5.4% to reach KD 27.4 billion (USD 90.4 billion). Customer loans and advances increased by 6.9% to KD 15.5 billion (USD 51.1 billion), while customer deposits increased by 4.4% to reach KD 14.4 billion (USD 47.4 billion). The Group’s Board of Directors has proposed a cash dividend distribution of 35 fils per share, representing 35.0% of the nominal share value in addition to 5% bonus shares, all subject to approval by shareholders at the AGM.

NBK maintained a conservative approach to risk, reflected in the confirmation of strong long-term credit ratings. The Bank’s robust asset quality metrics held steady, with the NPL/gross loans ratio at 1.38% and an NPL coverage ratio of 228.1%. The Group maintained a high level of capitalization, with a capital adequacy ratio of 17.2%, comfortably in excess of the Central Bank of Kuwait’s requirement.

Commenting on the results, NBK Group Chairman, Nasser Al-Sayer, said:
“We are pleased to report another year of solid performance. The Bank has continued to benefit from Kuwait’s strong fiscal position, which largely protected the country from regional economic volatility during the year. GDP growth is projected to reach 2.2%, and the pipeline of scheduled project awards remains strong.

The role that NBK will play in supporting economic growth and the agenda of ‘New Kuwait 2035’ is assured, as it remains the bank of choice for financing public and private projects.

Having increased the scale and contribution of our international operations, while consolidating our leadership position in Kuwait, we achieved considerable progress in pursuit of our diversification strategy.

Our diversification extends to the product and service offering, growth in existing geographies, our approach to new business opportunities, and our commitment to a digital transformation that will position the Bank for future growth.”

Group net operating income grew by 7.4% year-on-year to reach KD 883.2 million (USD 2.9 billion), with improved earnings driven by an increasingly diverse range of income generators from across business units. Non-interest income accounted for 22% of net operating income in 2018 with robust fee generation across units, as the Bank continues to seek opportunities for improving non-interest income. International banking operations accounted for 29% of the Group’s net profit, increasing from a contribution of 28% in 2017.

Islamic Banking, through subsidiary Boubyan Bank, provided further diversity to the income profile, with a growing contribution to Group net profit.

NBK Group CEO, Isam Al-Sager, commented:
“While the local and regional banking sector faced challenges due to a high level of liquidity putting pressure on credit growth, NBK recorded another set of exceptional results, as the breadth of its operations and the scale of our international footprint mitigated risk.

Earnings from our core banking activities clearly reflect NBK’s underlying institutional strength, which is supported by a strategy that hedges risk by diversifying income across products, customer types and geographies, while maintaining a competitive advantage in the domestic market through both a conventional and Islamic offer.

NBK remains a safe haven, in light of its high credit ratings and recognition of its prudent risk management approach – as borne out by another year of inclusion in Global Finance’s list of the World’s 50 Safest Banks.

A core component of the diversification theme in 2018 was the considerable effort made by the Bank towards its digital transformation. The programme is cross-segment and cross-geography, impacting internal processes and systems as well as the experience and opportunities of our customers.”

Effective cost management policies saw cost growth of just 4.1%, compared with 5.3% in 2017, resulting in a cost-to-income ratio of 31.3% compared with 32.3% in the previous year. The Bank’s profitability metrics delivered positive results, with return on average assets of 1.38% compared with 1.28% in 2017 and return on average equity of 12.0% compared with 10.8% for the previous year. Basic earnings per share (EPS) were 58 fils at year-end (50 fils in 2017), with equity attributable to shareholders increasing by 3.3% to KD 2.9 billion (USD 9.7 billion).
Al-Sager concluded:

“Our strategic pathway remains essentially unchanged. Our primary objective is to deliver superior returns to shareholders, which we will achieve by defending our leadership of core businesses, maintaining our dominant share of the domestic Kuwaiti market, achieving growth in target segments and exploiting our international presence. Having achieved particularly robust performance in Egypt, we will look to consolidate and build upon recent growth in that market; while in Saudi Arabia we will seek to grow the client-base and AuMs of the recently launched Al Watani Wealth Management Company. We look forward to maintaining our commitment to both customers and shareholders, as we build a more diverse and sophisticated banking offer.”



Kuwait: NBK hosts Lord Mayor

17.01.2019

During a visit to the State of Kuwait, the National Bank of Kuwait (NBK) hosted the Lord Mayor of the City of London, Alderman Peter Estlin, and his accompanying delegation in a luncheon held at its headquarters.

Welcoming the Lord Mayor and his accompanying delegation were Directors of the Board the National Bank of Kuwait and its Executive Management, in addition to His Excellency the Governor of the Central Bank of Kuwait, Dr. Mohammad Y. Al-Hashel, His Excellency the Ambassador of the State of Kuwait to the United Kingdom, Mr. Khaled Al-Duwaisan, His Excellency the Ambassador of the United Kingdom to Kuwait, Mr. Michael Davenport, as well as a number of Kuwaiti and British officials.
Speaking during the luncheon, the National Bank of Kuwait Group Chief Executive Officer, Mr. Isam J. Al-Sager, praised the role played by the Lord Mayor of the City of London in strengthening ties between Kuwait and London and enabling leading Kuwaiti institutions to operate in the English capital, amongst which the opening of NBK’s branch in London in the late 1970s as the first Gulf bank to enter the British market and as part of the Bank’s strategy to expand internationally.

Al-Sager said, “The strong ties between the business communities in both countries is evident on the economic, trade and financial fronts. We look forward to exchanging new ideas aimed at further enhancing the common interests of both countries.”

The visit of Lord Mayor of the City of London, Alderman Peter Estlin, to Kuwait comes as part of a tour to Gulf countries aimed at boosting economic and trade ties between Kuwait and the UK and exploring new prospects of investment and cooperation in various sectors.

The visit discussed the latest developments in the local and international financial and economic sectors.

NBK has a network of 150 local and international branches and affiliates in 15 countries across four continents, including eight countries in the Middle East and North Africa, covering the major regional and international capitals such as London, Paris, New York, China, Singapore, Bahrain, Lebanon, Saudi Arabia, UAE, Jordan, Iraq, Egypt and Turkey.



Kuwait: NBK Participates in KFAS’ Fifth “Innovation Challenge”

12.01.2019

The National Bank of Kuwait (NBK) took part once again in the fifth “Innovation Challenge” program that is organized by the Kuwait Foundation for the Advancement of Sciences (KFAS) in collaboration with the Executive Education Center at the Anderson School of Management at the University of California, Los Angeles.

Launched in 2015 by KFAS, the four-month program aims to develop the innovative skills of the private sector’s human capital to enhance the culture of innovation and increase knowledge which in turn will contribute to transforming Kuwait's economy into a knowledge-driven economy.

Emad Al-Ablani, General Manager, Human Resources Group, National Bank of Kuwait, said: “Our participation in the Innovation Challenge stems from the Bank’s firm belief in the importance of innovation and the continued skill development to reinforce NBK’s leading position and in every sector at a regional level.”

Al-Ablani added that the Innovation Challenge program acts as an incubator where employees are stimulated to innovate. NBK has nominated a group of young Kuwaitis who will work together for four months on the development of innovative solutions in response to the challenge presented by this year’s program and in line with the Bank’s business nature.

Al-Ablani further praised the role of KFAS in promoting investments in technology and innovation by benchmarking to global experiences and benefiting from leading professional and academic expertise from around the world.

He added: “Holding the program for the fifth year in a row reflects the success and effectiveness of the program in keeping pace with the rapid advancements in digital transformation and in contributing to the development of innovative solutions away from the traditional tools which limit growth prospects in everyday business in the private sector.



Kuwait: NBK Specialized Hospital for Children Hosts Delegation from King Fahad Specialist Hospital in Dammam

08.01.2019

A delegation from the King Fahad Specialist Hospital in Dammam was hosted at the National Bank of Kuwait (NBK) Specialized Hospital for Children in a tour of the design of the building dedicated to the Stem Cell Transplant Unit.

The delegation comprised Engineer Ahmad Al Moussa, Head of the Planning and Equipment Department at King Fahad Specialist Hospital, Ms. Fatima Al Sihati, Nursing Services Officer and Orders Coordinator, and Engineer Bilal Al Shaaban, representing Malifesto International for Hospitals Equipment.

As part of the tour, Maitham Hussain, Director of the NBK Specialized Hospital for Children, gave a detailed presentation of the development phases of the Stem Cell Transplant Unit’s building, its operational processes which adopt international features and standards, and the various aspects of the building designed to cater to the requirements of daily operations of various divisions. He highlighted that the Hospital has a mission to serve patients and its building design places the needs of patients at the core of its facilities.

On their part, the delegation from the King Fahad Specialist Hospital praised the advanced technologies that have been adopted in the design of the building and optimal usage of spaces and service areas to ease the movement between the facilities.

The delegation also commended the respect of the environment and climate in the design, taking into consideration the direction of the sun and wind which affects the operations of the building and equipment specifically in Kuwait’s unique climate.

NBK Specialized Hospital for Children inaugurated its Stem Cell Transplant Unit in May 2017. The Unit is divided into outpatient clinics, a blood transfusions division, wards for day care and chemotherapy, a division dedicated to the Blood Bank, in addition to the stem cell transplant ward. The Unit entered into operations in phases to guarantee quality standards in cancer care and stem cell transplant.

The Stem Cell Transplant Unit is the first unit in Kuwait for stem cell transplant dedicated for children under the age of 16 years, and is the largest initiative of its kind in the local private sector.

 



Kuwait: Executive Management of NBK Meets with the National Union of Kuwaiti Students – USA

06.01.2019

With a growing commitment to the youth of Kuwait, offering its support within the banking sector and beyond, the Executive Management of the National Bank of Kuwait recently hosted a luncheon for members of the National Union of Kuwait Students (NUKS) - USA Branch and Kuwaiti students who are studying abroad.

The luncheon held discussions with the NUKS - USA members and Kuwaiti students about their banking needs that the Bank can provide to support their studying experience outside of Kuwait.

NBK presented the products and services it has carefully developed to cater to the unique and fast-paced lifestyles of the younger generation, and especially when living outside their home country.

The Bank also discussed the latest introduced updates to enhance NBK Mobile Banking App, ensuring the highest technological standards and features that allow customers to manage their accounts and complete transactions easily.

Speaking of the fruitful luncheon, Mohammed Al Othman, General Manager of Consumer Banking Group, National Bank of Kuwait said, “NBK places significant importance to serving the youth and we are glad to have had the opportunity to meet with the NUKS members and Kuwaiti students studying abroad.

NBK always listens to students and the younger generation to ensure we tailor products that meet their banking needs.”

Al Othman added, “NBK provides many easily accessible services to the youth in addition to holding activities and campaigns all year long to offer them promotions and rewards.

The Bank also offers services that ease their banking experience when traveling or living abroad, all available in 15 international branches and through toll free numbers available for customers to connect with the Bank while traveling.”

Customers can connect for free with NBK through the toll free numbers available in nine countries.

The numbers are available in the most popular travel destinations: UAE, USA, UK, Canada, France, Germany, Turkey, Italy and Spain.

The Bank launched new services on the NBK Mobile Banking Application, introducing e-payments through which customers can make hassle-free electronic payments anytime, anywhere and for service providers in Commercial Liabilities, telecom and entertainment.


The bank recently launched also on its Mobile Banking Application the NBK Quick Pay service which is a fast and easy way to receive money, pay bills and transfer due amounts to friends, anytime and anywhere, even on weekends and official holidays.