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

Weather

C

Feels like
C
  • Humidity

  • Wind

  • Wind Speed

  • Sunrise

  • Sunset

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 2018 Walkathon Centre starts receiving applicants

29.11.2018

National Bank of Kuwait (NBK) opened a specialized center in the Green Island to assist the registered participants in its annual walkathon and distribute the assigned T-shirts and numbers. The center will be opened daily until December the 6th, 2018 from 1:00 pm to 09:00 pm.

This year, NBK's Walkathon is marked by a variety of fun, entertaining and health awareness-raising activities. Titled “We’re stronger… with every step”, the Walkathon will take place on the 8th of December 2018. NBK will be giving away two new Nissan cars from Al Babtain Group during the Walkathon along with many other valuable prizes.

Participants of the age12 and above who  registered online can now visit NBK walkathon center daily until December the 6th, 2018 to receive their assigned T-shirt and number. Children between the age of 5 and 11 are welcomed to receive their kits at the center. Children’s activities will be organized by CIRCUIT+ during the day of the race at Shuwaikh Beach Park from 9 am until 12 pm.
 
Ten winners will be selected from each of the 10 categories of participants. The walk for both the female and male participants will start from the Green Island on the Gulf Road to the Shuwaikh Beach Park, parallel to the Gulf Road, next to KPC building for a distance of 11 Km.

NBK strongly supports sporting events and encourages various sporting activities as means to promote a healthier and more active lifestyle for members of the community. Throughout the years, NBK also organizes several social awareness programs including Educational, Environmental, Health and many other active initiatives.



Kuwait: NBK Enhances ATMs and CDMs for Customers to Enjoy Faster and More Convenient Services

11.12.2018

Focused on implementing the safest and latest in technology to improve customers’ banking experience, National Bank of Kuwait (NBK) enhanced its Automated Teller Machines (ATMs) and Cash Deposit Machines (CDMs) to enable customers to enjoy many new services for a better and easier banking solutions.

With the new enhancements, customers can make cardless withdrawals by simply using their mobile number or Civil ID, update their Civil ID expiry date 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.

In addition to these features, customers can also easily change their debit or credit card PIN number, transfer between accounts, request checkbooks and account statements and add beneficiaries who will be able to initiate cardless withdrawals in the same way.

“The new enhancements and services provided by our ATMs and CDMs have earned our customers’ satisfaction, saving them time and the effort of visiting their nearest branch to complete the simplest of transactions,” said Maitham Al-Salem, ATM Channel Supervisor, National Bank of Kuwait. “We has committed to providing our customers with a faster and safer service, while ensuring we implement the highest quality and safety standards.”

Al-Salem added: “NBK also provides customers with the convenience of ATMs and CDMs located across Kuwait to easily withdraw cash. Moreover, NBK Multicurrency ATMat the airport allows customers to withdraw cash in six different currencies that are the US Dollar, Euro, British Pound Sterling, UAE Dirham, Saudi Riyal and Kuwaiti Dinar..”

NBK makes it even easier, more convenient and safer for customers to use its mobile ATMs, in addition to its Multicurrency ATM located at Nuwaiseeb to withdraw cash when crossing the borders.

Both NBK and non-NBK customers can withdraw in Saudi Riyal when heading to Saudi Arabia and in Kuwaiti Dinar when returning to Kuwait. Located across Kuwait, NBK ATMs and CDMs enable customers to deposit up to 100 notes at one time, 24 hours a day, 7 days a week, and immediately credit the amount into their account in a safe and secure way.

Providing convenience and reliability in every step of the banking experience, NBK offers its customers a wide range of exclusive and innovative services and products to satisfy their unique needs and lifestyle.

 



Kuwait: NBK Sponsors a Discussion Panel on “The Interpersonal Aspects of Innovation”

06.12.2018

National Bank of Kuwait (NBK) sponsored a discussion panel  on “The Interpersonal Aspects of Innovation” organized by the Institute of Banking Studies (IBS).  The event’s keynote speaker was Steve Farber, one of global top 50 leadership and management experts.

The discussion panel discussed several important topics, including: basic framework for learning and planning inside and outside the workplace, the new gold standard for mentoring and talent development, moving from fear of failure to the pleasure of exploration.

Participants were trained to increase their interpersonal skills, to take risks and identify challenges they face as positive adventures. They were also urged to be more innovative and creative at work, as well as to learn from past mistakes and positively engage with new endeavors.

 “NBK participation and sponsorship of this event is part of our ongoing commitment to effectively participate towards raising awareness and knowledge among different segments of society as well as developing and refining the skills of national banking sector’s employees.” Said Mr. Emad Ahmed Al-Ablani, General Manager, Human Resources at NBK Group.

He added that the key aspects addressed by the discussion panel included innovation and creativity, which have always been adopted by NBK as part of its mechanisms aimed at improving employees’ performance using the best training programs in line with the highest international standards.

Al-Ablani explained that NBK continues to sponsor key activities aimed at training and developing  national employees in general and within the banking sector in particular, raising their abilities to cope with labor market’s conditions and challenges in order to be qualified and skillful leaders, going forward. 
 
He praised the important role played by IBS in increasing awareness and spreading the banking culture through numerous activities and events, thus contributing to further employees development in the financial and banking sector in Kuwait.

Steve Farber is listed on Inc.’s ranking of the Top 50 Leadership and Management Experts in the world, and #1 on Huffington Post’s 12 Business Speakers to See, Farber is a bestselling author, popular keynote speaker, and a seasoned leadership coach and consultant who has worked with a vast array of public and private organizations in virtually every arena.

NBK’s sponsorship of this discussion panel emphasizes its approach to community development in various fields, including social and educational aspects, as part of its mission to serve the community and contribute to its development.
NBK receives recognition
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 institute’s various workshops and seminars. 
 



Kuwait: Two days left for NBK Walkathon

05.12.2018

Two days left for the National Bank of Kuwait (NBK) walkathon registration. The Walkathon will be held on Saturday, 8th December2018. The walkathon Center, in the Green Island, will be open till the end of today (Thursday 6th of December) from 1:00 pm until 9:00 pm.

NBK Group CEO Issam J. Al Sager, NBK Deputy Group CEO Shaikha Al Baher, NBK- Kuwait CEO Salah Yousef Al Fulaij and NBK- Kuwait Deputy CEO and NBK General Manager, Treasury Group, Sulaiman Barrak al Marzouq, NBK General Manager, Consumer Banking Group, Mohammad Al Othman and NBK General Manager Group Human Resources, Emad Al Ablani were welcomed at the NBK Walkathon center in as they prepared to take part in the 8th of December event.

Thousands of participants have signed up for this annual festival. NBK's Walkathon is marked by a variety of fun, entertainment and health awareness activities. 

NBK will award the top 10 winners in each category, and will give away two brand new Nissan cars from Al Babtain Group, as grand prizes during the Walkathon along with many other valuable prizes.

Ten winners will be selected from each of the 10 categories of participants. The walk for both the female and male participants will start from the Green Island on the Gulf Road to the Shuwaikh Beach Park, parallel to the Gulf Road, next to KPC building for a distance of 11 Km.

NBK strongly supports sporting events and encourages various sporting activities as means to promote a healthier and more active lifestyle for members of the community. Throughout the year, NBK also organizes several social awareness programs including Educational, Environmental, Health and many other active initiatives.
 



Kuwait: Exclusive Offers and Benefits at Four Seasons Hotel Kuwait for NBK Cardholders

04.12.2018

National Bank of Kuwait continues to reward its customers with unique offers all-year-long in line with their needs and aspirations, and has announced a new partnership with Four Seasons Hotel Kuwait at Burj Alshaya to give the Bank’s customers exclusive benefits and offers.

With this new partnership, NBK Customers will benefit of discounts and many privileges at the Four Seasons Hotel Kuwait when using any of the following NBK Credit Cards: Visa Infinite, World Elite Mastercard , Visa Signature and World Mastercard, in addition to the Mastercard Business Banking Credit Card.

The offers to which NBK Customers will exclusively avail include a free breakfast for two people at Elements restaurant when booking any type of rooms on fourseasons.com/kuwait or directly through the Hotel, in addition to a complimentary room upgrade on the room booked on the website or directly with the Hotel.

The NBK Cardholders that are mentioned previously also receive 15% discount on restaurants, 50% on any suite of the customer’s choice when celebrating a marriage anniversary for customers who held their wedding at the Hotel, 25% discount on the "Friday Brunch" at Elements restaurant when booking for a table of 20 people on the Friday following the customer’s wedding at the Hotel, and 25% discount on treatments for the bride and four additional guests accompanying her.

NBK Customers also receive a 15% discount on meeting rooms and discounts of 20% on spa treatments or access to the outdoor or indoor pool with every 60 minute treatment massage booking, in addition to four free nights for each new member of the spa and health club.

Commenting on the new partnership, Rym Bourenane, Merchant Promotions Manager at National Bank of Kuwait said: “We are pleased at NBK to announce our partnership with Four Seasons Hotel Kuwait to provide our customers with a new and unique experience in this luxury hotel. Our customers can take advantage of these exclusive offers and discounts that cover a wide range of services offered by the Hotel for them to enjoy an unforgettable experience. At NBK, we commit to always offer our customers with new and special benefits. Customers can learn more about our campaigns and offers by following our social media platforms or visiting our website.”

On her part, Aynur Mamedova, Director of Public Relations & Communications, at Four Seasons Hotel Kuwait said: “We are pleased to be offering these discounts and benefits exclusive to NBK Customers, whom we hope will benefit of them. We are proud to be partners of NBK and we look forward to growing our ties in the future.”

NBK offers a wide variety of banking products and services that are tailored to the lifestyle of customers. Customers can choose between NBK Credit Cards that designed to meet their different needs and provide them with an array of benefits and rewards, including the NBK Rewards Program, LoungeKey, discounts, concierge services, international services and much more.

To learn more about the benefits from the partnership with Four Seasons Hotel Kuwait or to learn more about NBK Credit Cards, customers can visit the website at nbk.com.



Egypt: NBK-Egypt inks a cooperation protocol with Town Gas to finance natural gas connections to New Cairo districts

04.12.2018

National Bank of Kuwait – Egypt (NBK-Egypt) signed a cooperation protocol with the Egyptian Company For National Gas Distribution In Cities "Town Gas", a subsidiary of the Egyptian Natural Gas Holding Company "EGAS" on Tuesday, December 4, 2018. As per the agreed upon terms, NBK will finance the cost of natural gas connection and operational activities carried out by Town Gas in New Cairo districts through extending credit facilities to Town Gas customers.   

The protocol was signed by Mr. Yasser Hassan, Managing Director, NBK -Egypt, and Eng. Yasser Bahnas, Chairman and Managing Director, Town Gas, in the presence of Mr. Yasser Al Tayeb, Deputy Managing Director, NBK-Egypt and Mr. Amr Al-Alfy, Head-Corporate & Commercial Banking at National Bank of Kuwait - Egypt, in addition to a number of NBK and Town Gas executives.

Dr. Yasser Hassan described this step as part of NBK’s strategy and directions during the current phase aimed at strengthening its position in the retail banking sector by providing advanced services and products tailored to the needs and requirements of its diversified retail customers, based on extensive and thorough market studies. He added that entering into this agreement reflects NBK’s guidelines in that regards. 

He pointed out that NBK is always striving to expand its corporate portfolio. The bank's credit portfolio includes a wide array of companies, including large corporations and SMEs. NBK has affirmed its support to the SME sector, which is of vital and prominent importance to the Egyptian market, through providing numerous competitive alternatives, as it draws on NBK-Group’s extensive resources and international expertise.

Mr. Amr Al-Alfy said that this agreement is part of NBK’s efforts aimed at supporting the petroleum sector, especially Egypt’s direction towards extending natural gas connections throughout the country including Cairo and other governorates to replace butane gas cylinders. This also comes in line with the recent natural gas discoveries, providing Egypt with additional foreign currency resources.

Meanwhile, Eng. Yasser Fouad Bahnas, Chairman and Managing Director of Town Gas, said that this initiative is part of the national project framework sponsored by His Excellency the Minister of Petroleum and Natural Resources, Eng.

Tariq Al Mulla, aimed at expanding natural gas delivery to all customers to improve Egyptian citizens’ living standards and to expand the customer base. Based on the Minister’s directions, agreements are issued with easier terms to reduce the financial burden and to extend the reach and benefits of this unique ubran service, strongly reflecting on realizing the  government’s objectives aimed at spreading natural gas services and reduce budget subsidies.

Town Gas has successfully provided its customers with an option to finance  natural gas installation costs, allowing them to pay in installments based on the actual estimation for the applicant’s residence. Financing is provided by NBK-Egypt, without setting a minimum or maximum credit limit over a period of five years.

This initiative will connect over 40,000 residential units in addition to the future expansions in New Cairo district, where natural gas installation has already been completed and is considered outside the boundaries where the financing program applies to monthly natural gas consumption bill of EGP 30 per month over 6 years.


NBK-Egypt (previously known as Al-Watany Bank of Egypt) is a member of NBK Group and was established in 1980. The bank currently has 48 branches across various Egyptian governorates including Cairo, Giza, Alexandria, Delta, Sinai, the Red Sea, and Upper Egypt, as well as industrial areas like Sixth of October, and Tenth of Ramadan. The bank is also privileged to be among the elite banks within the Egyptian market that hold an Islamic banking license in addition to its conventional licensing. It has two Islamic branches, one in Cairo and the other in Alexandria, thus enabling the bank to offer a comprehensive selection of Sharia compliant products and services in addition to its traditional offerings.

NBK Egypt has an extensive network of branches that are located across the country to serve its customers around the clock, in addition to NBK’s various electronic services such as NBK Online, allowing customers to enjoy secure, safe and convenient banking services anytime and from anywhere.

 National Bank of Kuwait was incorporated in 1952 as the first local bank and the first shareholding company in Kuwait and the Gulf region. 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 strong financial indicators, asset quality, high capitalization in addition to its highly recognized and very stable management team, as well as and its disciplined approach to risk management prudent lending policies. NBK was also named among Global Finance’s list of the 50 safest banks in the world for the thriteenth consecutive time. NBK enjoys the widest banking presence with a local and international network of 153 branches reaching 4 continents. NBK’s international presence spans many of the world’s leading financial centers including the United States of America, Europe, GCC, Middle East, China as well as Singapore.

 



Kuwait: Visa hails NBK’s extraordinary success for its FIFA World Cup 2018 campaign

03.12.2018

Visa honored National Bank of Kuwait (NBK) for the extraordinary success of the FIFA World Cup 2018 campaign, which included draws for fully paid round trip tickets to Moscow to attend the World Cup finals.

NBK, in cooperation with Visa, launched an extensive campaign for NBK Visa credit card holders, for a chance to win a fully paid trip to Moscow to attend FIFA World Cup Russia Final match. Each package included Business class flights, 5-stars hotel accommodation, free transportation and KD 1,000 for expenses.

The campaign was a great success and was well received by NBK Visa cardholders. It concluded by announcing the lucky three winners to attend the World Cup FIFA 2018 final matches. Three more winners received signed jerseys by the famed football player, Zlatan Ibrahimović, in addition to many more cash prizes.

“We are delighted to partner with Visa to bring such amazing and exclusive campaigns to our clients. We have dedicated our FIFA World Cup 2018 campaign to football fans. It was a huge success and was very well received by our clients,” Said Ms. Hanadi Khazal, Chief Marketing Officer at National Bank of Kuwait.

“NBK works very closely with Visa to offer NBK Visa credit card holders the best advantages and rewards. We are extremely delighted with the huge positive feedback this campaign has drew and we look forward to offering more unique and exclusive campaigns in cooperation with Visa, in addition to providing the most advanced payment solutions to our customers in line with the highest technological and safety standards”, She added.

Meanwhile, Karim Beg, Visa’s Head of Marketing for MENA, commented, saying: “We are thrilled with the response received through the NBK campaign due to its reach and impact which has actively contributed towards the success of Visa’s sponsorship of the FIFA World Cup 2018. The strategic utilization of multi-channel media platforms for the promotion of the campaign which included print, radio, OOH and digital led the company’s global team to consider it as one of the best partnerships of Visa in the MENA region.”  

"We look forward to continuing our cooperation with NBK to offer new and advanced payment solutions to meet our customers’ needs," he added.
NBK, in cooperation with Visa, strives to bring customers world-class services, with customized products and offers. The bank creates the best offers to NBK Visa Credit Card holders, including cash back, premier rewards, promotions and discounts like FIFA World Cup 2018.
 



Kuwait: NBK grants Haidar and Shenan’s wish to become air ambulance paramedics

02.12.2018

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.

Haidar Bahlawani and Shinan Fares  who are undergoing treatment at NBK Hospital, have always dreamt to become Paramedics, inthe skies to reach patients. NBK helped in making their dream come true in collaboration with Air Ambulance forces to teach them the basics of emergency and the medical treatment.

NBK arranged a visit for Haidar and Shenan  to the Air Ambulance forces who provided the children with a two-hour training and tour  in a helicopter .
 “Haidar and Shinan’s dream to become paramedics 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.

““I Dream to be” initiative is a lifetime experience for children not only with life-threatening conditions but children with special needs as well,” 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 Meets Kuwaiti Students in USA

01.12.2018

National Bank of Kuwait (NBK) has recently visited the National Union of Kuwaiti Students (NUKS), USA branch in Dallas, as part of the bank's visits to various overseas Kuwaiti student unions. NBK’s visit aims at supporting Kuwaiti students as part of its firm belief in their leading role in Kuwait’s future development and prosperity. 

Mr. Mohammed Al-Othman, General Manager, General Manager, Consumer Banking Group, at NBK, met with NUKS representatives in the United States and congratulated them on the successful completion of their recent elections, highlighting NBK’s great focus on the youth and their important role in the Kuwaiti society.

Al-Othman pointed out that in line of NBK’s Corporate Social Responsibilities, the bank is focused on supporting Kuwaiti students abroad, especially in the US through offering a wide range of services, including: Toll-free numbers and NBK prepaid cards in US dollars, as well as various electronic services such as "Mobile banking" and "Online Banking".

NBK is the only Kuwaiti bank that has presence in the United States, as it is represented through its New York branch. NBK has the largest overseas branches network, representative offices and subsidiaries located in the world's major business hubs and financial capitals.

Al-Othman pointed out that NBK provides Kuwaiti students in the United States with a wide range of benefits, including toll free numbers to contact customer services from the United States, as well as other advantages through NBK prepaid cards, in addition to enabling the student’s family to reload their prepaid cards in US dollars.

He also noted that NBK offers the best loyalty rewards program in the country for its credit card holders, in addition to extending numerous services including NBK multi-currency ATMs, available at Kuwait International Airport.

NBK continuously strives to support various student activities and events as it firmly believes in the value of developing and nurturing national talents, as they embark on their journey as future leaders, through providing numerous training programs specifically tailored to graduates and students.
 



Kuwait: 190 newly graduated Kuwaitis joins NBK family in 2018

29.11.2018

National Bank of Kuwait (NBK) announced the recruitment of more than 190 young men and women of national talents in 2018, thus cementing its position as one of the largest employers of national manpower in the private sector.

 "NBK's strategy aims to attract young national talents and provide them with opportunities to embark upon their journey of professional fulfillment in one of the best banks in the region," said Mr. Emad Ahmed Al-Ablani, General Manager, Human Resources at NBK Group,He added that the bank is proud to be one of the largest private sector employers for national manpower, supporting their development pathway through the highest professional academic programs.


Al-Ablani pointed out that NBK has become the preferred recruitment destination among newly graduated Kuwaitis as well as those looking for a promising career, thanks to the bank’s resources and developmental programs that meet international standards and their role in the enhancement of youth skills and competencies.

He highlighted that NBK is proud to see its employees rise to leadership positions within the bank, noting that NBK will always remain the biggest supporter of national cadres helping them to achieve their ambitions and career objectives.

Al-Ablani added that as part of NBK’s focus on national talents, the bank has designed special programs in cooperation with leading international institutes and universities to provide professional development and ensure its staff advancement in their career paths and to accomplish its mission of preparing future banking sector leaders.

 



Kuwait: NBK joins “yistahil_w6any” Beach Cleanup campaign

22.11.2018

National Bank of Kuwait (NBK) joined the cleanup campaign “#yistahil_w6any”  to clean Kuwait beaches. This participation  comes as a part of the bank’s support  to the  Kuwaiti Community Group”MW6INIY”in its membership  in the “Clean Up The World” global campaign.

NBK provided Environmental tools to the participants in addition to recycled items to raise awareness. More than 20 NBK employees participated in this campaign that covered the free zone in Shuwaikh.

NBK's Public Relations Team Leader, Yaqoub Al-Baqer, said “NBK is always keen to adopt initiatives that promote sustainability. NBK is the first friendly environment bank in Kuwait  and is proud to pioneer awareness practices and initiatives to protect the environment.”

Al Baqer added:” Today we are moving towards new  prospects  in protecting the environment through sustainable initiatives, which is one of the most important practices driving the Bank's social responsibility objectives for the coming years”.

Al Baqer noted that the importance of being a member in this “Clean Up The World” global campaign  lays in the values added to the environmental work locally.

The initiative facilitates the work of participants and develops their capacities to carry out their own environmental campaigns, especially that it will maintain constant contact with its members around the world to provide them with  new ways to protect Environment and tools to implement and promote "save the environment" initiatives.

This environmental campaign aims to  inspire and empower Kuwaiti  individuals and community clean up, fix up and conserve the environment. It aims to make  Kuwait more beautiful through community activities targeting the environment.

“MW6INY” is a Kuwaiti community group that aims to raise awareness amongst the citizens of Kuwait. MW6INY believes in clean energy, a healthy environment, peace and prosperity, and accountability and hard work. It aims to make  Kuwait more beautiful through community activities targeting the environment.
 



Kuwait: NBK partners with Al Shaheed Park to support Kuwaiti Culture

20.11.2018

National Bank of Kuwait (NBK) provides its support to Al Shaheed Park “Modern Heritage Festival”  during November for the third year in a row, as part of the bank’s continuous efforts to stand by the social and cultural institutions in Kuwait.

NBK’s Public Relations Assistant General Manager, Manal Al Mattar, said that NBK’s support to Al Shaheed Park activities is a recognition of the important and pivotal role that this leading cultural institution plays in promoting our culture and shedding light on its arts and rich heritage.

“Our CSR strategy focuses on supporting cultural activities that aims at building bridges between generations,” she added. “We trust that cultural and historical related events do attract a large segment of the society and it’s our duty as a leading institution to be part in spreading cultural activities and help youth to be engaged more and continuing to enhance Kuwait history and tradition for years to come.”

Over the past six and a half decades, NBK has committed itself to supporting social and cultural activities in Kuwait as part of its social responsibility. As a leading and prestigious institution, NBK has a track record of serving and supporting the Kuwaiti society. Its contribution to Al Shaheed Park supports promoting and highlighting the richness of history and civilization.

It’s worth mentioning that Al Shaheed Park is managed by LOYAC. The park management’s vision is to help in enhancing the cultural and civilized dimensions of the country, as well as support the development of the heritage.
 



Kuwait: NBK is the only Kuwaiti bank among the world’s Best Foreign Exchange Providers in 2019

19.11.2018

National Bank of Kuwait (NBK) was recognized as the Best Kuwaiti Foreign Exchange Provider in 2019 in an exclusive survey compiled by the world renowned financial magazine Global Finance.

The rankings, compiled by the international finance magazine, Global Finance, are based on input from industry analysts, corporate executives and technology experts. Criteria for choosing the winners included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.

Fawzi Al Dajani NBK-London General manager received the award on behalf of NBK at a special ceremony recently held in London.

Global Finance magazine has named its nineteenth annual World’s Best Foreign Exchange Providers in 114 countries, and 7 global regions, as well as the best banks for FX research and analysis and for FX trading technology. Global Finance also named its Corporate FX Awards honorees, covering FX management and innovation. This year, for the first time, corporate honorees were chosen in 11 key industry sectors.

Alongside fourteen Arab banks in the MENA region, NBK is selected as one of the World’s Best Foreign Exchange Providers along with major international financial institutions such as City Bank, HSBC, Societe General, Nomura, Deutsche Bank and Credit Suisse.

Criteria for choosing the Foreign Exchange Providers winners included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies. Global Finance also considered input from industry analysts, corporate executives and technology specialists.

Criteria for the Corporate FX Awards included clearly defined risk management policies, handling of crisis situations, measurement of FX exposure, and cost of hedging. The main objective of FX risk management is to minimize losses, and not to seek profit from currency movements.

NBK continues to collectively enjoy the highest credit ratings from the top 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 risk management, in addition to its highly recognized and very stable management team.

NBK also maintains its position among the 50 safest banks in the world for the 13thconsecutive year.
 



Kuwait: Exclusive Offers and Discounts to Holders of NBK Al Shabab Visa Prepaid Card

08.11.2018

The National Bank of Kuwait is committed to rewarding its Al Shabab account customers with value-added services and valuable offerings all-year-long, as part of the Bank's ongoing efforts to provide the best banking experience to its young customers.

Al Shabab account offers a variety of services and special offers, beginning with the Bank's campaign “Triple Your Student Allowance” launched this year, to special discounts for those who transfer their student allowance and holders of Al Shabab Visa Prepaid Card. The offers include 50% discount when ordering from Talabat.com on specific days, periodical discounts of up to 50% on electronics from Eureka when shopping on Eureka’s website, and 50% discount on cinema tickets valid at Cinescape during the weekend (Friday and Saturday).

Al Shabab Visa Prepaid Card also provides a wide range of exciting features such as the ease and safety of using it for online shopping. Customers may also use their Visa Prepaid Card to withdraw cash, without fees, from any NBK ATM. They can also transfer money from their card to the customer’s account.

“NBK continues to provide Al Shabab customers with new and unique offers that are tailored to the needs of the youth,” said Amal Al-Duwaisan, Senior Manager Consumer Banking Group, National Bank of Kuwait.

“We give great attention to our Al Shabab customers, that is why we have recently relaunched the ‘Triple your Student Allowance’ campaign.

The campaign provides an opportunity for new or existing Al Shabab account holders to qualify for the daily draw when the student allowance is transferred to NBK, in addition to the ongoing offers that run all year.”
Al-Duwaisan added: “Al Shabab account customers do not only benefit from ongoing offers but also of the technologically-advanced services that provide them with the convenience and ease to conduct transactions anywhere and anytime by using the NBK Mobile and Online banking services.”

Al Shabab customers have access to many services provided by NBK like ‘Quick Pay’, 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.

They can also benefit from the newly enhanced ATMs and Cash Deposit Machines (CDMs) through which they can enjoy cardless cash 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 transactions. 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.
 



Egypt: NBK bet on the promising Egyptian economy 10 years ago, and we were proven right

07.11.2018

National Bank of Kuwait Deputy Group CEO and Vice Chairman representing the Kuwaiti panel of the Egyptian Kuwaiti Cooperation Forum, Ms. Sheikha Al-Bahar kicked off her speech by describing the Kuwaiti Egyptian relation as a unique and distinctive model to the relations and ties binding Arab nations for long decades.

“The bond between the two countries witnesses several  milestones that will be engrained in  history and forever live in the memories of  both countries and their people. No matter how different the era or the phase they are going through, there is a solid foundation that time has not been able to change”. Al-Bahar Said.  


She emphasized, throughout her speech at the Egyptian Kuwaiti Cooperation Forum held yesterday, that Kuwait is the largest country investing in Egypt, with USD 2.8 billion in investments channeled through over 1000 companies in various fields, spreading across most of the Egyptian governorates. She added that Kuwaiti investments in Egypt spreads across  various sectors including services, construction, industrial, agricultural and finance.


 Al-Bahar highlighted that in the last couple of years, Egypt has taken substantial steps towards economic reforms. In late 2016, Egypt adopted an ambitious economic reform program aimed at restoring macroeconomic stability, promoting comprehensive growth and creating employment opportunities, taking into consideration the interests of the lower income class.


Al-Bahar stressed that  Kuwait, along with the international community, praise the efforts exerted by the Egyptian authorities, supported by the prudent directives of His Excellency President Abdul Fattah Al-Sisi. She mentioned that Kuwait, as is the case with the regional and the international community, is ready to take a much bigger role in supporting the Egyptian economy.


  Al-Bahar stated that in light of these promising results, most international rating agencies upgraded Egypt's credit rating and the outlook from stable to positive, reflecting their appreciation of the economic reform program implemented by the Egyptian government, supported by receiving USD 12 billion from the International Monetary Fund.


 The attractiveness of Egyptian investments Al-Bahar assured that now is the right time to invest in Egypt and to capitalize on its enormous potential, including its strategic location, low production cost due to labor abundance and the availability of a huge consumer market due to a population of more than 100 million people.

She Pointed out that diversity is the most important characteristic of the Egyptian economy as it provides tremendous opportunities to invest in various economic sectors.


 "NBK has been betting, for more than 10 years now, on the huge potential and great opportunities that Egypt presents. That is reflected through the presence of our subsidiary NBK-Egypt, which has markedly grown to become one of our key overseas branches," Al-Bahar said, noting that our bet on the promising Egyptian was proved to be right, showing the extent of our confidence in the Egyptian market.


“The numbers show that NBK-Egypt’s net profits have grown from EGP 240 million in 2007 (when NBK-Kuwait acquired its subsidiary) to EGP 1.5 billion in 2017.” She confirmed.

 She further explained that NBK-Egypt market share is 2%, ranking as the top 7th or 8th bank in Egypt, which is substantial in the Egyptian market. In the near term, we aim to increase our market share  to reach 5%, pointing out that the bank's indicators confirm that we are moving well and achieving far more growth compared to most competitors. In 2017, we were the fastest growing bank within the sector, up by 77%, compared to less than 60% by most of our peers. 

 She added that the corporate sector currently constitute a huge portion of the bank’s business, as well as retail, which is attracting significant interest and is growing rapidly at a higher rate than corporate services.

NBK is focused on offering quality services to increase its market share. Among the promising sectors within the corporate sector are SMEs, and that is what NBK’s strategy has been focused on since 2014, as we seek to diversify our corporate portfolio and reduce concentration on a limited number of customers.

SME loans account for 17.2% of the bank's total loan portfolio, with a target to achieve a 20% growth by 2020.


"NBK-Egypt aims to expand and diversify its business to cover more geographical locations in order to extend our reach to more customers. This is reflected in growing the number of NBK-Egypt branches to 48 across various governorates," Al-Bahar said.


She stressed on NBK’s keenness to develop banking transactions and improve their quality to respond to the growing market demand. In addition to the great interest in encouraging the private sector through supporting and financing SMEs, which in turn contribute to creating employment opportunities for Egyptian youth in various fields.


"We can provide great potential for the Egyptian banking market to capitalize on our fintech expertise based on our leadership as pioneers in introducing the latest technological innovations," Al-Bahar commented.
Over the past 20 years, NBK has been adopting the latest technologies and digital initiatives, positioning us among the regional leading banks offering the most advanced and sophisticated services since the 1990s.


Al-Bahar affirmed NBK's commitment to supporting digital transformation in the Egyptian banking sector. The Bank is keen to transfer its advanced expertise in digital financial solutions to its Egyptian arm, NBK-Egypt.

She pointed out that there are many Kuwaiti companies that may offer innovative digital financial solutions to  Egyptian banks. That may be implemented through specialized Egyptian companies, which in turn will create employment opportunities in Egypt. In the meantime, Egyptian mobile banking companies have an opportunity to expand its investments in Kuwait to contribute to the development of this field.

She explained that the difference between the nature and needs of the financial sector in the Egyptian and Kuwaiti market creates a good opportunity to cooperate and exchange experiences between the two countries for sustainable development by capitalizing on the differential advantages of both countries.

Al-Bahar pointed out that, with all the ongoing fundamental reforms being implemented in Egypt, Kuwaitis in general are more eager to increase their investments and contributions towards the Egyptian economy.

She stressed that there are many promising sectors such as tourism, which is expected to grow significantly, providing ample opportunities for GCC investments, besides, there are the financial services, education and energy sectors that shouldn’t be overlooked.
 
Continuing challenges

Al-Bahar highlighted some of the challenges facing investing in Egypt, pointing out that despite its sizable population, there is skills mismatch, which is the gap between an individual's job skills and the demands of the job market; that in turn affects the productivity level and raises challenges to the business sector and economic growth in general.

 She pointed out that the structural challenges, namely bureaucracy and poor governance, are the main obstacles facing the private sector as they present massive challenges to private local investments, especially with government institutions still playing a key role in the economy.

She also noted that there is a need to gradually pave the way to the private sector, to take the helm as the main contributor to the labor market and economic growth. In this regard, the Egyptian government's determination to move forward with the privatization program of some state-owned enterprises to attract private investment should be commended”.

Al-Bahar said that administrative corruption continues to be one of the greatest obstacles to foreign investments, pointing out that the Egyptian government has been exerting commendable efforts in that regards, sending clearly positive signals to investors. We welcome those efforts and would like to see that trend move forward. 

"Rising to those challenges, Egypt needs to adhere to its path of structural and economic reforms. Those are vital steps since empowering the private sector, attracting foreign direct investment and promoting exports present the only way to meet these challenges, stimulate economic growth and sustainable development," Al-Bahar concluded.

Bold Measures

In her response to a question on the impact of the Egyptian measures to enhance the investment environment, Al-Bahar said: "The structural reforms implemented by Egypt in recent years have contributed significantly to the improvement of the business environment and managed to steer more investments towards some vital sectors. Take for instance the energy sector, based on the recent gas discoveries, the oil sector is projected to received USD 4.5 billion in net foreign investments in FY2017-2018.

Meanwhile, adopting a free floating policy contributed to a surge in the foreign exchange market’s liquidity and attracted foreign investors towards the Egyptian debt market, in conjunction with more flexible polices introduced by the central bank to remove the restrictions on foreign exchange movement, which has been posing challenges and hindering the flow of investments into the Egyptian market.

She highlighted that the measures taken by Egypt over the past couple of year helped in increasing the direct net foreign investment to USD 7.7 billion in FY2017-2018.

The results of Egypt's reforms were also reflected through a significant improvement in its ranking by about 8 positions in the World Bank's Doing Business report, which would boost foreign-direct investment growth in the near term.

Egypt's adoption of a number of stimulus packages in the legislative and legal environment, including the new investment and bankruptcy laws, will undoubtedly make the investment climate more favorable and encouraging to foreign investment.

Egypt has passed several stimulus packages to enhance the legislative and legal environment, including the new investment and bankruptcy laws, which will undoubtedly make the investment environment more favorable and encouraging to foreign investment.

She added that the most pressing challenge presenting itself is population growth and how to integrate an estimated 700,000 employees in the work force on annual basis to mitigate unemployment.



Kuwait: NBK Annual Walkathon on December 8th, 2018

28.10.2018

National Bank of Kuwait (NBK) announced the launch of its 24th Annual Walkathon titled “We’re Stronger... With Every Step” on the 8th December 2018.

Participants can register for this event starting from the 1st of November, 2018 online, through a designated webpage.

Online applicants can receive their assigned T-shirt and number at the NBK’s registration point at the Green Island parking on the Gulf Road starting from Thursday 29th of November 2018 until Thursday 6th of December 2018. The number for each participant will contain a step-counting chip.

NBK will be giving away two new Nissan cars from Al Babtain Group as the grand prizes during the Walkathon along with many other valuable prizes. Referees assigned by the Kuwait Amateur Athletic Federation (KAAF) will be present to arbitrate the race. The first ten winners from each of the ten categories will be rewarded with valuable cash prizes.

“As part of the bank’s dedication to corporate social responsibility, NBK regularly supports events which encourage healthier lifestyle for members of the community”, said Abdul Mohsen Al Rushaid, NBK Public Relations Executive Manager. “NBK`s annual walkathon event is a major component of the bank's corporate social responsibility program. Over the years, it has garnered huge success and public recognition as being one of the much awaited and anticipated nationwide health and entertainment-related activity.”

“NBK looks forward to welcoming participants and giving away many exciting prizes. The Walkathon event will host various functions, activities and competitions”, Al Rushaid added.

Ten winners will be selected from each category of participants. The walk for both the female and male participants will start from the Green Island on the Gulf Road to the Shuwaikh Beach Park, parallel to the Gulf Road, next to KPC building for a distance of 11 Km.

Also, NBK opened a racing category for participants aged 60 years old and above in addition to the special needs category to encourage a healthier lifestyle among all members of the society.

NBK strongly supports sporting events and encourages sporting activities as means to promote a healthier and more active lifestyle for members of the community. Throughout the years, NBK also organized several social awareness programs including educational, environmental, health and many other active initiatives.
 



Kuwait: NBK welcomes students from Al Rajaa Secondary School

25.10.2018

National Bank of Kuwait (NBK) recently hosted students from Al Rajaa Secondary School, who toured the bank’s head office to learn about the banking industry and the dayـtoـday work of the bank’s various departments.


The students had the chance to learn about the broad range of NBK financial and banking products and services. As part of the tour, the students visited NBK museum where they had the chance to learn about Kuwait’s history, key national historical events in addition to NBK’s establishment story.


NBK Communications team accompanied the students on their tour to the bank’s various departments including the banking hall, the safety box and different banking departments.


The tour is part of NBK’s ongoing commitment to its corporate social responsibility program and to promoting the education and development of the country’s youth. NBK regularly hosts students on field trips from both public and private schools in Kuwait and provides them with information about the banking industry and career opportunities.
 



Kuwait: NBK Enhances ATMs and CDMs for Customers to Enjoy Faster and More Convenient Services

23.10.2018

Focused on launching the latest safe and secure technology to improve the banking experience of its customers, National Bank of Kuwait introduces its newly enhanced Automated Teller Machines (ATMs) and Cash Deposit Machines (CDMs).

The new enhancements enable customers to enjoy cardless cash withdrawals by simply using their mobile number or Civil ID. Customers can 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 also easily change their debit or credit card PIN number, update their Civil ID expiry date, transfer between accounts, request checkbooks and account statements and add beneficiaries who will be able to initiate cardless cash withdrawals in the same way.

“Once again, we are focused on delivering faster, more secure and convenient banking experience said Maitham Al-Salem, ATM Channel Supervisor, National Bank of Kuwait. “With the new Tap & Pay enabled feature and cardless transactions, customers can enjoy easy services through our machines.

They can withdraw money without their card and by simply using their Civil ID or phone number. The new features will help customers to complete many of their daily banking transactions without having to visit the branch”.

Al-Salem added: “We have dedicated time and effort to enhance our ATMs and CDMs to provide our customers with a better banking experience.

Our customers will not only save time and effort when using these new services, but will also benefit from features that meet their unique needs. We at NBK, continue to introduce services and enhancements that cater to their lifestyle and ensure they receive the best banking experience.”

Located across Kuwait, NBK’s ATMs and CDMs enable customers to deposit up to 100 notes at one time, 24 hours a day, 7 days a week, and immediately credit the amount into their account in a safe and secure way. NBK also provides customers with the convenience of mobile ATMs to easily withdraw cash. Moreover, NBK’s Multi-Currency ATMs at the airport allow customers to withdraw cash in six different currencies that are the US Dollar, Euro, British Pound Sterling, UAE Dirham, Saudi Riyal and Kuwaiti Dinar. 


NBK makes it even easier, more convenient and safer for customers to withdraw cash in Saudi Riyal when crossing the Nuwaiseeb borders with the multi-currency ATM. Both NBK and non-NBK customers can withdraw in Saudi Riyal when heading to Saudi Arabia and in Kuwaiti Dinar when returning to Kuwait.

Providing convenience and reliability in every step of the banking experience, NBK offers its customers a wide range of exclusive and innovative services and products to satisfy their unique needs and lifestyle.

 



Kuwait: NBK Concludes Training Program for KOC Employees

17.10.2018

Through Group Human Resources and in cooperation with Foreign Corporate, Oil and Trade Finance Group, , the National Bank of Kuwait (NBK) concluded a training program held for employees of the Kuwait Oil Company (KOC) to introduce them to the operations of the various departments at NBK and develop their technical skills.

The training program lasted for four weeks and covered several sectors which included an introduction to the services provided by the Bank to its foreign clients, commercial financing, treasury, operations, project financing, syndicated loans, risk management, letters of guarantees and other forms of credit, in addition to anti-money laundering.

"NBK is focused on promoting the culture of banking among those working in the oil sector by introducing to the banking processes and operations, ultimately giving a clear vision of the banking information that they may require during the implementation of their work," said Emad Ahmed Al-Ablani, General Manager – Group Human Resources, National Bank of Kuwait.

Al-Ablani highlighted the significance of the training program and its content, which contributes to increasing the knowledge of employees who work in sectors that need to deal and complete transactions with the banking sector. He added that the program covered both theoretical and practical training in order to develop the capabilities and skills of the human capital in the oil sector.

He stressed on the importance given by NBK to the training of national human resources, as it comes as part of its corporate social responsibility and is an element of pride as NBK ranks one of the largest companies in the private sector in Kuwait to invest in national competencies.

On the other hand, Mr. Pradeep Handa, General Manager of Foreign Corporate, Oil and Trade Finance Group, National Bank of Kuwait, said, “We are pleased to conclude the training program for employees of KPC and its subsidiaries. NBK has a strong commitment to the oil and gas sector, supporting its strategy to realize its 2014 vision.”

NBK's training initiatives deliver on its vision to invest in the human capital by allocating a team of leading banking professionals to share their expertise and experience to promising talents. The Bank holds these initiatives annually, in line with its aim to uphold its commitment to corporate social responsibility and its belief that such programs have an effective impact and serve the community and the individuals they target. NBK’s programs continue to reflect the leadership role it has undertaken for decades in the local sector.



Kuwait: Win a Brand New GAC Motor Car from Mutawa Alkazi When Using NBK’s Mobile Banking Application or ITM

15.10.2018

As part of its ongoing commitment in providing the most unique offers and products to its customers, the National Bank of Kuwait announced a new partnership with GAC Motor represented by Mutawa Alkazi to give NBK customers a chance to win a brand new car.

NBK customers will have the opportunity to enter the draw to win a car from GAC Motor and choose between the GS8 and GA8 models. By simply downloading and using NBK’s Mobile Banking Application or using the ITM machine, customers earn chances to enter the draw.

Al Shabab accountholders who transfer their student allowance to NBK, will be eligible to enter a separate draw to win a brand new GS4 car when making transactions through the NBK Mobile Banking such as transferring money to the Al Shabab Prepaid Card in addition to using the ITM machine.

When downloading the Mobile Banking App, customers get a chance to enter the draw, as well as an additional entry every time they use the app to pay their phone bill or make a transfer between accounts.

Moreover, recharging their card or paying due amounts on their NBK credit card gives them two chances to enter the draw, and using the Quick Pay service gives them three chances to enter. Al Shabab accountholders receive an additional entry into the draw for each time they use the ITM. The first draw will be held at the end of the campaign to announce the winner of the car. The second draw will be exclusive to Al Shabab accountholders for a chance to win the GS4 car.

Speaking of the campaign’s launch, Amal Al-Duwaisan, Senior Manager Consumer Banking Group, National Bank of Kuwait, said, “We are pleased to launch a new campaign in partnership with GAC Motor that rewards our customers and encourages them to use our Mobile Banking App and ITM to facilitate making transactions anytime. We have also ensured that our young Al Shabab customers enjoy a separate draw as part of our commitment to providing them with offers and campaigns that meet their interests.”

Al-Duwaisan added, “We encourage customers to update the Mobile Banking App, so they can complete most of their daily banking transactions without having to head to the branch. We also invite them to experience the new ITM machine which helps them make transactions with ease and speed.”

The NBK Mobile Banking App allows customers to manage their finances at the click of a button with ease and convenience, offering a safe and secure way to conduct transactions anywhere and anytime such as opening a new account, view their transaction history and account balance on their debit card, make payments to their NBK credit cards or pay telephone bills, find the nearest branch or ATM across Kuwait, request an account statement or new checkbook book, and much more.

As for the ITM machine available at The Avenues, it enables customers to interact live with a customer agent through audio and video to complete their transactions.

NBK is committed to rewarding customers in its ongoing campaigns and promotions by offering them a chance to win valuable prizes.
To learn more about the new services and campaigns, customers can visit the Bank’s website nbk.com.
 



Kuwait: NBK partners with JACC to support the Kuwaiti Culture

14.10.2018

National Bank of Kuwait (NBK) partners with Sheikh Jaber Al-Ahmed Cultural Centre JACC in supporting its “Tonight 80s” show during October, as part of the bank’s continuous efforts to maintain the social and cultural institutions’ initiatives in Kuwait.

NBK’s participation in the 'Tonight! 80s' show reflects the bank’s distinguished legacy economically and socially. NBK’s eighties era mirrors Kuwait’s financial history being the first bank in Kuwait and one of the largest social contributors. NBK’s camel money box remains until today one of the most symbolic connection between the bank and its the community.
NBK’s Public Relations and Communications Assistant General Manager, Manal Al Mattar, said that NBK’s support to “tonight! 80s” show  is a gesture of recognition of the important and pivotal role that this leading cultural institution plays in promoting our culture and shedding light on its arts and rich heritage.

“Our CSR strategy focuses on supporting cultural activities that aim at building bridges between generations,” she added. “We trust that cultural and historical related events do attract a large segment of the society. It’s our duty as a leading institution to be part in spreading cultural activities, helping youth to be engaged more and continuing to enhance Kuwait’s history and tradition for years to come.”

Over the past six and a half decades, NBK has committed itself to supporting social and cultural ceremonies in Kuwait as part of its social responsibility. As a leading and prestigious institution, NBK has a track record of serving and supporting the Kuwaiti society. Its partnership with JACC supports promoting and highlighting the richness of history and civilization.

It’s worth mentioning that The 'Tonight! 80s' show took the audience on a memory trip to the eighties. The era that is considered the “Golden Age” of the Kuwaiti Television, with its various programs, series and songs, engraved in the memory of Kuwaitis. The audience re-lived the glorious eighties, looking back in our past not with sadness or nostalgia, but with pride and appreciation to the years that formed the characteristics of our society today.

JACC is a multidisciplinary public space owned by the Amiri Diwan striving to entertain, educate and inspire the people of Kuwait. It offers a range of events – in music, theatre, film, workshops and spoken word – for every generation and sector of society. JACC provides a space for dialogue to share and showcase skills and knowledge, giving younger voices a forum in which to speak.
 



Kuwait: NBK partners with Kuwait Achievers for Future Opportunities “KAFO”

11.10.2018

 National Bank of Kuwait (NBK) partnered with The Kuwait Achievers for Future Opportunities “KAFO” second annual Forum that was held on October 9, 2018 at the Jaber Al-Ahmad Cultural Center (JACC).

“KAFO” is a national database, which is considered to be one of the achievements of the ongoing activities of the National Youth Project that is under the supervision of The Amiri Diwan as per the directives of H.H The Amir Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah.

Abdul Mohsen Al Rushaid, NBK Public Relations and Communications Executive Manager, said that NBK’s sponsorship to the project is driven by its keenness to meet youth aspirations as per its sustainability approach. NBK’s social sustainability approach meets the recommendations of the National Youth Project, initiated by His Highness the Amir in 2013 as a nationwide campaign to outreach youth and involve them in national development plans.

“NBK Business Banking Team will create channels of communication and build bridges of professional relationships with the youth and future business owners,” he added.

Al Rushaid stated that at the forum, NBK will participate in one of be the different activities and various seminars to share opportunities, experience and to display products and services to encourage young Kuwaiti efficiencies.

The aim of this project is to establish and develop a database of qualified young Kuwaiti  in different academic and professional fields. This is done in order to identify and keep an updated record of the available national wealth of human resources to reinforce and utilize as a valuable national workforce.

This year’s forum would focused on different topics; Science and Technology, Environment, Media, Culture and Art, Nutrition, Business, Education, Humanitarian and Sports.



Kuwait: NBK reports net profits of KD 272.4 million for 9M 2018

11.10.2018

National Bank of Kuwait (NBK) reported net profits of KD 272.4 million (USD 898.7 million) for the first nine months of 2018 compared with KD 238.4 million (USD 786.4 million) for the same period in 2017, growing 14.3% year-on-year.

NBK’s 3Q 2018 net profits reached KD 86.5 million (USD 285.5 million), compared to KD 73.7 million (USD 243.1 million) for the same period in 2017 recording a YoY increase of 17.5%.

Total assets as of end of September 2018 reached KD 27.1 billion (USD 89.5 billion) up 5.7% compared to end of September 2017, while total shareholders’ equity increased by 5.2% to KD 3.1 billion (USD 10.2 billion). Customer loans and advances reached KD 15.4 billion (USD 50.8 billion) as of end of September 2018, up 6.5% from last year’s levels. Customer deposits grew by 5.4% year-on-year to reach KD 14.1 billion (USD 46.4 billion) as of end of September 2018.

Asset quality remained strong with NPL/Gross Loans ratio at 1.37% as of end of September 2018, and NPL coverage ratio at 237%.
The Group maintained best in class capitalization ratios. As of end-September 2018, NBK’s capital adequacy ratio (CAR) reached 17.2%, comfortably exceeding regulatory requirements.

Nasser Al-Sayer, NBK Group Chairman said “our profitability continues strengthening each quarter reflecting the solid foundation of the Group’s operations and the strong internal earning generation capacity. NBK is on track to record another year of record profits as demonstrated by the growth in 9M 2018 results. Our profits continue to be quite diversified and are mainly driven by core banking income.”

“The Group’s net operating income grew by 8.5% year-on-year to KD 661.8 million (USD 2,183.4 million), driven by healthy lending volumes, improving margins in addition to strong fee business growth” Al Sayer highlighted.
Al-Sayer also added “economic activity in Kuwait continues to improve. We witness healthy trends in the implementation of the government’s development plan; capital spending and execution rate in recent years have been on the rise indicating sustainable future growth trends.”

“Opportunities are promising in Kuwait on the back of improved business environment which in turn paved the way for the private sector to be an active player” Al-Sayer highlighted. “NBK is positioned for this lucrative operating cycle given the Bank’s capabilities, unique offerings, size and ratings.”

Isam Al-Sager, NBK’s Group Chief Executive Officer said; “The Group’s diversification strategy is an important factor in our strong and consistent financial performance. We continue to see similar trends for the rest of 2018 and beyond. Our 9M 2018 profits were driven by core banking activities and strong volumes across most business segments and geographies supporting our targets of diversified assets and income streams. Given the Bank’s adequate capitalization, stable funding and ample liquidity conditions; NBK continues to benefit from emerging opportunities locally and regionally.”

“Islamic banking is an area of focus for NBK. Boubyan Bank is key to the Group’s aspiration to implement the diversification strategy within Kuwait as well. Our Sharia compliant subsidiary is outperforming the market trends, acquiring market share and expanding its customer base.

“The geographic exposure helped NBK bring its diversification strategy into practice as we drive a meaningful contribution from our operations outside Kuwait. Profits from international operations reached 30% of the Group’s total profits in 9M 2018.This confirm the Bank’s key competitive advantage relative to peers.”

“The Group’s strategy continues to focus on expansion of presence in our MENA markets through organic growth, most importantly in the GCC and Egypt. In 2018, we are expanding in KSA by opening 2 new branches (Riyadh and Eastern province) to complement our offering in Jeddah.

Moreover, we will also be offering global wealth management in the Kingdom through our CMA-licensed entity. On the other hand in Egypt, we have been positioning for growth as the reforms continue to deliver economic stability and thus serve the largest populated Arab market that is significantly underbanked.”

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 risk 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 2017 by the Banker, Euromoney and Global Finance.

NBK enjoys the widest banking presence with a local and international network reaching 4 continents. NBK’s international presence spans many of the world’s leading financial centers including New York, Europe, Singapore and China; in addition to its presence in MENA.



Kuwait: NBK welcomes its 13th batch of “Yalla Watani” trainees for 2018

03.10.2018

National Bank of Kuwait (NBK) welcomed the 13th batch of trainees attending “Yalla Watani” program for training newly hired employees to work in the bank’s various branches.

The training course covers various banking aspects including: banking principals, credit cards, loans, letters of guarantee, insurance, fraud risks, and branch 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 14 trainees over a period of four weeks, aims at providing the required training on bank branches working mechanism in line with the bank’s strategy to continuously develop its employees’ skills and knowledge to keep abreast of workplace environment.

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

“NBK is extremely proud of its prominent role in developing the professional and interpersonal skills of our national youth through various comprehensive training programs which have been prepared according to the best international standards to achieve the highest and most distinctive qualifications and set new graduates for success in line with the labor market’s requirements."  Al Ablani said.

He added that “Yalla Watani” is an integral part of NBK’s training program aimed at attracting young national talents, as the program is tailored to cover various banking  aspects through the integration of  both practical and theoretical training mechanisms. 

 



Kuwait: Get up to 10% Cashback When Using NBK Visa Credit Cards

02.10.2018

With its unique campaigns all-year-long enabling customers to win big every time they make a transaction, the National Bank of Kuwait launches its end of year cashback campaign for customers to enjoy up to 10% cashback on purchases made locally or internationally using their NBK Visa Credit Card.

Available for customers holding the NBK Visa Platinum Credit Card, NBK Visa Signature Credit Card or NBK Visa Infinite Credit Card, the cashback campaign is valid on purchases made at retailers in the following categories: Telecom bills, entertainment, duty free, restaurants, airlines and hotels. Customers will get up to 10% cashback when they use their card locally and internationally on selected merchants as follows: Telecom bills 10 %, entertainment (cinemas, OSN, BeIN and Netflix) 5%, duty free 3%, restaurants 1%, airline 1%, and hotels 1%.

Highlighting the uniqueness of the campaign, Hanadi Khazal, Chief Marketing Officer, Consumer Banking Group, National Bank of Kuwait, said, “With our great campaigns launched during the year, and most recently the ‘Win a Car of Your Choice’ campaign which enabled five winners to win a car valued at KD 20,000, we end the year with another unique campaign that rewards our loyal customers and allows them to return up to 10% of their purchases. This campaign falls in line with our commitment to customer satisfaction in every service and product we offer.”

Khazal concluded, “NBK’s credit cards offer unique features, providing customers with many benefits when using them in Kuwait or abroad. This includes NBK Rewards Program with 800 partner outlets around Kuwait, in addition to exclusive rewards in the campaigns that are launched all year round for the holders of these credit cards. All what customers need to do is use their credit cards on daily basis and enjoy NBK’s rewards and benefits.”

NBK Visa Credit Cardholders are eligible to a maximum of KD 150 cashback each month when making their purchases using their NBK Visa Credit Card at the previously mentioned merchants until the end of the campaign on November 30, 2018.  

NBK’s Visa credit cards have many features and benefits that include the NBK Rewards Program with more than 800 partner outlets across Kuwait, access to lounges in worldwide airports, free travel insurance, NBK’s secure shopping service, free valet parking, concierge services in addition to exclusive promotions.  



Kuwait: NBK The only Kuwaiti bank among the World’s 50 Safest Banks in 2018 for the 13th consecutive time

01.10.2018

National Bank of Kuwait (NBK) maintained its listing in The World’s 50 Safest Banks in 2018 list by Global Finance for the 13th consecutive time; topping international financial heavyweights. NBK is the only Kuwaiti bank in Global Finance’s list.

According to the new ranking, NBK ranks 45st on Global Finance’s list of the World’s 50 Safest Banks for 2018 and 2nd in the Middle East regional list. This recognition demonstrates NBK’s exceptionally strong ratings, successful strategy, high standards and rigorous risk management discipline & governance.

National Bank of Kuwait has maintained this prestigious ranking for more than a decade, reflecting the strength and consistency it has enjoyed. During this period, which witnessed many challenges in the banking industry, NBK demonstrated its ability to overcome the obstacles within a changing environment and strengthen its leadership position.

“Global Finance’s Safest Banks rankings are a standard we developed to compare the reliability of banks across the world. We pride ourselves on providing this metric to aid readers in their decision-making processes regarding which bank they use.” said Global Finance publisher and editorial director Joseph D. Giarraputo.

“This year changing trade policies are having an impact on countries everywhere with continuing political uncertainty.” He added.

Global Finance rankings are based on collective long-term credit ratings from Moody’s, Standard & Poor’s and Fitch Ratings in addition to the total assets of the 500 largest banks worldwide. For 27 years, Global Finance’s listings have been well-recognized and trusted standards for the creditworthiness of financial institutions.

NBK continues to enjoy one of the highest credit ratings in the MENA region and internationally, with ratings of Aa3 from Moody’s, A+ from Standard & Poor’s and AA- from Fitch, all ratings carry a stable outlook. The Bank’s ratings are supported by NBK’s conservative strategy, strong capitalization & asset quality, prudent lending policies, wise risk management and a highly stable management team.

NBK enjoys a wide banking presence with an international footprint spanning across the world’s leading financial centers including London, Paris, Geneva, New York and Singapore, as well as China (Shanghai). NBK’s MENA presence extends to Lebanon, Jordan, Iraq, Egypt, Bahrain, Saudi Arabia, the UAE and Turkey.



Kuwait: NBK wins 3 awards: the “Best Consumer Digital Bank” the “Best Mobile Banking App" and the “Best in Mobile Banking” in Kuwait

30.09.2018

National Bank of Kuwait, the leading financial institution in Kuwait, received 3 awards: the "Best Consumer Digital Bank- Kuwait” the “Best Mobile Banking App- Kuwait” and the “Best in Mobile Banking Kuwait” from New York- Global Finance magazine. In an award ceremony held in Dubai, Global Finance announced the first round winners for the 2018 best digital banks in the Middle East.

Recognizing NBK's continuing initiatives to adapt to its clients' fast-paced lifestyle, the awards reflect the Bank's ability to excel in innovative digital services and to invest in Operations and IT.

Winners were evaluated by a world-class panel of judges at Infosys, a global leader in consulting, technology and outsourcing. Global Finance editors were responsible for the final selection of winners in the First Round.

Dimitrios Kokosioulis, DCEO, Group Head of Operations & IT at NBK said “It is our pleasure to be recognized and to receive three awards related to innovation and digitalization. This is the result of the commitment and dedication from NBK valuable team members who strive for excellence.”

He added, NBK digital transformation efforts are increasingly gaining global recognition. We started the transformation early compared to many of our peers, and we have made huge progress. In these developed markets, banking industry becomes more diverse and high-tech which in turn prompts us to keep pace with the innovations and technological advances.  It will always be our goal to keep NBK at the forefront of innovation and being future-proof."

Winning banks were selected based on the following criteria: strength of strategy for attracting and servicing digital customers, success in getting clients to use digital offerings, growth of digital customers, breadth of product offerings, evidence of tangible benefits gained from digital initiatives, and web/mobile site design and functionality.
For example, “NBK mobile banking app” was selected based on the relative strength and its success as a product and service. 

Mohammad Al Kharafi, GM, Group Head of Operations at NBK said: "We are honored to receive three awards from Global Finance, “Best Consumer Digital Bank” the “Best Mobile Banking App” in Kuwait, and the “Best in Mobile Banking Kuwait” confirming the Bank's aim to maintain its leading position and adopt the best innovations in the technology world to enhance customer experience."


He added: "NBK offers many services through NBK Mobile Banking App and Watani On line (WOL), as well as many other products. With the new services implemented, such as SWIFT GPI (NBK was the first bank to go live in Kuwait), cross border payments can be implemented in minutes instead of 3 days.  In addition NBK was the first bank in the MENA region and second bank in the world to commercially launch Selfie pay in co-operation with MasterCard, where a card holder can authenticate his online transactions using his biometrics, either face ID or fingerprint scan. Also, NBK was the first bank in the GCC to do a pilot for biometric card with MasterCard, where a customer can use his fingerprint on the card itself, rather than having to use a Pin. NBK was also the first bank in Kuwait to provide contactless wearables through the Tap &Pay service”.
True to its strategy promise of "Mobile First", NBK continues to develop the best financial solutions that address the needs of its developed market. To know more about the NBK Mobile Banking App, please visit the website www.nbk.com.

The winners of the Global Finance Best Digital Bank Awards are chosen based on entries provided by financial institutions. Entrants are judged on breadth of product offerings, success in migrating customers to digital platforms, acquiring and retaining new customers, and the use of digital technologies to improve business processes, cut costs and deliver other benefits. Each entry is analysed by a team of digital and banking experts at Infosys, our judging partner for The Best Digital Bank Awards. All final selections are the responsibility of Global Finance.



Kuwait: NBK Announces Winners of “Car of Your Choice” and KD 250,000 in Al Jawhara Draw at Mega Day

29.09.2018

The National Bank of Kuwait celebrated its exciting, fun-filled annual Mega Day on Friday 28th September at the Grand Avenue, The Avenues, in the presence of officials from the Bank, comprising Mr. Salah Al-Fulaij, Chief Executive Officer, NBK-Kuwait, Mr. Mohammed Al Othman, General Manager of Consumer Banking Group, National Bank of Kuwait, Mr. Emad Al-Ablani, General Manager- Group Human Resources, National Bank of Kuwait and Ms. Hanadi Khazal, Chief Marketing Officer, National Bank of Kuwait. The event received a great attendance from customers and visitors, giving them a chance to win valuable prizes in the activities that were planned during the day.

NBK also announced during the event the winner of KD 250,000 in Al Jawhara account’s quarterly draw, in addition to the five winners in the Summer Campaign’s “Win a Car of Your Choice” and the winners in the Zlatan draw campaign. The draws were held live in the presence of representative from the Ministry of Commerce and Industry.

Five Winners of a Car of Their Choice

The Mega Day kicked off at noon with activities hosted by presenter Salman Al Nejadi and covered live by Kuwait Pulse FM 88.8, interacting with the crowds to take part in fun-filled games and win immediate prizes. At 4 pm, the performances began with a special show organized in partnership with Kidzania, followed by a performance by a traditional band for everyone to enjoy. Live competitions then took place to win valuable cash prizes as well as prizes from stores participating in NBK’s Rewards Program.

Winners in the draws of the campaigns launched since the beginning of summer were also announced. The five winners in the “Win a Car of Your Choice” draw as part of NBK’s Summer Campaign are: Hamad Mohamed Yousef Al Sabah, Rabih Said Mekadachi, Ghadeer Salem Hussain Al Haddad, Ali Naser Ali Mohammad Ali and Mun Soo Park. The 5 winners were awarded with an NBK Prepaid Card loaded with KD 20,000 to be spent on the car of the winner’s choice at any vehicle dealership inside Kuwait. The quarterly draw of Al Jawhara account was also held live, in addition to the winners in the Zlatan campaign exclusive to holders of the FIFA World Cup Visa Prepaid Card, in which the winners took home jerseys signed by the famed football player, Zlatan Ibrahimović.

Winner of KD 250,000

During the event, the quarterly draw of Al Jawhara account was held live, announcing Ahmad Nassim Mahmoud Eid as the winner of KD 250,000. The draw was held in the presence of the representative of the Ministry of Commerce and Industry.

NBK allows customers to automatically enter the draws of Al Jawhara account, giving them 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. The minimum amount that can be deposited in the account is KD 400 and the maximum is KD 500,000. If no withdrawals 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.

Continued Success and Excellence

Sharing the excitement of the crowds at NBK’s Mega Day, Mohammed Al Othman, General Manager of Consumer Banking Group, National Bank of Kuwait, said, “We have once again concluded a unique Mega Day in which we aimed at rewarding our loyal customers through activities, draws and prizes. This year's event distinguishes itself with the quality of competitions, offers and cash prizes that were distributed to winners. The event comes as part of our continued commitment to interacting and engaging with our customers and provide them with a fun-filled day for the whole family to enjoy.”

Al Othman added, “This year, we ensured to introduce the technologically-advanced services that were recently launched by the Bank, enabling our customers to complete their transactions in simple steps through NBK Online and Mobile banking services, without having to visit their nearest branch.”

Commenting on the success of the event, Hanadi Khazal, Chief Marketing Officer, Consumer Banking Group, National Bank of Kuwait, said: "We are very happy with the positive response received during our Mega Day. We wanted to engage with our loyal customers by dedicating a day for them and their families while also holding our draws live to announce in front of the crowds the names of winners in our biggest campaign for the year, the "Win a Car of Your Choice" which was designed to give our customers the opportunity to choose and personalize the car they want to own.”

“The success of NBK’s Mega Day is a proof of our commitment to customer satisfaction and to providing them with the best level of service through advanced products, campaigning and events," added Khazal.

Advanced Technologies

During the event, the crowds were introduced to NBK’s technologically-advanced services, starting with the Tap & Pay feature available at ATMs which enables customers to withdraw and deposit money with a simple tap and without inserting their card when using the NBK Tap & Pay. In addition to this new feature, customers can also enjoy cardless cash withdrawals using their Civil ID or mobile phone number. They can also update their Civil ID details through the ATMs.

The Bank also introduced the latest updates to NBK’s Online and Mobile banking services, in addition to the direct Video Chat service allowing customers to speak face-to-face with NBK Service Officers.

Two New Campaigns: Cashback and Win a GAC Car

NBK concluded the Mega Day with an announcement of two new and upcoming campaigns: The cashback campaign and another campaign launched in collaboration with GAC Motor. NBK customers will have the opportunity to win a car from GAC Motor by simply downloading and using the NBK’s Mobile Banking Application or making transactions through the ITM machine. Al Shabab account holders will be eligible to enter a separate draw to win a car from GAC Motor.

NBK holds the Mega Day every year to reward its customers through an entertaining day that targets them and their families, in addition to announcing the winners of NBK’s largest campaigns during the year. The Bank aims to remain their first choice when looking for the banking experience that best suits their needs.



Kuwait: NBK Recognizes its 2018 Distinguished Employees

22.09.2018

For the third consecutive year, National Bank of Kuwait (NBK) honored its distinguished employees in 2018 at its Annual Award Ceremony, in the presence of Isam Al-Sager, Group CEO, Shaikha Al Bahar, Deputy Group CEO, Salah Al-Fulaij, CEO- Kuwait, Sulaiman Al-Marzouq, Deputy CEO- Kuwait , Emad Al-Ablani, General Manager- Group Human Resources, and a number of NBK’s executives.

In his speech, Mr. Isam Jassim Al-Sager said that NBK has established itself as a leading Arab regional bank through its employees which are considered as an engine for its continued success.

He added that hard work and commitment have always been the qualities of its staff and part of NBK`s achievements over the past decades, pointing out that without these behaviors the vision and goals of the bank cannot be attained.

He pointed out that all NBK employees across different departments consistently adhere to the highest service standards, show great commitment to developing their skills, and benefit from all the technical and moral support provided by the bank, which contributed to its success.

Al-Sager maintained that in order to achieve NBK’s constant pursuit to improve and enhance its services; it requires a professional team capable of ensuring the highest levels of service and commitment to transparency.

He stressed that the Bank will continue investing in its human resources, raise their efficiency and develop their skills in order to build a generation capable of leadership in the future.

Al Sager emphasized that NBK is continuing its strategy of reinforcing its leadership position as the first regional bank through the diversity and breadth of its services that meet the various requirements of customers, together with its investment in human resources.

Meanwhile, Mr. Emad Al Ablani said: “The spirit of teamwork and dedication of NBK's employees underscores their adherence to the Bank's commitment-based culture and approach." He pointed out that the professionalism of the bank's employees represents its wealth and strength which uniquely reflect its high standing.

He added that NBK maintains its position by strengthening relationships with its customers through its commitment to the quality of services provided by a professional team trained on criteria based primarily on standards of innovation and excellence.

He stressed that NBK is always committed to providing a healthy work environment that fosters employee’s satisfaction and career development, while continuing to reinforce its leadership position by adopting the best work practices in order to meet its customers’ needs and aspirations.

NBK has been keen on organizing these events, honoring its employees to support its human resources wealth and encourage employees to always strive for professional excellence.

The selection of distinguished employees depends on the votes of their colleagues within the same department. The voting criteria is based on teamwork, cooperation, participation, and efficiency. The ceremony honoring elite employees featured several activities and contests, as well as awarding prizes to participating employees.



Kuwait: NBK Participates In “Clean Up The World” Global

18.09.2018

National Bank of Kuwait (NBK) will participate in the “Clean Up The World” global campaign that is organized in Kuwait through the local Community Group “MW6INIY” along with nineteen other civil society organizations.

NBK will proudly support and participate in this nationwide campaign to ensure its global impact. Each one of the 20 local civil society movements will launch their own environmental awareness campaign in different areas in Kuwait, including beaches.

NBK's Public Relations Team Leader, Yaqoub Al-Baqer, said “NBK is always keen to adopt initiatives that promote sustainability. This global environmental initiative is one of the largest in the world and enjoys the support of the United Nations Environment Program (UNEP) due to the substantial results it has achieved in many countries around the world.

"NBK is proud to be the first local supporter of this global initiative,” Al Baqer added.” Today we are moving towards new prospects in protecting the environment through initiatives promoting sustainability.  Endorsing campaigns that focus on improving the ecology in a sustainable manner is highlighted in the Bank's social responsibility agenda for the coming years.”
Al Baqer noted the importance this global campaign holds in adding value to the local efforts performed to protect and improve the environment. The initiative also facilitates the work of participants and develops their capacities to carry out their own environmental campaigns. Moreover, it bridges Kuwait’s civil society groups to the global community and facilitates their work in protecting the Environment.

“Clean Up the World” is a community based environmental campaign that inspires and empowers individuals and communities from around the globe to clean up, fix up and conserve their environment.   Clean Up the World mobilizes an estimated 35 million volunteers from 120 countries annually, making it one of the largest community-based environmental campaigns in the world. With the publicity that Clean Up received it gained the support of the United Nations Environment Program (UNEP).

This campaign was brought to Kuwait through “MW6INY”, a local group that aims to raise awareness amongst the citizens of Kuwait and believes in clean energy, a healthy environment, peace and prosperity, accountability and hard work. “MW6INY” tries to make Kuwait more beautiful through community activities targeting the environment.
 



Kuwait: NBK Children’s Hospital organizes “Safety” in Cancer Care Conference

15.09.2018

NBK Children’s Hospital in collaboration with National Bank of Kuwait organized yesterday Saturday September 15th, 2018 a conference on the occasion of the international Patient Safety Day titled “Safety in Cancer Care”.  The conference extends for three days at the hospital, in Al Sabah Medical Specialty Region and focuses on safety practices and the improvement of patients’ safety.

Dr. Maitham Husain, Director of NBK Children’s Hospital, said “NBK Children's Hospital Conference aimed to integrate the best practice in patients’ safety”

“We aim to increase awareness about the skills and tools available to achieve best practices in health safety. “Through collaboration and technology as a powerful tool, we can reach the best practices to deliver to our patients” he added.

Dr. Eman Al Jafar, Department of Health Informatics and information Management at Kuwait university said: better medical documentation of patient history will improve the decision and decrease medical errors due to lack of information.

The conference comes in line with the bank’s social responsibility towards the hospital and to improve the safety practices in order to meet the nine patient safety solutions that include:

Patient Identification, Communication During Patient Handovers Look-alike, Sound-alike Medication Names, Control of Concentrated Electrolyte Solutions, Assuring Medication Accuracy at Transitions in Care, Single Use of Injection Devices, Improved Hand Hygiene to Prevent Infection, Avoiding Catheter and Tubing Miss-connections and Performance of Correct Procedure at Correct Body Site. In addition, the conference hosted several workshops focusing on raising safety awareness. Celebrating the International Patient Safety Day, the conference held a side activity to the patients to go in line with International Patient Safety Day to increase awareness about safety, hygiene, ways to prevent microbes and harmful effects.

The conference was organized by specialists from the Ministry of Health, the Blood Bank, Kuwait Society of Engineers, Kuwait Association for biometric engineers, Kuwait Public Health Society and Kuwait University.

 



Kuwait: More than 120 students participated in NBK Summer Internship Program 2018

13.09.2018

National Bank of Kuwait (NBK) concluded its 2018 Summer Internship Program for high school and college students. More than 120 students participated in the Summer Internship Program this year. Students participated in field activities including visits to the Kuwait central Bank and other public and private institutions.

Yaqoub Al Baqer, NBK Public Relations Team Leader said that NBK views the Summer Internship Program as an extension of NBK's education outreach services. “This program is a demonstration of NBK’s long-standing social involvement and commitment towards providing Kuwait’s younger generation with appropriate opportunities to experience firsthand the banking profession.”

“The five hour daily sessions featured a mixture of theoretical and practical training dedicated to providing the interns with valuable knowledge on a variety of subjects including team work, creative thinking, means of self expression and modern banking procedures, in addition to providing interns with greater exposure to daily banking practices and norms,” Al Baqer added.

The 2018 Summer Internship Program follows several successful years of NBK Summer Internship Programs. NBK regularly organizes and designs events and packages for the youth of the country to familiarize them with the world of banking and make them responsible citizens.



Kuwait: NBK Partners With TAP for Seamless Payment Solutions

12.09.2018

The National Bank of Kuwait continuously partners with leading service providers to offer its customers value-added services and products that suit their needs.

NBK has most recently partnered with the Middle East-based online business enabler, Tap, to provide merchants, customers and small and medium enterprises (SMEs) access to a globally-benchmarked e-commerce platform. This partnership between NBK and Tap will be launched in the coming few days.

To benefit from the exclusive services offered, customers are invited to register on Tap’s website and download the goCollect application by Tap.
NBK customers will exclusively enjoy the app’s special packages with a range of competitive payment solutions. Tap's goCollect billing services will allow them to track invoices and daily business activities such as payment collections.

Commenting on the new partnership, Mani Kant Verma, Ecommerce Business Development Manager, National Bank of Kuwait, said: “We, at NBK, are focused on offering our customers the ideal banking experience, especially the one that supports their business growth.

Hence our partnership with Tap will provide our customers with an easy, safe and fast platform through which they can complete their daily transactions, from issuing invoices to collecting payments. Small and medium enterprises have now a new integrated solution that will surely support their business.”

With many businesses and major corporations already benefiting from its services, the Tap goCollect features a range of services listed hereafter: sending invoices and sharing them through email, message, WhatsApp, Viber or Facebook, adding and selecting from contacts, listing item products on a dedicated online platform hosted on the tap.com website, having access to bills sent in real time, tracking instantly when bills are paid, and a fully-integrated dashboard to view all transactions that are laid out.

Providing innovative and technologically-advanced products and services for personal, private and corporate banking, NBK Group has the widest banking network covering four continents. NBK is present in the MENA region, Kuwait, Saudi Arabia, UAE, Bahrain, Lebanon, Egypt, Jordan and Iraq, in addition to Turkey and leading International capitals and cities such as London, Paris, Geneva, New York, Singapore and Shanghai.



Kuwait: Less Than a Month to Win the Car of Your Choice with NBK

03.09.2018

As part of the ongoing summer campaign, The National Bank of Kuwait encourages customers to increase their chances to win a car of their choice valued at up to KD 20,000 when using their NBK Cards.

Running until September 15, NBK’s summer campaign enables customers to enter the draw to win a car of their choice when using their Credit Cards in Kuwait, whether for retail purchases, online payments or cash withdrawal. Each KD 1 spent locally using NBK Credit Cards avails for one change to win the prize, while each KD 1 spent internationally using NBK Credit or Debit Cards avails for three chances to win the prize.

“The summer campaign is the ideal opportunity to enjoy a brand-new car,” said Hanadi Khazal, Chief Marketing Officer, Consumer Banking Group, National Bank of Kuwait. “We are always committed at NBK to bring unprecedented offers and promotions to surprise customers and reward them. What makes our summer campaign even more special is the ability for our customers to choose their car and its specification, a reward that we believe they deserve”.

Khazal added: “The campaign received positive feedback, and this would encourage NBK to launch new campaigns that are tailored to our customers’ preferences.”

The winners will be announced during the draw that will be held on September 28, 2018. Each winner will receive an NBK gift Prepaid Card issued in the name of the Bank and pre-loaded with KD 20,000 to be spent on the car of the winner’s choice. The gift card may be used at any vehicle dealership inside Kuwait to purchase a vehicle and car insurance.

By giving customers the opportunity to win the value of a vehicle of their own choosing, NBK reaffirms its long-standing commitment to customer satisfaction and continues a lasting relationship with customers based on loyalty and trust.

Customers benefit from a range of banking products and services that suit their lifestyles. They can choose from Credit Cards tailored to their specific needs, take advantage of the NBK Rewards program and enjoy the promotions and prizes introduced all year-long. To avail to these benefits, customers can visit NBK.com, where they can navigate through the online card comparison tool.

 



Kuwait: NBK celebrates Back to School Day at its Children’s Hospital

29.08.2018

Having the “Back to School” season approaching, National Bank of Kuwait (NBK) organized special event displaying school supplies at its Children’s Hospital. This event comes as a part of a fun program designed for engaging children undergoing treatment and runs all year round.

The children had the chance to select their stationery from the book shop “International Business Center” that offered all school supplies to the children.

Yaqoub Al Baqer, NBK Public relations team leader said “The fun activity program is a part of NBK’s social responsibility towards children to support them while they get their treatment.”

 “The children enjoyed picking up their favorite stationary and creating their paper kites,” Al Baqer added. “We are overwhelmed to see the children happy and live the excitements while getting prepared to school.”

The fun event is part of a program that extends all over the year and includes a library corner, storytelling sessions, fun events and a movie night activity that are organized occasionally. Children at the hospital choose their favorite story to read or a cartoon movie to watch with their family and friends. NBK has provided a display screen, entertainment facilities, variety of different and various books and other supplies for children to enjoy the whole program.

It’s worth mentioning that NBK’s Stem Cell Therapy Unit is the first children’s bone marrow transplant center in Kuwait. The new center is the largest corporate social responsibility donation in Kuwait and will expand the hospital’s ability to treat children with cancer and blood diseases.

 



Kuwait: NBK Announces Winners of the Zeina Save & Win Quarterly Draw

14.08.2018

As part of the benefits and rewards provided by its children-dedicated account, National Bank of Kuwait announced the ten winners in the Zeina Save & Win campaign quarterly draw in partnership with KidZania.

The winners: Min Jana Emad Al-Ansari, Min Wedad Naser Al- Barjas, Min Aysha Mohammed Al- Houty, Min Mariam Zain Aldeen Al- Seleemi, Min Zahra Osama Al-Salem, Min Abdulaziz Abdulaziz Al-Rubei, Min Remas Bashar Al-Yaseen, Min Aysha Abdulla Al-Kandari, Min Habib Ahmed Al-Kayat and Min Zade Haji Ghobrankhani, were each awarded with KD 250.

Prioritizing every segment of customers, the Zeina account comes as part of NBK’s commitment to children and families, helping parents plan the future of their children and educating them from a very early age about banking.

Bedoor Al Adsani, Consumer Banking Group, National Bank of Kuwait said: “The Zeina account is tailored to these young bankers from birth and until just before they turn 15 years of age. It provides children with the basic tools they need to learn about saving and banking. Throughout this experience, we also reward them with the Zeina Save & Win Campaign.”

Al Adsani added: “The Zeina account is the ideal method for parents to excite their children with banking, and we at NBK have made it easy and convenient to open and manage the account while enjoying its many features.”

The Zeina account gives customers one chance to enter the draw for every KD 10 held in the account. Chances double with a standing order made to the account. The Zeina Save & Win campaign ends December 31, 2018.

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.

 



Egypt: Zewail City of Science and Technology and NBK ink EGP 6.25 million cooperation protocol

13.08.2018

Zewail City of Science and Technology and National Bank of Kuwait inked a cooperation protocol worth EGP 1.25 million annually for a term of 5 years to provide 10 scholarships to the City’s students in 2018.

The protocol comes in line with the strategy adopted by both parties aimed to support and develop scientific research and to empower innovative scientists by providing all the required prerequisite for success to develop the Egyptian society, in line with the Sustainable Development Strategy: Egypt's vision 2030. One of the main objectives of Zewail City is aimed at keeping abreast of scientific development and contribute towards scientific research to propel Egypt to a leading position among developed countries in the areas of science and research. Meanwhile, NBK is a firm believer that advanced education is the first step on the road to promote the country and head towards a better future, in addition to the importance of education for the Egyptian society’s progress and advancement.

The protocol was signed by Zewail City’s Executive President, Prof. Sherif Sedky and the Managing Director at National Bank of Kuwait – Egypt, Dr. Yasser Hassan. The signing ceremony was attended by a number of Zewail City faculty members and management, as well as representatives of the National Bank of Kuwait.

The protocol stipulates that a number of students shall be selected to benefit from receiving the scholarships according to a specific criteria in order to ensure equal opportunities for all qualified students, and to provide a continuous resource to benefit them. Additionally, students are required to maintain academic excellence and outstanding academic performance throughout their term at the university.

"Research has shown that there is no higher return on investment than science and scientific development, but we have to admit that no matter how large budgets get, Zewail City won’t be able to accomplish this difficult task on its own" said Zewail City’s Executive President, Prof. Sherif Sedky “Hence we are witnessing today the importance of the close cooperation between the private sector represented by National Bank of Kuwait and civil society organizations represented by Zwail city, as a scientific research institution that promotes scientific research and innovation, in line with the objectives set forth by the higher education system and scientific research in order to achieve sustainable development in society”.

Prof. Sedky expressed his happiness for signing the protocol and stressed on the importance of such steps as a milestone toward the successful completion of the project that Dr. Ahmed Zewail had long dreamed of establishing to be a beacon for research in the Middle East responsible for graduating highly educated cadres with heightened awareness towards science and technology so that they would contribute to the development of the Egyptian economy and face its challenges. It also strives to propelling Egypt to a leading position among developed countries in the areas of science and research.

Moreover, Prof. Sedky highlighted that this partnership complements Zewail City’s cooperation efforts with private and public institutions and civil society organizations. He also expressed his hopes for continuous flow of support to complete the various stages of the city and achieve a breakthrough in the scientific research arena both in Egypt and the Middle East.

Meanwhile, Dr. Yasser Hassan said that signing this agreement comes in line with NBK’s corporate social responsibility aimed at carrying out the bank’s prominent role to serve the society by directing its support and contributions to many non-profit organizations aimed at developing the society and the people through various means.

Dr. Hassan explained that the University of Science and Technology at Zewail City of Science, through its free scholarships program, sets an ideal model of trustworthy institutions that strive to utilize the support and assistance they receive in the best way possible. He added that this initiative constitutes an important part of NBK’s social corporate responsibility program as the bank strives to support such constructive developmental activities to enrich the community and contribute towards the advancement of its skillful students to showcase their scientific talents and enrich them academically in one of the best scientific research hubs in the country.

Dr. Hassan stressed that all civil society institutions in Egypt should extend their support and develop governmental institutions to aid them in supporting the citizens who need them the most, especially at this crucial time in the country’s history as it seeks to pave the way for a brighter future.

He also added that NBK Group’s overall policy, on the local, regional and international levels, is focused on social corporate responsibility covering the fields of education and health care as it firmly believes in their important role in building societies, developing nations and the prosperity in various fields and aspects.

Zewail City of Science and Technology is a nonprofit, independent institution of learning, research and innovation. Its strategy is to build a new generation of leaders, scientists and entrepreneurs capable of having a significant impact on society. It also aims to introduce new cutting-edge fields of endeavor. The City has established a five-component structure consisting of the he University of Science and Technology, Research Institutions, the Technology Pyramid, the Academy, and the Center for Strategic Studies. Zewail City has been able to register about 380 research papers and obtain 12 patents in the fields of health and environment, which is no small feat by any means.

NBK-Egypt (previously known as Al-Watany Bank of Egypt) is a member of NBK Group and was established in 1980. The bank has a network of 45 branches situated at various strategic locations across Egyptian governorates and cities including Cairo, Giza, Alexandria, Delta, Sinai, the Red Sea, and Upper Egypt, as well as industrial areas like Sixth of October, and Tenth of Ramadan. NBK-Egypt is also one of the few banks licensed to offer Sharia compliant solution in addition to the conventional products through its two Islamic branches.



Kuwait: NBK Sum0mer Internship Program students visit Central Bank of Kuwait on a field trip

11.08.2018

National Bank of Kuwait (NBK) organized a field trip to the students of the Summer Internship Program at the end of the two-week courses to the Central Bank of Kuwait .

Representatives from the Central Bank introduced the students to the various responsibilities and the history of this monetary authority that manages a state's currency, money supply, and interest rates.

The NBK Summer Internship Program is designed for students as an extension of NBK's education outreach services. The program demonstrates NBK’s long-standing social involvement as well as its national commitment towards providing the young generations with the appropriate opportunities to experience firsthand how the actual professional banking issues and transaction are handled and processed.

The 5-hour daily sessions of two-week internship featured a mixture of theoretical and practical training dedicated to providing the interns with invaluable knowledge on a variety of subjects such as; the team work, creative thinking, means of self expression and modern banking work procedure, in addition to helping interns to have greater exposure to daily banking work procedures.



Kuwait: NBK welcomes the 11th batch of “Yalla Watani” trainees

08.08.2018

National Bank of Kuwait welcomed the 11th batch of trainees attending “Yalla Watani” program for training newly hired employees to work in branch management. The training program, which is attended by 16 trainees over a period of four weeks, aims at providing the required training on bank branches working mechanism in line with the bank’s strategy to continuously develop its employees’ academic, technical, and interpersonal skills through a variety of unique training and development opportunities that contribute to improving their skills and developing their knowledge to achieve their desired career aspirations.  

The training course covers various banking aspects including: banking principals, credit cards, loans, letters of guarantee, insurance, fraud risks, and branch evaluation, in addition to developing some interpersonal skills including self-esteem, self-evaluation, achieving outstanding performance, change and innovation, management and effective communication techniques, work ethics, and teamwork.   

The trainees were welcomed by NBK executives led by Andre Botha, Deputy Head of Human Resources at NBK bank and Ghadeer Al Awadhi, Local Branches Manager, in addition to several executives from the Training and Development Department at the Human Resources Group. 

“Yalla Watani” 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 successfully pass the prequalification exams to join the course. 

“Yalla Watani” is a development course specifically designed and directed towards fresh graduates to provide them with the professional training to cover various banking aspects. The program integrates both practical and theoretical training aspects to develop trainees’ interpersonal skills and rapidly aid their self-development due to its balanced structure and great effectiveness in developing the youth and helping them to engage in building their professional careers.    

 



Kuwait: NBK welcomes the 11th batch of “Yalla Watani” trainees

08.08.2018

National Bank of Kuwait welcomed the 11th batch of trainees attending “Yalla Watani” program for training newly hired employees to work in branch management. The training program, which is attended by 16 trainees over a period of four weeks, aims at providing the required training on bank branches working mechanism in line with the bank’s strategy to continuously develop its employees’ academic, technical, and interpersonal skills through a variety of unique training and development opportunities that contribute to improving their skills and developing their knowledge to achieve their desired career aspirations.  

The training course covers various banking aspects including: banking principals, credit cards, loans, letters of guarantee, insurance, fraud risks, and branch evaluation, in addition to developing some interpersonal skills including self-esteem, self-evaluation, achieving outstanding performance, change and innovation, management and effective communication techniques, work ethics, and teamwork.   

The trainees were welcomed by NBK executives led by Andre Botha, Deputy Head of Human Resources at NBK bank and Ghadeer Al Awadhi, Local Branches Manager, in addition to several executives from the Training and Development Department at the Human Resources Group. 

“Yalla Watani” 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 successfully pass the prequalification exams to join the course. 

“Yalla Watani” is a development course specifically designed and directed towards fresh graduates to provide them with the professional training to cover various banking aspects. The program integrates both practical and theoretical training aspects to develop trainees’ interpersonal skills and rapidly aid their self-development due to its balanced structure and great effectiveness in developing the youth and helping them to engage in building their professional careers.



Kuwait: Exclusive Offers for NBK Al Shabab Customers in Collaboration with Eureka

07.08.2018

Once again National Bank of Kuwait provided Al Shabab customers with new and exclusive offer in collaboration with Eureka. The offer entitled Al Shabab customers to benefit from more than 50% discount on a range of electronic accessories and gadgets, when making the purchase through Eureka’s website and using Al Shabab Visa Prepaid Card.

Ideal to prepare them for their travels during the summer season, the offer lasted for 3 days (From 26 to 28 July 2018) and included over 15 items such as the latest AirPods, portable speakers, cameras and earphones amongst others that were available in various colors.

“NBK continues to provide Al Shabab customers with new and unique offers that are tailored to the needs of the youth,” Said Dalal Al Mulla, from Marketing Department, National Bank of Kuwait. “We work closely in partnership with Eureka to customize our ongoing offers and our latest offer was a direct response to the request of our Al Shabab customers.”

Al Mulla added: “We have a solid partnership with Eureka, and we promise Al Shabab Customers with new and existing offers. Customers of Al Shabab account do not only benefit of ongoing offers but also of technologically-advanced services that provide them with the convenience and ease of a safe banking experience.”

Commenting on the offer Tareq Bou Fakhrelddine, Sales Manager at Eureka said:” We are very pleased to collaborate on these unique offers with NBK, especially that they are tailored to the needs of our young generation. The last offer was very successful and the items were sold out in a short period of time”.

Al Shabab Account offers a range of services and rewards that suit the young generation’s needs and lifestyle. The account offers advanced and easy to use services. Al Shabab account holders receive a free Al Shabab Visa Prepaid Card when they transfer their student allowances, offering them numerous benefits and rewards. Al Shabab Visa Prepaid Card provides exciting and important features that allow customers to transfer money from the Prepaid Card to their account. Customers can also now withdraw cash from Al Shabab Visa Prepaid Card without paying a fee using any NBK ATM. They also enjoy many great offers and benefits including special discount on talabat.com on selected days and 50% exclusive discount on weekend movie tickets at Cinescape.

Al Shabab Account benefits include easy and convenient banking transactions, direct contact with customer care staff through online live video chat, Whatsapp service and the 24 hours, seven days a week call center, 1-801-801. Also, Customers can utilize a newly launched service, ‘Quick Pay’ to receive funds in just a few clicks.



Egypt: NBK – Egypt achieves EGP 988.8 million in net profits for 1H 2018

05.08.2018

Total assets reached EGP 65.12 billion as of the end of June 2018 up 10.37% compared to EGP 59.06 billion for the end of December 2017. Total customers deposits grew by 16.34% for the same period to reach EGP 47.54 billion, compared to EGP 40.86 billion for the end of December 2017. While customer loans and advances reached EGP 38.39 billion as of end 1H 2018, growing at 13.20% year-on-year, compared to EGP 33.91 billion for the end of December 2017.

Isam Jassim Al-Sager, NBK’s Group Chief Executive Officer and NBK-Egypt Chairman said that the strong growth achieved by NBK-Egypt is a testament to the success of its vision aimed at affirming its position in the Egyptian market, which is one of the main growth markets for NBK Group, given its promising growth opportunities and positive prospects.

Mr. Al-Sager pointed out that the strength of NBK-Egypt’s profits stems primarily from being operationally driven by improved business environment, reflecting the stability of the economic scene in Egypt. He indicated that this stability will create new investment and financing opportunities for the bank, which in turn will contribute to improving the level of product integration between NBK-Egypt and the Group, thus strengthening its position in the Egyptian market.

Al-Sager confirmed that NBK Group's investments in Egypt are of strategic and long-term nature. NBK-Egypt is considered one of the most important branches for the Group as the branch provides almost third of the profits attributed to international branches, reflecting NBK Group’s confidence in the Egyptian market and its desire to further expand its presence as part of the Egyptian banking sector.

Meanwhile, Managing Director of NBK-Egypt, Dr. Yasser Hassan highlighted the bank’s continuous growth and solid performance across all financial indicators driven by its conservative strategy as part of NBK Group and its business model based on the diversification of its income and credit portfolio while offering flexible financing solutions and providing innovative financial products at the same time to cater to its customers actual needs derived through detailed in-depth market studies. This is in addition to the bank's solid financial position, strong balance sheets and stable management.

Dr. Hassan added that most of NBK-Egypt’s profits are driven by corporate credit services, with a highly diversified portfolio drawing on the diversification of the Egyptian economy itself. He also added that the bank strives to strengthen its position in retail banking as well over the coming period.

He further added that NBK-Egypt has a wide network of 45 branches spread over premium locations in various Egyptian governorates and cities including: Cairo, Giza, Alexandria, Delta, Sinai, Red Sea and Upper Egypt, in addition to the industrial zones in 6th of October and 10th of Ramadan cities. The bank is also privileged to be among the elite banks within the Egyptian market that hold an Islamic banking license in addition to its conventional licensing. It has two Islamic branches, one in Cairo and the other in Alexandria, thus enabling the bank to offer a comprehensive selection of Sharia compliant products and services in addition to its traditional offerings.

National Bank of Kuwait was incorporated in 1952 as the first local bank and the first shareholding company in Kuwait and the Gulf region. 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 strong financial indicators, asset quality, high capitalization in addition to its highly recognized and very stable management team, as well as and its disciplined approach to risk management and prudent lending policies. NBK was also named among Global Finance’s list of the 50 safest banks in the world for the twelfth consecutive time. NBK enjoys the widest banking presence with a local and international network of 153 branches reaching 4 continents. NBK’s international presence spans many of the world’s leading financial centers including the United States of America, Europe, GCC, Middle East, China as well as Singapore.



Kuwait: NBK Announces Monthly Al Jawhara Winner of KD 125,000

04.08.2018

National Bank of Kuwait announced the winner of the KD 125,000 monthly Al Jawhara draw for July 2018. The name of the winner, Rasmeyah Nahar Farea AlMutairi, was announced live on FM 88.8 Kuwait Pulse, in the presence of a representative from the Ministry of Commerce & Industry and NBK representatives.

NBK rewards its most loyal customers through Al Jawhara draw with weekly, monthly and quarterly prizes totaling KD 2.2 million annually. Customers qualify for a chance in the draw for every KD 50 in their Al Jawhara account.

“When you open an Al Jawhara account you automatically enter a draw to win KD 5,000 weekly, KD 125,000 monthly and KD 250,000 quarterly.” Said Suresh Varadarajan, Head of Liabilities & Insurance, Consumer Banking Group, National Bank of Kuwait. “To open Al Jawhara account, customer can simply visit NBK Online or Mobile banking services and deposit KD 400 (minimum opening balance) or they can visit the nearest branch. Each KD 50 deposited during the required period equals one chance to enter the draw. Customers can double their chances in case no withdrawals or transfers occur during the required period.”

Varadarajan add: “We always look to reward our customers with unique and valuable prizes and we encourage everyone to benefit from this opportunity.”

Benefits of Al Jawhara Account include a free Visa debit card with access to more than 650,000 ATM machines around the world; access to NBK Online Banking and NBK Mobile Banking for viewing and managing your account wherever you are in the world. Customers always have access to NBK’s 24 hour, seven day a week call center and SMS notice service by request. Al Jawhara account holders also have unlimited withdrawals (terms and conditions apply).

Customers can learn more about the Al Jawhara accounts as well as other products and services provided by NBK by visiting the award-winning nbk.com.



Kuwait: NBK organizes fun events for children at its Hospital

02.08.2018

National Bank of Kuwait (NBK) continued organizing initiatives for the month of July designed especially for children undergoing therapy at its Hospital and Stem Cell unit.

July’s plan comprised several fun – educative activities as coloring mini bags with different shapes and designs that can be used back home, Water color activity including book drawing and coloring, Designing their own monsters where children used glue and shapes to glue them on their pieces and Make Meaning in collaboration with Tamdeen Group. “Make Meaning” event is a children-friendly hands-on activity that offers children a soap making session with different designs. Children had the opportunity to be creative in creating and designing their own soaps using different shapes, colors and scents.

Due to the success of the slime activity last month, NBK brought it back to the children with different colors, scents and shapes in the month of July too.

The fun events come as part of a program designed to engage with children and runs all year long. Children and the Hospital’s team took part in those activities and fun time to engage in during summer.

“NBK is keen on being part of the children’s happy moments during their treatment,” said Joanne Al Abdul Jaleel, NBK Public Relations Officer. “The activities were marked by awareness and intellectual challenges. We are aware of the importance of providing a healthy environment for children to be able to stand for their treatment strong and happy. We are proud seeing our children happy every week we visit them for a new initiative”.

“We take great pride today in integrating a program designed to ensure the best care for the patients and their families,” noted Al Abdul Jaleel. “We teamed up with the medical staff to make the children and their families happy.

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

NBK’s social initiatives reflect the bank’s high sense of duty and responsibility towards the community. 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 Kuwait`s society.



Bahrain: NBK-Bahrain reports net profits for the first half of 2018, up 19.4 % y-o-y

01.08.2018

National Bank of Kuwait-Bahrain (NBK Bahrain), the branch of NBK Group in Bahrain, reported net profits of BHD 55 million (equivalent to KD 44.3 million) for the first half of 2018 compared with BHD 46.1 million (equivalent to KD 37.1 million) for the same period of 2017, a growth of 19.4 % year-on-year.

NBK-Bahrain’s total assets increased by 13 % y-o-y to BHD 6.048 billion (equivalent to KD 4.866 billion), compared with BHD 5.359 billion (equivalent to KD 4.312 billion) for the same period of previous year. While total shareholders’ equity increased by 18 % y-o-y to BHD 642.330 million (equivalent to KD 516.729 million) compared with BHD 545.482 million (equivalent to KD 438.818 million) for the same period of previous year. Customer deposits increased by 24 % y-o-y to BHD 3.244 billion (equivalent to KD 2.609 billion) compared with BHD 2.611 billion (equivalent to KD 2.100 billion) for the same period of previous year.

Isam Al-Sager, NBK Group Chief Executive Officer said “Once again, NBK Group proves its dominance in the regional market and solidifies its leadership position through the outstanding performance of yet another one of its regional branches, NBK-Bahrain. These solid results come in line with the Group’s strategy aimed at strengthening its position throughout MENA region to diversify its revenue stream”.

 “We have been increasingly focused on our international operation and the numbers have definitely reflected the successful route we have been following. During the 1H2018, our international business continued to grow, strongly contributing close to 30% of the Group’s bottom line”. Al-Sager commented.

Al Sager also added that the improved profit performance was attributable to increased operating banking revenues despite the challenging operating environment.

Moreover, Al-Sager affirmed that NBK-Group will continue to focus on its international operations and foster external growth in order to complement its local dominance.

Ali Fardan, NBK-Bahrain General Manager, said “We continue to draw on NBK-Group’s clear strategy to focus on our core business to consistently drive solid results. In addition to that, we have a very talented and experienced team that backs our operations year after year. I am confident that we are set to achieve further growth in the remaining part of 2018 and beyond.”

NBK has been present in Bahrain since 1977 and enjoys strong and historical relationships with the major Bahraini and international companies. Al Fardan added.

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 risk 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 twelve consecutive times and was awarded as the Best Bank in Kuwait in 2017 by the Banker, Euromoney and Global Finance.

NBK enjoys the widest banking presence with a local and international network reaching 4 continents. NBK’s international presence spans many of the world’s leading financial centers including New York, Europe, Singapore and China; in addition to its presence in MENA.



Kuwait: Win the Car of Your Choice With National Bank of Kuwait

31.07.2018

National Bank of Kuwait continues to reward its customers by enabling them to triple their chances to win a car of their choice valued at up to KD 20,000 when using their NBK Cards during their summer vacation abroad.

As part of its ongoing summer campaign, NBK enables cardholders to enter the draw to win a car of their choice when using their Credit Cards in Kuwait, whether for retail purchases, online payments or cash advances. Each KD 1 spent locally avails for a draw entry, while each KD 1 spent internationally using NBK Credit or Debit Cards avails for three draw entries.

“We are always searching for new unique ways to reward our loyal customers, and what better way than to give them the opportunity to choose the car they want,” said Hanadi Khazal, Chief Marketing Officer, Consumer Banking Group, National Bank of Kuwait. “The summer campaign has received great feedback since its launching date and we encourage our customers to continue using their cards while travelling to increase their chances to win a car of their choice.”

Khazal added: “Rewarding our customers is part of our commitment, this is why we didn’t want to give customers just a car but wanted them to enjoy the one they choose and make our summer campaign even more special.”

NBK’s summer campaign runs until September 15. Five winners will be announced during the draw that will be held on September 28, 2018. Each winner will receive an NBK gift Prepaid Card issued in the name of the Bank and loaded with KD 20,000 to be spent on the car of the winner’s choice. The gift card may be used at any vehicle dealership inside Kuwait to purchase a vehicle and car insurance.

By giving customers the opportunity to win the value of a vehicle of their own choosing, NBK reaffirms its long-standing commitment to customer satisfaction and continues a lasting relationship with customers based on loyalty and trust.

Customers benefit from a range of banking products and services that suit their lifestyles. They can choose from Credit Cards tailored to their specific needs, take advantage of the NBK Rewards program and enjoy the promotions and prizes introduced all year-long. To avail to these benefits, customers can visit NBK.com, where they can navigate through the online card comparison tool.

 



Kuwait: NBK launches the third session of its 2018 Summer Internship Program

30.07.2018

National Bank of Kuwait (NBK) launched the third session of the 2018 Summer Internship Program. The program is custom-made for high school and college students aged between 14 and 21 years.

Mr. Emad Al Ablani, NBK General Manager, GroupHuman Resources welcomed the students. NBK Summer Internship Program is specially designed for high school and college students as an extension of NBK's education outreach services. The program demonstrates NBK’s long-standing social involvement as well as its national commitment towards providing the young generations with the appropriate opportunities to experience first hand how the actual professional banking issues and transaction are handled and processed.

The 5-hour daily sessions of two-week internship featured a mixture of theoretical and practical training dedicated to providing the interns with invaluable knowledge on a variety of subjects such as; the team work, creative thinking, means of self expression and modern banking work procedure, in addition to helping interns to have greater exposure to daily banking work procedures.

NBK regularly organizes and designs events and packages for the youth of the country to familiarize them with the world of banking and make them responsible citizens.



Kuwait: NBK and LOYAC arrange a cultural trip to Morocco

28.07.2018

National Bank of Kuwait (NBK) and LOYAC concluded their cultural trip to Morocco titled “Atai”. The trip goes with NBK’s support to LOYAC’s annual activities and events including the trips.

 A group of volunteers from different backgrounds participated in this trip which was designed to build the leadership skills in their personality. This 11 days trip included a group of social initiatives, interacting with different cultures, volunteering and donating. During this trip, Participants were introduced to the Moroccans’ different cultures and learn their daily life routine.

This support reflects NBK’s commitment to its Corporate Social Responsibility as well as the vital role it plays in supporting students, youths and self-building initiatives in Kuwait.

“Atai is truly an inspiring cross-cultural learning experience that added profound value to the young people involved”, said Farah Bastaki, NBK Public Relations Officer. “This is the second Time we go with Loyacers to Morocco. We were happy to re-experience this inspiring trip, live with the Moroccan families, hang out with the youth, contribute to the community and explore the treasures of its cities”.

 “NBK always strives to empower Kuwaiti youth to realize their potentials, build their personalities and motivates their ambition. This trip with LOYAC comes in line with our strategy to invest in youth and develop their capabilities,” Bastaki added .

Throughout the program, Loyacers and Moroccan youth were engaged in stimulating discussions about various aspects of each society to gain a deeper understanding of what makes our cultures unique and beautiful. In addition, the trip included a historic tour of Rabat and nightly urban adventures exploring the bazaars, and landmark, a visit to the blue city of Chefchaouen and a free day in Casablanca.

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: NBK Summer Internship Program students visit KDD on a field trip

26.07.2018

National Bank of Kuwait (NBK) concluded the second session of the Summer Internship Program 2018. The session ended by a field trip to Kuwait Danish Dairy Company (KDD).

KDD representatives took the students in a tour to introduce them to the various activities as well as an exclusive visit to its factory. The students had the chance to see the different stages of food production

The aim of this visit is to enrich the students’ knowledge. It’s worth mentioning that, the Summer Internship Program this year is made up of different sessions, five-hour daily over two weeks each. The program features a mixture of theoretical and practical training dedicated to provide the interns with valuable knowledge on a variety of subjects such as: teamwork, creative thinking, the means of self-expression and modern banking, in addition to helping them having a greater exposure to daily banking work procedures.

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.

It has been seventeen years since the establishment of this program. NBK views the Summer Internship Program as an extension to its educative initiatives and as part of its corporate social responsibility.



Kuwait: NBK Announces Winners of Al Jawhara’s Weekly Draw

25.07.2018

The National Bank of Kuwait announced the winners in the weekly draw of Al Jawhara account, which also holds monthly and quarterly draws. The four winners for the month of July are, Latifah Dawoud Salman Al Sabah, Sanaa Yousef Ahmad Al Sultan, Zahrah Hussain Thiab Hussain and Hussain Ismaeel Jarkhy, each received a KD 5,000 prize.

Al Jawhara account automatically allows the customers to enter the draws, giving them 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 an Al Jawhara account, the account holder receives one chance in the draw. If no withdrawal or transfers occur on the account during the required period, customers will get an additional one extra chance for each KD 50 held in the account and double their chances of winning. The minimum required amount to open an Al Jawhara account is KD 400, while the maximum amount that can be available is KD 500,000.

Since 2012, National Bank of Kuwait has rewarded loyal customers with Al Jawhara weekly, monthly, and quarterly prizes, totally reaching up to KD 2,200,000 yearly. Customers can easily open an Al Jawhara account by visiting NBK.com, or through the NBK Mobile Banking, or any NBK branch.

Al Jawhara account provides customers with a free NBK Visa debit card, online access to their account through the website and Mobile Banking, 24/7 service through the NBK Call Center, in addition to the SMS Service.

Focused on sustaining its relationship with customers, NBK commits to offer diversified and innovative products and solutions, in addition to valuable rewards to customers.

For more information about the latest banking solutions offered by NBK, please visit: NBK.com



Kuwait: NBK Makes Payments Faster and Easier

23.07.2018

Making daily money transactions faster, easier and more secure, anytime and anywhere, the National Bank of Kuwait enables customers to receive funds with few taps, thanks to the newly launch ‘Quick Pay’ service available through the NBK Mobile Banking app.

The service comes as part of the Bank’s continued efforts to provide customers with a satisfying banking experience every day.

The ‘Quick Pay’ service is an instant and easy way to receive money into their personal accounts and a convenient way to pay bills or pay back a friend. Whether a weekday, holiday, day or night, the service is available in Kuwaiti Dinars and from any local bank. Customers do not need to add lengthy beneficiary details, but simply add the payer or receiver’s email or mobile number to securely receive money transfers.

Hala Al-Shoaibi, Senior Alternative Channels Manager, Consumer Banking Group, National Bank of Kuwait, said: “Quick Pay is one of our newest services and we’re receiving positive feedback from customers for enabling them to conveniently receive money anywhere, anytime.”

Quick Pay can be accessed through the updated NBK Mobile Banking app. Once updated, Quick Pay will allow customers to create a link for the payment to be made and share the link by SMS or email with the payer. Payments can be made by other NBK customers or non-NBK customers holding a debit card from a local bank.

Al-Shoaibi added: “Our objective is to innovate solutions that make daily transactions easier. At NBK, we are focused on constantly upgrading our online and mobile banking services to give customers additional alternatives to access their money, wherever and whenever they need, and decide when, where and how to bank. We want to give them the ultimate banking experience.”

NBK’s Online and Mobile Banking solutions provide a complete banking experience convenient for every segment of customers. The wide array of solutions is constantly enhanced for an advanced and secure service. Customers can transfer funds locally or abroad, pay bills including local mobile phone bills, transfer money between accounts, and much more through an easy and interactive interface.

To learn more about Quick Pay and the benefits of the NBK Mobile Banking, please visit NBK.com.



Kuwait: NBK participates in Loyac's social entrepreneurship program KON

22.07.2018

National Bank of Kuwait (NBK) participated in Loyac’s social entrepreneurship program “KON”. The program is a social entrepreneurship program that is co-created with Babson College. It aims to introduce young adults between the ages of 12 to 16 to the world business and   to turn their ideas into action.

Throughout the 5 weeks program, NBK Business Banking Team Manager, Bader Al Ansari along with a group of professional leaders, mentors and trainers, encouraged the participants to create a profitable business that solves a social problem.

NBK’s participation in the program comes as a part of its continuous support to Loyac. NBK is dedicated towards supporting talented young people and empowering them towards achieving their goals. “KON” is one of these initiatives that help invest and support young youths. NBK is elated with the outcome of the program and looks forward to seeing the participants moving into key leadership roles in their near future.

NBK is committed to supporting talented and qualified youngsters and empowering them to realize their potentials. The KON program goes along with NBK’s initiatives to invest in youth and support their aspirations. NBK believes that investing in human resources is investing in our future. NBK looks forward with high expectations for the outcomes of KON.



Kuwait: NBK Continues to Reward Al Shabab Customers with Exclusive Discounts at Eureka

21.07.2018

The National Bank of Kuwait returns once again with exclusive discounts for Al Shabab customers, giving them more than 50% discount on Fitbits’ products when making an online purchase using their NBK Al Shabab Prepaid Card on the website of the electronics store, Eureka.

The discount was valid for Al Shabab Prepaid Cardholders, when making online payment through Eureka’s website, while NBK customers benefited of a same-day delivery service. Al Shabab Prepaid Card is available for students who transfer their allowance to NBK.

“Our partnership with a leading electronics store such as Eureka was once again a great success as we ensure at NBK to provide customers with offers and rewards that meet their lifestyle,” explained Amal Al-Duwaisan, Senior Manager Consumer Banking Group, National Bank of Kuwait. “We thank our customers for their continued engagement with NBK and look forward to catering to them with new and exclusive promotions all year-long.”

Al-Duwaisan concluded: “We are committed to bringing new offers to our Al Shabab customers, be it on electronics, the latest gadgets and other devices, which are always announced on the Bank’s social media pages.”

Al Shabab Account offers a range of services and rewards that suit the young generation’s needs and lifestyle. The account offers advanced and easy to use services. Al Shabab account holders receive a free Al Shabab Prepaid Card when they transfer their student allowances, offering them numerous benefits and rewards designed specifically to meet the needs of Kuwait’s young banking clientele. The Al Shabab Prepaid Visa card includes a range of exciting features, as well as the ability to transfer money from the card to the customer’s account. Customers may also use the prepaid Visa Card to withdraw cash, without fees, from any NBK ATM. Other benefits include 50% discounts on Talabat.com on selected days, exclusive 50% discounts on weekend tickets at Cinescape.

NBK’s Al Shabab account is available to customers aged between 15 and 23 years, attending college or university. To open an Al Shabab account, customers can visit NBK.com or one of NBK’s local branches.

Follow NBK on Instagram to know more about Al Shabab account new and interesting offers.

 



Kuwait: NBK Staff donate blood

19.07.2018

As part of its social responsibility towards the community, NBK actively organized a Blood Donation Campaign for its staff.

NBK staff voluntarily went to the Blood Bank and offered their participation for blood donation. The mobile blood unit of the Blood Bank was available at the Head Office and Arraya building to receive the donations.

NBK goes far beyond banking to serve the community in myriad ways. The Blood Donation Campaign demonstrates NBK’s lasting commitment to the community.

This initiative is a commitment towards all patients who are in dire need of blood and is held to support the mobile blood unit of the Blood Bank.

The Blood Bank team commended NBK’s initiative and its continuous cooperation in serving the community in the philanthropist field. 

NBK strongly supports health care awareness. Throughout the years, NBK also organized several annual social awareness programs including dental checkups, blood pressure tests, weight checkups and breast cancer awareness.



Kuwait: NBK launches the second session of Summer Internship Program 2018

18.07.2018

National Bank of Kuwait (NBK) launched the second session of Summer Internship Program 2018. A two week courses custom-made for high school and college students aged between 14 and 21 years.

Its worth mentioning that LOYAC is participating in NBK’s annual summer internship program for the second time this year. LOYAC will be offering students educative training programs that aim at developing knowledge and responsibility towards society. Also this year, NBK Capital will be taking part in the sessions provided.

Sulaiman Al Marzouk, NBK-Kuwait Deputy CEO, NBK General Manager Treasury Group, participated in the opening of the second session that witnessed the attendance of 31 students. The Summer Internship Program this year is made up of four different sessions, five-hour daily over two weeks each. The third session starts on the 29th of July, while the fourth will take place on 12th of August.

The Program features a mixture of theoretical and practical training dedicated to provide the interns with invaluable knowledge on a variety of subjects such as: teamwork, creative thinking, the means of self-expression and modern banking, in addition to helping them having a greater exposure to daily banking work procedures.

It has been 17 years since the establishment of the program. The Program features a mixture of theoretical and practical training dedicated to provide the interns with invaluable knowledge on a variety of subjects such as: teamwork, creative thinking, the means of self-expression and modern banking, in addition to helping them having a greater exposure to daily banking work procedures.

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.



Kuwait: NBK honors students for academic excellence

17.07.2018

National Bank of Kuwait (NBK) honored the children of staff who achieved excellence in the academic year 2017/18, in recognition of their hard work and efforts, in a customized ceremony held on their honor.

Students and their families joined the event which was attended by Emad Al Ablani, NBK General Manager- Group Human Resources along with a group of NBK Officials.

Al Ablani congratulated the students and urged them to continue working hard to achieve their goals. “We at NBK are proud of our children and what they have achieved and will achieve in the long run” Al Ablani explained, “I wish them success in their future studies and strive for them to excel to build the right foundation as they are the future of our country.”

“NBK is dedicated to honoring the outstanding children of staff in recognition of their academic excellence and effort each year, and also in recognition of the parents who constantly grant all the necessities of their children to ensure their success,” Al Ablani added.

NBK supports education and excellence for the youth of Kuwait in a variety of ways, including holding such honoring ceremonies to recognize and reward students striving toward excellence.



Kuwait: Redeem points and Travel to Your Favorite Destination with NBK Miles World Mastercard

16.07.2018

As part of its continued commitment to providing leading products and services as well as rewards and exclusive features, the National Bank of Kuwait offers Miles World Mastercard Credit Card, enabling customers to earn NBK Miles Points every time they use it for retail purchases, cash advances and online transactions when in Kuwait or abroad.

The NBK Miles World Mastercard gives you supreme flexibility. Cardholders can fly to any destination on any airline, from any point of origin, and at any time of the year. They can redeem their NBK Miles Points to book flights with more than 800 airlines, 150,000 hotels, and renowned car rental agencies around the world. New cardholders receive 10,000 free bonus points upon using their new NBK Miles World Mastercard for the first time.

“We are always focused on providing customers with products and services that are advanced and safe,” explained Hanadi Khazal, Chief Marketing Officer, National Bank of Kuwait. “We offer our customers the very rewarding NBK Miles World Mastercard that allow them to easily redeem points earned and plan their next trip entirety from: booking tickets to hotel accommodation, and even transportation.”

Khazal added: “The NBK Miles World Mastercard gives you supreme flexibility. Cardholders also benefit from many other rewards and services including the NBK Rewards Program and access to the best lounges across the globe.”

NBK Miles World Mastercard Credit Card holders earn 3 NBK Miles Points for each KD 1 spent in Kuwait and 5 NBK Miles Points for each KD 1 spent while traveling abroad. You earn points while redeeming miles and the redeemed miles can be used to book travel anywhere and anytime. Even ticket taxes can be paid using your miles points. There are no blackout dates, and no limit on the number of seats.

Cardholders are also eligible for the NBK Rewards Program, the largest loyalty program in the region with more than 700 partner outlets in fashion, dining, lifestyle and entertainment. They are also eligible to numerous other benefits including travel insurance, free valet parking, concierge service, travel offers, discounts and much more.

Customers can learn more about NBK credit cards by visiting the award-winning redesigned NBK.com website. Check out the ‘Right for me’ comparison tool to help choose the right card to receive the rewards, promotions and benefits that suit your individual lifestyle, banking and travel needs.



Kuwait: NBK arranges a field trip for Summer Internship Program trainees to Air Ambulance Center

14.07.2018

National Bank of Kuwait (NBK) concluded the first session of its Summer Internship Program 2018, a two week courses custom-made for high school and college students.

The session has ended by a visit to Air Ambulance Center where the students had the chance to tour the center and get to know more about the air ambulance functions and responsibilities. The students had the chance to see also the helicopter used in rescue operations and were closely introduced to the daily work of the center from the minute the patient contacts the dispatch center.

The Summer Internship Program is made up of four sessions, five-hours daily over two weeks each. The program features a mixture of theoretical and practical training dedicated to provide the interns with valuable knowledge on a variety of subjects such as: teamwork, creative thinking, the means of self-expression and modern banking, in addition to helping them having a greater exposure to daily banking work procedures.

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.

The second session will start on the 15th of July, while the third and the fourth sessions will take place on 29th of July and 12th of August respectively.

It has been 17 years since the establishment of this program. NBK views the Summer Internship Program as an extension to its educative initiatives and as part of its corporate social responsibility.



Kuwait: NBK Customers First to Use “SelfiePay” for Online Shopping in the Middle East and Africa regions

11.07.2018

The first in the Middle East and Africa regions, the National Bank of Kuwait launched the NBK Mastercard ID Check- “SelfiePay”, exclusively enabling its customers to easily and safely authenticate and complete transactions online by using face recognition or fingerprint.

The new authentication solution comes as part of NBK’s continued commitment to offer customers the most advanced technologies and solutions to enhance their banking experience and follow suit with their fast-paced lives. The service is provided to holders of NBK Mastercard Credit Cards and is available for free.

“NBK endeavors to deliver an innovative and safe banking experience to customers with the introduction of the revolutionary authentication solution in partnership with the globally-renowned payment provider Mastercard,” explained Mohammed Al Othman, General Manager of Consumer Banking Group, National Bank of Kuwait. “Our customers are the first to experience the innovative solution in the Middle East and Africa regions, once again giving them more advanced solutions to satisfy their everyday needs.”

NBK SelfiePay is available through the ‘Mastercard ID Check for NBK’ app available on both the Apple Store and Google Play Store. Customers should visit NBK Online banking first to register for the service, and after downloading the app, they can securely register their biometrics, either their face recognition or fingerprint, on their personal smartphone. Once registered, customers will receive a notification through the app prompting them to authenticate their identity using their preferred choice of biometrics to complete every purchase or transaction they make online.

Customers can visit nbk.com/tutorials to watch the tutorial video and get a step-by-step guide on how to activate NBK SelfiePay.

Al Othman concluded “We are focused on providing a unique banking experience based on trust and convenience at par with international standards and advancements. As we look forward to introduce new technological solutions, the NBK SelfiePay is another milestone in our continuous effort to respond to our customers need, allowing them to enjoy the ease of technological advancements.”

NBK is the leading bank in Kuwait to launch the SelfiePay and endeavors to introduce the latest innovative products and technologies to ensure clients enjoy a safe, easy and convenient banking experience that suits their lifestyle and needs.



Kuwait: NBK and Loyac launch the social entrepreneurship program “KON”

08.07.2018

National Bank of Kuwait (NBK) and Loyac welcomed the participants in the social entrepreneurship program “KON”. This social entrepreneurship program is co-created with Babson College. It aims to introduce young adults between the ages of 12 to 16 to the world business and to turn their ideas into action.

NBK will take part in the training sessions that will be ongoing until the 8th of August 2018. Throughout the 5 weeks program, leaders from NBK along with a group of professional leaders mentors and trainers, locally and regionally will encourage the participants to create a profitable business that solves an environmental challenge.

NBK Public Relations Team Leader, Yaqoub Al Baqer said, “NBK’s sponsorship and participation in the program comes as a part of its strategic partnership with Loyac. NBK is dedicated towards supporting talented young people and empowering them towards achieving their goals.”

 “KON” is one of these initiatives that help invest and support young youths. NBK is elated with the outcome of the program last year and looks forward to seeing the participants moving into key leadership roles in their near future,” Al Baqer added.

NBK believes that investing in human resources is investing in our future. The KON program goes along with NBK’s initiatives to invest in youth and support their aspirations.

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: NBK Sponsors KALD

07.07.2018

National Bank of Kuwait (NBK) sponsors the Kuwaiti’s Association for Learning Differences (KALD) as part of its commitment toward corporate social responsibility.

Shaikha Al Bahar, NBK Group Deputy Chief Executive Officer received KALD Chair-woman AMaal Al Sayer and expressed NBK’s utmost support for KALD in its efforts to help the Children.

“NBK’s sponsorship is part of its ongoing drive to fulfill its corporate social responsibilities with sustainable initiatives”, said Al Bahar. “We are proud to be one of the first organizations in Kuwait to measure our social initiatives performance in accordance to sustainability measurements”.

Al Bahar added “NBK's sponsorship and support to KALD for years 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 students, youths and educational issues.”

“NBK is determined to align our social goals with the sustainability goals. Toward this end, we work closely to support Kuwait’s vision. We are committed to becoming a leading advocate of these practices”, noted Al Bahar.

In her turn, Al Sayer expressed her sincere thanks to NBK for sponsoring all of its youth activities. “we are proud of this ongoing sponsorship that results  in supporting and investing in our students and youths”

Commenting on the aims of setting up special activities for the youth, Al Sayer said: "Activities like camps, carnivals and talent shows are great opportunities for the youth to show their capabilities and talents, to strengthen their self-esteem and to develop their social skills."

NBK has a long tradition supporting social and community oriented activities. NBK’s corporate social responsibility programs cover a range of education, environment, and health, philanthropic, social and sports-related initiatives.

The Kuwaiti Association for Learning Differences (KALD) is a non-profit organization that collaboratively works towards helping all individuals, especially students in private schools and special education in Kuwait, who have Attention Deficit Hyperactivity Disorder and Learning Difficulties and works towards identifying and developing the capabilities of these students and to support them academically, psychologically and socially through awareness, training, and entertainment programs for the students, their families and their schools.



Kuwait: NBK Offers Al Shabab Customers Up To 50% Discount on Talabat

06.07.2018

Kuwait, July, 2018: Continuously serving the youth with personalized banking solutions that meet their lifestyle, National Bank of Kuwait announced up to 50% discount on Talabat orders to Al Shabab customers.

 

“We always reward our Al Shabab customers with unique and innovative solutions,” said Bedoor Al Adsani, Consumer Banking Group, National Bank of Kuwait. “We focus on providing them with products, special offers and rewards tailored to their needs and lifestyle. We want them to practice an easy, convenient and safe banking experience.”

 

To avail from this discount, Al Shabab customers need to complete their payments on Talabat by using their NBK Al Shabab Visa Prepaid Card, noting that the maximum discount is KD 5.

Al Adsani, concluded: “Customers are invited to follow our social media platforms to stay up-to-date about any new offer. And we promise to continuously provide them with new and exciting offers”.  

 

Al Shabab Visa prepaid card provides exciting and important features that allow customers to transfer money from the prepaid card to their account. Customers can also now withdraw cash from Al Shabab Visa prepaid card without paying a fee using any NBK ATM.

 

Al Shabab Account benefits include easy and convenient banking transactions, direct contact with customer care staff through online live video chat, Whatsapp service and the 24 hours, seven days a week call center, 1-801-801. Also, Customers can utilize a newly launched service, ‘Quick Pay’ on the NBK Mobile Banking app to receive funds in just a few clicks.

Al Shabab customers also enjoy many great offers and benefits including 50% exclusive discount on weekend movie tickets at Cinescape.

 

Students who want to transfer their allowance to NBK and set up an Al Shabab Account can visit NBK.com or one of NBK’s local branches.



Kuwait: NBK celebrates Cancer Survivors Day at its Children’s Hospital

05.07.2018

National Bank of Kuwait (NBK) celebrated Cancer Survivors Day at its Children’s Hospital.

This initiative is a part of a program designed for engaging patients and runs monthly. The program for the month of June included fun events with the patients including arts and crafts activities and creating a personal photo frame using different colors and designs.

The fun events come as part of a program designed for engaging children and runs all year round. Children and the Hospital team took part in the different events and fun workshops.

“NBK recognizes the heroes who fought and survived cancer. We saluted them for their will and strength. They are our flame for hope. Sharing fighters experience inspires patients and helps them tolerate, accept and undergo their treatment”, said Manal Al Mattar, NBK Public relations Assistant General Manager.

Al Mattar added, “Children, nurses and doctors also took part in part in creating the different fun workshops in a sign that shows solidarity and family spirit as main values of the Hospital and its vision”.

“In the arts and crafts initiative, the girls designed their bracelets using beads and the boys played with the play Doh. Additional framing design took place to make the children frame their happy memory, we arranged a photo session for the children, then they created and designed their own a photo frame”, added Al Mattar.

NBK also organized story telling sessions and movie nights for children at NBK’s Children’s Hospital as part of a fun-activity program that was launched to support children while they get their treatment and extends all the year round.



Kuwait: NBK grants Abdallah’s wish to become a professional photographer

04.07.2018

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.

Abdullah Jouda Owayed who is undergoing treatment at NBK Hospital, has always dreamt to become a professional photographer. NBK helped in making his dream come true in collaborating with the photographer Abdulaziz Al Sorayea to teach him basics of photography.

Abdullah is 14 years old and is undergoing treatment at NBK Hospital. Al Sorayea gave him one - on- one photography lessons; in addition to his personal basic books. NBK offered Abdallah at the end of his training a professional camera and an ipad for him to apply the fundamentals of photography and enjoy his skills during his journey of health.

 “Abdullah’s dream to become a professional photographer   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.

““I Dream to be” initiative is a lifetime experience for children not only with life-threatening conditions but children with special needs as well,” 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 Gives FIFA World Cup Visa Prepaid Cardholders Chance to Win Zlatan Signed Jersey and Cash Prizes

04.07.2018

Rewarding its customers with unique and unraveled offers and promotions, NBK most recently partnered with Visa to give cardholders of the FIFA World Cup Visa Prepaid Card a chance to win one of three jerseys signed by the famed football player, Zlatan Ibrahimović, in addition to a cash prize.

The offer is exclusive to cardholders of the FIFA World Cup Prepaid Card. New customers can apply for the limited edition card for a chance to be one of the three winners.

Customers can easily apply for the card through NBK mobile banking or NBK.com. The card will be delivered straight to the customer’s doorstep without additional charges.

Abdullah Al Maqseed, Senior Manager Card Products, National Bank of Kuwait, said: “Following the all-expenses paid trips to the FIFA World Cup finals awarded in April comes the signed jersey by the Swedish professional football player, Zlatan Ibrahimovic, and a cash prize, thanks to the new NBK Fifa World Cup Visa Prepaid Card.”

Launched in May 2018, the NBK Fifa World Cup Visa Prepaid Card is exclusive to NBK customers and includes all standard prepaid card benefits and options such as NBK Rewards loyalty program, Visa Global Assistance and other flexible and convenient offers and benefits.

The card enables customers to better manage their spending limit by choosing the amount to be transferred into the card and make secure payments online as it is recognized worldwide. The card can be reloaded through the NBK mobile banking app or NBK.com website.

Al Maqseed added: “The NBK Fifa World Cup Visa Prepaid Card is not only a convenient and safe way to complete transactions, but also a rewarding experience giving the large football fan-base chances to win valuable prizes while enjoying the benefits and rewards of the card.”

The card provides important benefits including control over budgeting and spending, worldwide recognition and NBK secure Shopping. Cardholders can determine how much to transfer to the card, thus setting their own spending limits. The card can also be reloaded via the NBK mobile banking app or NBK.com website. Prepaid cardholders also earn cash back and other rewards as part of the NBK Rewards loyalty program.

NBK has also partnered with Visa and awarded three all-expenses paid trips to the FIFA World Cup finals in Moscow, Russia. Three lucky winners, along with a friend each, received first class tickets, 5-star hotel accommodation, transportation and tickets to see the FIFA World Cup finals and KD 1,000 in cash.



Kuwait: Yalla Watani receives 9th batch of trainees

03.07.2018

The ‘Yalla Watani’ youth qualifying program at National Bank of Kuwait (NBK) received the 9th batch of new graduates, who are to receive training to work at NBK branches.

This program, which helps qualify national manpower to work at the banking sector, comes in the framework of NBK’s support to Kuwaiti graduates and as part of the bank’s social responsibility towards youth.

Director General of human resources for NBK group Emad Al-Ablani said that ‘Yalla Watani’ is part of the training programs that NBK organizes on an annual basis to attract Kuwaiti youth, and is prepared in accordance with the local market’s needs.



Kuwait: NBK launches the first in a series of four, its Summer Internship Program 2018

02.07.2018

National Bank of Kuwait (NBK) launched the first in a series of four, the 2018 Summer Internship Program. A two week courses custom-made for high school and college students aged between 14 and 21 years.

The Summer Internship Program this year is made up of four different sessions, five-hour daily over two weeks each. The second and third sessions start on the 15th and 29th of July, while the fourth will take place on  12th of August.

For the second year in a row, Loyac will be participating in providing the students training sessions. This year NBK Capital will be taking part in the sessions provided as well.

“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 17 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 Program features a mixture of theoretical and practical training dedicated to provide the interns with invaluable knowledge on a variety of subjects such as: teamwork, creative thinking, the means of self-expression and modern banking, in addition to helping them having a greater exposure to daily banking work procedures.



Kuwait: NBK sponsors LOYAC’s trip to Morocco

01.07.2018

National Bank of Kuwait (NBK) sponsors a trip for LOYAC’s students to Morocco titled “Atai”. This sponsorship reflects NBK’s commitment to its Corporate Social Responsibility as well as the vital role it plays in supporting students, youths and self-building initiatives in Kuwait.

This sponsorship goes with NBK’s support to LOYAC’s annual activities and events including the trips. A group of volunteers from different backgrounds are participating in this trip which is designed to build the leadership skills in their personality.

This 11 days trip includes a group of social initiatives, interacting with different cultures, volunteering and donating. During this trip, Participants will be introduced to the Moroccans’ different cultures and learn their daily life routine.

Farah Bastaki, NBK Public Relations Officer, said: “NBK always strives to empower Kuwaiti youth to realize their potentials, build their personalities and motivates their ambition. This trip with LOYAC comes in line with our strategy to invest in youth and develop their capabilities.”

“This is the second Time we go with Loyacers to Morocco. We are looking forward to re-experience this inspiring trip, living with the Moroccan families, hanging out with the youth, contributing to the community and exploring the treasures of its cities”, added Bastaki.

“Atai is truly an inspiring cross-cultural learning experience that adds profound value to the young people involved”, she concluded. 

Throughout the program, Loyacers and Moroccan youth will be engaging in stimulating discussions about various aspects of each society to gain a deeper understanding of what makes our cultures unique and beautiful.  In addition, the program includes a historic tour of Rabat and nightly urban adventures exploring the bazaars, and landmarks.  Finish your program in the blue city of Chefchaouen and a free day in Casablanca.

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: NBK sponsors LOYAC’s trip to Morocco

01.07.2018

National Bank of Kuwait (NBK) sponsors a trip for LOYAC’s students to Morocco titled “Atai”. This sponsorship reflects NBK’s commitment to its Corporate Social Responsibility as well as the vital role it plays in supporting students, youths and self-building initiatives in Kuwait.

This sponsorship goes with NBK’s support to LOYAC’s annual activities and events including the trips. A group of volunteers from different backgrounds are participating in this trip which is designed to build the leadership skills in their personality.

This 11 days trip includes a group of social initiatives, interacting with different cultures, volunteering and donating. During this trip, Participants will be introduced to the Moroccans’ different cultures and learn their daily life routine.

Farah Bastaki, NBK Public Relations Officer, said: “NBK always strives to empower Kuwaiti youth to realize their potentials, build their personalities and motivates their ambition. This trip with LOYAC comes in line with our strategy to invest in youth and develop their capabilities.”

“This is the second Time we go with Loyacers to Morocco. We are looking forward to re-experience this inspiring trip, living with the Moroccan families, hanging out with the youth, contributing to the community and exploring the treasures of its cities”, added Bastaki.

“Atai is truly an inspiring cross-cultural learning experience that adds profound value to the young people involved”, she concluded. 

Throughout the program, Loyacers and Moroccan youth will be engaging in stimulating discussions about various aspects of each society to gain a deeper understanding of what makes our cultures unique and beautiful.  In addition, the program includes a historic tour of Rabat and nightly urban adventures exploring the bazaars, and landmarks.  Finish your program in the blue city of Chefchaouen and a free day in Casablanca.

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: NBK sponsors Kuwait Heart Foundation Campaign “Sa’d”

28.06.2018

National Bank of Kuwait (NBK) sponsored Kuwait Heart Foundation Campaign “Sa’d” that aims at providing life support training sessions for ministries, universities, malls and institutions including NBK.

The sessions aim to increase employees’ awareness to learn more about the necessary actions that should be taken during emergencies.

The program comes as part of NBK’s initiatives in increasing health awareness. The program focuses on achieving the basic understanding for each employee and learning the details of how to perform rescue breathing and chest compressions. 

Abdallah Al Omani, NBK Public Relations Senior Officer, said “Supporting health programs comes as part of a comprehensive agenda aiming at building up awareness among individuals and in the society and learning the techniques that could give someone the best chance of recovery.”

“The training program for NBK employees is held under the supervision and direction of Kuwait Heart Foundation which follows up with the employees and monitor their progress,” Abdallah Al Omani added.

NBK strongly supports health care awareness. Throughout the years, NBK also sponsored and organized several social awareness programs including blood donation drives and breast cancer awareness campaigns.



Kuwait: NBK Announces Quarterly Al Jawhara Winner of KD 250,000

27.06.2018

National Bank of Kuwait announced Mohammad Amin Nasimi as the Al Jawhara winner of KD 250,000, which is considered the biggest in the Al Jawhara draw.

Since 2012, National Bank of Kuwait has rewarded loyal customers with Al Jawhara weekly, monthly, and quarterly prizes, totally reaching up to KD 2,200,000 yearly.

Mohammad Amin Nasimi was announced as the winner of the Al Jawhara Quarterly prize live on air during a draw that took place at FM 88.8 Kuwait Pulse Radio Station on Tuesday, 26 June 2018 at 1:30 p.m. is this confirmed? The draw was held in the presence of representatives from the Ministry of Commerce & Industry, as well as representatives from the National Bank of Kuwait.

“NBK always strives to provide customers with the best and most advanced banking experience. We also look to reward our customers with unique and valuable prizes,” said Suresh Varadarajan, Head of Liabilities & Insurance, Consumer Banking Group, National Bank of Kuwait. “Al Jawhara quarterly draw is much anticipated as it grants customers the chance to win KD 250,000. NBK customers can easily and securely open Al Jawhara account on NBK Online Banking and Mobile Banking.”

During June 2018, NBK has awarded three KD 5,000 weekly winners of the Al Jawhara: Fawaz Nasser Abdullah AlShatti - Abdullah Ahmad Al Mesri - Hamed Hussain Hamed AlHamed.

Al Jawhara weekly, monthly, and quarterly draws are all conducted in the presence of a representative from the Ministry of Commerce & Industry and the name of all the winners are announced. NBK believes in rewarding its most loyal customers through transparent prizes and promotions as part of its long term strategy to create lasting relationships with customers built on trust and confidence.

For every KD 50 deposited into an Al Jawhara account, the account holder receives one chance in the draw. If no withdrawal or transfers occur in the account during the required period, customers will get an additional 1 extra chance for each KD 50 held in the account and double their chances of winning.

The National Bank of Kuwait offers a variety of cash prizes and rewards as part of its long term focus on building lasting relationships with customers.

To learn more about NBK’s Al Jawhara account, visit nbk.com.



Kuwait: NBK offers 50% discount for customers to try out innovative NBK Tap & Pay

24.06.2018

National Bank of Kuwait stays up-to-date when it comes to leading innovations with digital payment solutions that meet customer needs in their personal and professional life. NBK’s Tap & Pay wearable includes wristbands and stickers that make simple payment transactions quick and easy.

NBK is now offering a special promotion for customers to avail of NBK Tap & Pay wearables for a limited time for KD 12 only. NBK Tap & Pay wristbands and Stickers are the perfect way to pay for purchases while out running errands, jogging or even stopping to grab a cup of coffee on the way to work.

“NBK’s Tap & Pay wearables and stickers are secure and convenient, using the latest in payment technology to guarantee a quick, secure and faster payment experience for customers.” Explained Naser Alduwaisan, Cards Products Officer, National Bank of Kuwait. “Customers need only to tap their wristband or sticker over the POS terminal and can finish a transaction in a few short minutes.”

The groundbreaking Tap & Pay technology, increasingly popular in the US and Europe, has witnessed a growing fan base in Kuwait and the Gulf. More than 7,000 restaurants, shops, entertainment centers, coffee shops and lifestyle brands now accept the NBK Tap & Pay service in Kuwait, giving customers wide choice in using their Tap & Pay wristband or sticker to make small purchases without having to sign or use a PIN code.

NBK customers can pay for purchases up to KD 100, without the need to carry a wallet. As part of a special time-limited promotion, NBK has halved the fee for the popular Tap & Pay wearables from KD 25 to KD 12 to give customers an opportunity to experience this stylish, safe and innovative technology for themselves. This special offer is available in NBK branches at The Avenues, Grand Avenues, Surra, Qurain, KNPC, Al-Hamra and Mishref. Customers can also order over the phone by contacting the NBK Call Center at 1-801-801.

“NBK invites customers to try out this new, innovative payment solution for themselves to see what all the excitement is about,” said Alduwaisan. “The discount promotion provides customers a chance to explore another technology meant to add convenience and quality to their lifestyle.”

Customers can utilize their NBK Tap & Pay wearables or stickers at coffeeshops, restaurants, shops, and lifestyle brands across Kuwait and around the world. The NBK Tap & Pay service is currently available for credit, debit, and prepaid cards from NBK. Customers can also avail of special rewards and promotions depending on the card.



Kuwait: Call NBK while traveling abroad for free

23.06.2018

Traveling abroad for the summer break? Don’t forget to call National Bank of Kuwait toll free from your destination anytime you need help with banking queries. NBK now offers toll free numbers, available 24 hours, seven days a week, in eight of the globe’s most popular destinations.
NBK customers can call 24 hours, seven days a week for free when visiting the following countries: United States, United Kingdom, Canada, France, Germany, Turkey, Italy and Spain by using a local number for each of the above listed countries. Call the toll free number when you need to speak directly with an NBK call service agent. You can also call from any country abroad by dialing, +965 2224-8361 or even send a message by WhatsApp anytime, 24 hours, seven days a week to +965 5222 -1333. You can also complete a variety of transactions via NBK Online and Mobile Banking services.
“NBK wants its customers to be able to reach them easily no matter where they travel in the world and that’s why they set up the toll-free calling,” said Tamer Allam, Head of Contact Center, National Bank of Kuwait.” People in Kuwait travel frequently, especially to the eight countries the bank included and this way they can speak with an NBK representative 24 hours, seven days a week no matter where they are.”
Allam continued: ”NBK call service agents can help with a range of banking questions and queries including freezing stolen or lost credit or banking cards, transferring funds between accounts, balance inquiry and issuing new cards. Customers can also ask about opening new accounts, learn about and apply for different credit cards, packages and loans”. 
Toll-free numbers abroad:

United States
1-855-577-7625

United Kingdom
08000988456

Canada
1-855-577-7625

France
0805080765

Germany
08001811475

Turkey
008001139247

Italy
800792255

Spain
900839159

National Bank of Kuwait provides banking services to its customers across the globe. NBK has the widest banking presence, available across four continents. NBK’s international presence includes many of the world’s leading financial centers: Geneva, London, New York, Paris, Shanghai and Singapore. Meanwhile, regional coverage extends to Bahrain, Egypt, Jordan, Iraq, Lebanon, Saudi Arabia, Turkey and the UAE.



Kuwait: NBK shares Eid happy moments with the children of NBK Children’s Hospital

20.06.2018

National Bank of Kuwait’s (NBK) family paid a visit to NBK Children’s Hospital at Sabah Medical district to share Eid happy moments with children.

NBK Public Relations Officer, Joanne Al Abdul Jaleel said that NBK staff have always devoted a considerable part of their time to comfort the children and present them with felicitations and gifts in addition to different fun activities such as face painting and balloon designing. This comes as part of NBK’s corporate social responsibility program.

"Sharing the happy moments of Eid Al Fitr and other similar occasions with children is our pleasure. We are proud that NBK devotes such attention to supporting Kuwait society and providing compassion and support for those in need, including sick children," she added.

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

NBK is committed to support its Hospital project by promoting initiatives and events all the year round. This is part of the bank’s social responsibility to fulfill the children’s time and entertain them while undergoing treatment. This includes all year round activities, a library corner, movie night, events for the medical staff and fun events that are organized occasionally.

 NBK’s initiative reflects the bank’s high sense of duty and responsibility towards the community and helping those in need. 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 Kuwait`s society.

 



Egypt: NBK–Egypt Inks MoU with ILO in Cairo

12.06.2018

National Bank of Kuwait – Egypt (NBK – Egypt) has signed a memorandum of understanding (MoU) with the  International Labour Organization (ILO)  to establish 100 biogas generation units in Minya governorate with technical support provided by “The Decent Jobs for Egypt's Young People Project” funded by the Canadian government.

The agreement was signed by Dr. Yasser Hassan, Managing Director of NBK-Egypt and the Director of the International Labor Organization Office in Cairo, Mr. Peter Van Guey, in the presence of the Minister of Investment and International Cooperation Dr. Sahar Nasr and NBK executives and Egyptian government officials, in addition to the Canadian Ambassador, Mr. Jesse Dutton, and Chief Technical Advisor of “The Decent Jobs for Egypt's Young People Project”. Ms. Amal Mowafy.

As per the terms of the MoU, NBK shall support the achievement of sustainable social and economic development of rural communities in Egypt by providing financial support to five startups aimed at facilitating the construction and operation of 100 biogas units in Minya villages. ILO shall provide the technical support required for those biogas units.

Key Projects

Commenting on the signing of the MoU, Minister Sahar Nasr stressed that this initiative is one of the most important projects for the ministry because it provides employment opportunities for Egyptian youth and contributes to achieving sustainable economic development, noting that the ministry is keen on supporting youth through the funding or grants offered to the ministry.

Nasr pointed out that the ministry seeks to involve the private sector in developmental projects and strives to provide full support to facilitate its vital role in community development. She also praised the role played by NBK- Egypt within the framework of is social corporate responsibility.

Sustainable Development

“Signing of this MoU comes in line with NBK’s social and national responsibility, as it strives to continuously play a key role in achieving sustainable social and economic development," said Dr. Hassan. He also pointed out that NBK is fully aware of the importance of this project in providing renewable energy sources. In addition to that, NBK actively participates in numerous projects to serve the community throughout various sectors, including health, environment and youth development, as part of its contribution towards reducing poverty and developing the Egyptian society.

Hassan stressed that this approach should be followed by all civil society organizations in Egypt, through supporting state institutions and assisting different community sectors that need attention. He also stated that NBK-Egypt carries on its prominent leadership role in supporting communities’ development throughout all the geographical locations where it operates.

Meanwhile, Director of the International Labor Organization Office in Cairo, Mr. Peter Guey highlighted the leading role played by NBK-Egypt in financing development projects in Egypt, praising the collaboration between both parties in supporting public-private cooperation to provide jobs for Egyptian youth while supporting environmentally friendly green jobs.

The initiative aims at supporting bioenergy technology to help achieve sustainable social and economic development in rural communities by training young engineers to build and maintain biogas production units and to install home units to generate bioenergy, which will help to reduce poverty, provide employment opportunities, and improve living conditions in certain targeted villages in Minya governorate.



Kuwait: NBK organizes fun-educative events for children at its Specialty Hospital and Stem Cell unit

11.06.2018

National Bank of Kuwait (NBK) continued organizing initiatives for the month of May designed especially for children undergoing therapy at its Specialty Hospital and Stem Cell unit.

The May plan comprised several fun – educative activities as the healthy way of brushing teeth in collaboration with “Asnan Tower”, a slime activity, one of the trendiest game and children’s favorite and an activity consists of building their own wooden toy by knowing the forms of structure in collaboration with Makers Academy, a part of the international exhibition “Makers Faire”.

The fun events come as part of a program designed to engage with children and runs all year long. Children and the Hospital’s team took part in those activities and fun workshops to end the spring season.

“NBK is keen on being part of the children’s happy moments during their treatment,” said Joanne Al Abdul Jaleel, NBK Public relations Officer. “The activities were marked by awareness and intellectual challenges. We are aware of the importance of providing a healthy environment for children to be able to stand for their treatment strong and happy. We are proud seeing our children happy every week we visit them for a new initiative”.

“We take great pride today in integrating a program designed to ensure the best care for the sick children and their families,” noted Al Abdul Jaleel. “We teamed up with the medical staff to make the children and their families happy.

NBK also organized story telling sessions and movie nights for children at the Specialty Hospital and Stem Cell Therapy Unit during the month of April, 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 Children’s Hospital stands as a landmark for the bank's social initiatives towards children. NBK expanded the hospital’s capacity and opened the only Stem Cell Therapy Unit for children in Kuwait, further expanding its hospital’s abilities to treat children with cancer and blood diseases.

NBK’s social initiatives reflect the Bank’s high sense of duty and responsibility towards the community. 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 Kuwait`s society.



Kuwait: NBK Gives Customers Double the Chance to Win the Car of Their Choice

10.06.2018

National Bank of Kuwait rewards loyal customers during the Holy Month of Ramadan by doubling their chances to win a car of their choice valued up to KD 20,000 as part of the Bank’s ongoing summer campaign.

Launched on May 3rd, NBK’s summer campaign enables NBK Debit and Credit Cardholders to enter the draw to win a car when using their cards in Kuwait and internationally, whether for retail purchases, online payments or cash advances. For every KD 1 spent locally, NBK Credit Cardholders earn one chance in the draw. For every KD 1 spent internationally, NBK Credit Cardholders and NBK Debit Cardholders earn 3 chances. NBK customers who use their Credit Card during the Holy Month of Ramadan will double their chances to win, earning 2 chances for each KD 1 spent locally and 6 chances for each KD 1 spent internationally using NBK credit or debit cards.

“By allowing customers an opportunity to win the value of a vehicle of their own choosing, NBK reaffirms its deep commitment to customer satisfaction and the building of lasting, loyal customer relationships,” explained Hanadi Khazal, Chief Marketing Officer, National Bank of Kuwait. “Winners will be announced during the draw held on September 28th 2018. This campaign reflects our commitment to reward our customers with unique prizes all year long.”

Khazal added, “We’ve received great feedback from NBK customers since the launch of our summer campaign and we continue to invest all our efforts in launching new advanced services and products tailored to their needs, providing a safe and rewarding banking experience every day.”

Five winners will be drawn at the end of the campaign, which runs from May 3rd to September 15th, 2018. Each of the grand prize winners will receive an NBK Gift Prepaid Card issued in the name of the Bank and loaded with KD 20,000 to be spent on the car of the winner’s choice. The gift card may be used at any vehicle dealership inside Kuwait for the purpose of purchasing a vehicle and car insurance.

NBK offers customers the freedom of choice through a variety of products and services. NBK customers can choose the credit card tailored to their specific needs and requirements by visiting the award-winning nbk.com website and navigating through the online card comparison tool.



Kuwait: NBK Unveils Al Shabab ‘Triple Your Allowance’ Winners

09.06.2018

National Bank of Kuwait has announced the winners of its ‘Triple Your Allowance’ daily draw campaign, which invited students in Kuwait to transfer their allowance to NBK for the chance to win a KD 400. On a daily basis, between 1st and 31st May, new and existing NBK Al Shabab account holders who entered the draw were awarded KD 400.
The Al Shabab account is designed to provide Kuwait’s younger customers with all their required banking services, and is available to students attending university or college, or anyone between the ages of 15 and 23.
Commenting on the draw announcement, Amal Al-Duwaisan, Senior Manager Consumer Banking Group, National Bank of Kuwait said: “We’re pleased to announce the winners of our ‘Triple Your Allowance’ daily draw campaign, aimed at our new and existing Al Shabab account customers. This was a great opportunity for younger customers to transfer their allowances to NBK, and thereby benefit from our wide range of services and products, which are tailored to their specific needs. As Kuwait’s leading bank, we have a clearly defined duty to support the next generation in their financial journey, and the Al Shabab account is an excellent place from which they can start.”
The NBK Al Shabab account includes a free prepaid Visa card, with numerous benefits and rewards designed specifically to meet the needs of Kuwait’s young banking clientele. The Al Shabab prepaid Visa card includes a range of exciting features, as well as the ability to transfer money from the card to the customer’s account. Customers may also use the prepaid Visa card to withdraw cash, without a fee, from any NBK ATM. Other benefits include 50% discounts on Talabat.com, exclusive 50% discounts on weekend tickets at Cinescape.
Al-Duwaisan continued: “As with all NBK customers, our main commitment to Al Shabab account holders is to deliver industry-leading solutions and services that will make daily transactions as easy as possible. This commitment is at the heart of our mission to provide a truly seamless product offer. In addition, we seek to positively impact our customers’ lives, by promising new and innovative rewards and benefits.”
Students who want to transfer their allowance to NBK and set up an Al Shabab Account can do so by visiting NBK.com or one of NBK’s local branches.



Kuwait: NBK Hospital: We receive all cases of leukemia for children of different nationalities

08.06.2018

The consultant of Hematology and Cancer and the Head of the Unit of Diseases and Leukemia in the National Bank of Kuwait Specialist Hospital for Children Dr. Ali Mulla Ali said: “The unit receives all cases of leukemia from all Kuwait hospitals for children under the age of 16 years from various nationalities in addition to stateless children (Bidoon) and those without a valid civil ID, in accordance with the ministerial resolution that excluded this category as well as under emergency and urgent cases”.

Dr. Ali’s statement came in the light of some news circulated through social media referring to the hospital’s rejecting the treatment of a Bidoon child who suffers from cancer. He stressed on the importance of not to confuse rejecting blood donations from those who do not have a valid civil ID (for purely technical reasons not related to certain groups of people as part of the management of blood transfusion services) and treatment of a child suffering from cancer, explaining that whenever needed, children receive blood transfusion or platelets whether that particular child had blood donation in his name or not.

He also stressed that all types of treatment are provided to cancer patients including chemotherapy, traditional and modern radiotherapy, various diagnostic and surgical procedures as well as general and precise laboratory tests free of charge for all children cancer patients without discrimination and regardless of being Kuwaiti, expatriate or illegal residents, highlighting that it is made possible through the great support provided by the Minister of Health and under the direct supervision of the Undersecretary of the Ministry of Health.

He pointed out that NBK Specialized Hospital for Children provides psychological, moral and recreational support to children during their treatment under the supervision of highly specialized medical and nursing team, as well as Kuwait Child Care Center, in addition to the generous sponsorship provided by National Bank of Kuwait.

Moreover, Ali pleaded to exercise diligence prior to publishing anything related to this issue so that Kuwait’s reputation wouldn’t be tarnished when it comes to the equality of treating cancer patients from all various groups of the society. He added that the Ministry of Health has issued several resolutions and made certain exceptions in order to provide appropriate treatment for all children suffering from cancer who live in that graceful country, in a unique move that doesn’t even exit in the most developed countries.

Dr. Ali Mulla Ali concluded his statement by praying for Kuwait and its people to be protected from all evil under the leadership of His Highness the Prince of Humanity and the Crown Prince. He also prayed for all patients, especially for children diagnosed with cancer, to have speedy recovery, health and wellness.



Kuwait: NBK and Central Blood Bank launch donation campaign for children suffering from cancer in NBK specialized hospitals

08.06.2018

National Bank of Kuwait (NBK), in cooperation with the Central Blood Bank, launched a blood donation campaign for NBK Pediatric Specialized Hospital and stem cell therapy unit. The campaign comes at a time where the hospital needs donors and calls for public awareness to encourage individuals to donate blood to save lives.

The campaign kicked off its activities on May 22th by receiving donors at the Blood Bank headquarters in Al-Jabriya, along side its branches at Al-Adan and Al-Jahra Hospitals and Al-Humaidhi and Al-Sidrawi health centers in Shuwaikh residential area. Blood donors may visit the designated locations to donate blood for NBK Specialized Hospital. The campaign continues throughout the year and seeks to increase awareness during the Holy Month of Ramadan to encourage donors to carry out their humanitarian duty.

NBK Public Relations Officer Farah Bastaki said this humanitarian campaign aims at encouraging support for cancer patients. The campaign is considered an opportunity to provide support to those suffering from chronic and advanced cancer cases, thus requiring everyone’s support, improvement of their therapeutic environment, and providing them with hope to enable them to face their challenges.

Basktaki pointed out that this campaign comes within the framework of community partnership programs implemented by NBK in collaboration with the humanitarian institutions in Kuwait as part of its support in enabling them to optimally perform their mission. She also added that this is not  the first campaign organized by NBK to encourage blood donation, as the bank continuously organizes similar campaigns to reflect is social participation and community responsibility.

Bastaki also pointed out that NBK seeks through these campaigns to raise awareness that blood donation should be a regular and customary behavior among community members as part of their day to day life and shouldn’t be linked only to their relationship with certain patients.

She expressed her hopes that this campaign will contribute to covering NBK Specialized Hospital’s needs for blood platelets and raise awareness and voluntary contributions.



Kuwait: NBK supports KRCS Project “Educate for a Brighter Kuwait”

07.06.2018

For the fourth consecutive year, National Bank of Kuwait (NBK) sponsored Kuwait Red Crescent Society’s (KRCS) project “Educate for a Brighter Kuwait” to support the education of over 5000 students and cover their school tuition for the schoolyear 2018/2019.     

NBK’s sponsorship comes within the framework of its ongoing strategic partnership with KRCS over the years, and the bank’s commitment towards society development, as it firmly believes that everyone has the right to education. Interested parties may visit KRCS website where donations are accepted.

“NBK highly values education as one of its top social priorities since it lays the foundation on which community development is built. We are delighted to participate in this constructive and effective project that aims to achieve sustainable development," said Manal Faisal Al-Matar, NBK Public Relations Assistant General Manager. “Last year, we managed to provide educational opportunities for more than 4,000 students. We look forward this year to exceed the project’s target to educate 5,000 students because we firmly believe that everyone has the right to education and that it is a prerequisite for the progress, sustainability and development of societies” Al-Matar added.

Al-Matar highlighted that combating illiteracy is a key element of NBK’s sustainable development strategy, in line with the objectives set forth in Kuwait Development Plan and the United Nations Development program. She expressed NBK’s extreme pride in its long-term strategic partnership with KRCS as they join hands in their efforts towards achieving sustainable development.

Al-Matar also pointed out that this project aims to achieve social stability for needy families in Kuwait, which in turn will result in a more educated and knowledgeable generation. She encouraged those willing to donate to take this step to open up an opportunity for a child in need.

"We are very proud of this project and look forward to reap its fruitful results and reach the targets set for the current year," said Red Crescent Society Secretary General, Ms. Maha Al-Barges”. She added that many families in Kuwait can’t afford to send their children to school. Meanwhile, there are some needy families who are capable of only educating their children for a limited number of years before stopping their educational journey to allow other siblings to receive some education, while some families would only allow their male children to receive education and deprive females from this opportunity.

It is worth noting that the " Educate for a Brighter Kuwait” project is the cornerstone of the sustainable development endeavors since everyone has the right to education and since it is an essential component in building and developing the community. The project is a continuation of other several projects launched as a collaborative effort between NBK and KCRS initiated since 2015. During the project’s first year, it paid school tuition for 500 students, 2,565 students the following year and 4,275 students in the third year.



Kuwait: Registration for NBK Summer Internship Program 2018 ends today

06.06.2018

National Bank of Kuwait (NBK) ends up the registration for the 2018 Summer Internship Program today (Thursday 7th June 2018) through nbk.com. The program will start on Sunday 1st of July, 2018.

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 1st of July, while the following sessions start on 15th of July, 29th of July and 12th of August respectively.

The Summer Internship Program features a mixture of theoretical and practical training. It is dedicated to providing the interns with invaluable knowledge on a variety of subjects such as: the teamwork, creative thinking, means of self expression and modern banking, in addition to helping them to have greater exposure to daily banking work procedures.

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 Participates with Air Ambulance Centre in managing medical emergencies during Iftar time

06.06.2018

National Bank of Kuwait (NBK) organized a special visit to the Air Ambulance Center of the Emergency Medical Department at the Ministry of Public Health to share with the staff a Ramadan Iftar meal and spend some time with them as part of the bank’s initiative “Do Good Deeds in the Holy month of Ramadan”.

Commenting on this occasion, Public Relations Team Leader at National Bank of Kuwait, Talal Al-Turki explained that NBK’s family is always keen on sharing Iftar tables with various working sectors across Kuwait during the holy month of Ramadan in an initiative aimed at enhancing the spirit of participation and appreciation of the employees' efforts. He added that NBK highly appreciates such national institutions and values their noble humanitarian role aimed at serving the community and fulfilling their humanitarian duty."

Al-Turki also highlighted that the medical emergency team performs its work throughout the whole year and that the month of Ramadan is no different than other months. They continuously work throughout Iftar time, as they fulfill their duties in attending to critical patients who need immediate medical attention.  He also expressed NBK’s gratitude and appreciation for their great contributions and sacrifices to serve the community. 

Meanwhile, Head of Ambulance Services Center, Mr. Nasser Al-Sarhan said: "NBK's annual visit to the center is a testimony to its pioneering role in supporting social institutions, as it strives to cooperate and coordinate its efforts to perform the highest levels of community service and to promote meaningful humanitarian and social actions”.

NBK’s annual visit to the Air Ambulance Center of the Emergency Medical Department comes within the framework of the bank’s Iftar Campaign, which is an integral part of NBK’s annual Ramadan program," Do Good Deeds in the Holy month of Ramadan".



Kuwait: New and Easy Registration with NBK Online and Mobile Banking

02.06.2018

National Bank of Kuwait works continually to provide customers with the most up-to-date, innovative services that make banking simple, easy and secure.

Now NBK customers can complete their daily transactions even more conveniently with a new updated registration process for online and mobile banking. Customers can use the same username and password to log in to their accounts via NBK Online and the Mobile Banking app. 

“We constantly work to update our online and mobile services to meet customer banking and lifestyle needs,” explained Hala Al-Shoaibi, Senior Alternative Channels Manager, Consumer Banking Group, National Bank of Kuwait. “With this new update, it will be easier for users to sign in and complete their necessary transactions. This new update will take the online and mobile banking to a whole new level of user friendliness.”

Making banking even more convenient for customers, NBK has also added new useful features for online and mobile transactions. NBK customers can manage their NBK prepaid and credit cards while traveling, including making payments and transferring funds and increasing monthly transfer limits as needed.

Customers can also complete a variety of transactions via the NBK Online or Mobile Banking app including paying mobile phone service, transfer funds to local accounts or abroad, make payments to credit cards, check balances and Reward Points and much more.

To benefit from all the mobile banking features, NBK customers can download or update to the most recent version of the NBK Mobile Banking app through the associate stores App Store or Play Store on their smart phones. Once registered, customers can create username and password that works for both services: NBK Online and the NBK Mobile Banking app.

These new features make it simple and easy for customers in Kuwait or while traveling abroad to do their banking without difficulties.

“We advise customers to register with the updated service as it is easier and more convenient with additional benefits,” Al-Shoaibi added. “NBK ensures customers can bank no matter where they are in the world, guaranteeing uninterrupted access to NBK even when traveling.”

Update the NBK Mobile Banking app or sign in at NBK Online Banking via www.nbk.com to take advantage of the new system.



Kuwait: NBK shares Gergean Happy Moments with children at NBK Hospital

30.05.2018

On the occasion of the Holy month of Ramadan, National Bank of Kuwait (NBK) held its annual Gergean event at NBK Specialty Hospital and Stem Cell Therapy Unit, at Al Sabah Medical district, to celebrate with the children the happy moments of Gergean and present them with felicitations and gifts. The event was attended by NBK Public Relations Team.

Commenting on the occasion, Joanne Al Abdul Jaleel, NBK Public Relations officer stated: “Sharing with these children residing at NBK Hospital major social and religious occasions come as part of an extensive social outreach program specifically mapped out and implemented by NBK.”

Al Abdul Jaleel explained that helping and supporting children and their families are integral parts of the Bank's culture and practices that reflect its deep commitment to its corporate social responsibility. This was the main reason that led NBK to expand the hospital services to include a first of a kind unit specialized in stem cell therapy at Sabah Medical district.

NBK’s visit to the hospital was emotional and overwhelming for both the children and NBK Team. 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 Kuwaiti society.

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

 

 



Kuwait: NBK leads the way in Kuwait in a partnership with RippleNet to offer instant cross-border payments to customers

29.05.2018

The National Bank of Kuwait (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.

NBK’s RippleNet solution brings innovation to the fundamentals of international remittances since the bank is in the process of applying this service in Kuwait as well as in its branches abroad after obtaining the necessary approvals from the regulatory bodies, led by the Central Bank of Kuwait.

NBK Deputy Group CEO Mrs. Shaikha Al Bahar said: “We are delighted to join RippleNet and access the fast-growing network that connects the network members and other financial institutions. This solution will improve our customers experience dramatically where we will be able to provide instant fund transfers with end-to-end tracing and tracking solutions which is available currently in global and some GCC markets including UAE and Saudi Arabia. This is also in-line with National Bank of Kuwait (NBK) strategy to adopt the latest technologies which mutually benefits both the bank and our esteemed clients.”

“This announcement represents NBK commitment to adopt the latest practical solutions and reflects our ability to transform NBK to digital bank with world class services and solutions, and yet we are still maintaining our corporate identity and without affecting our regulatory compliance”, Al Bahar added.

Managing Director of Southeast Asia and MENA, Ripple, Mr. Navin Gupta said:” We are glad to have NBK join our network as the first banking partner in Kuwait. It holds a reputation of providing innovative services that comply with international standards all while ensure safe transactions to their customers. This agreement will enable NBK to use innovative blockchain technology to support speed and secured remittances both for domestic & International destinations.”

“By joining Ripple’s growing,  global network, financial institutions like NBK can process their customers’ payments into and out of Kuwait instantly, reliably and cost-effectively, as well as expand their payments solutions into new markets - including those that are otherwise too difficult or expensive to reach”, he added.

“With offices in San Francisco, New York, London, Sydney, India, Singapore and Luxembourg, Ripple already has more than 140 customers around the world. Joining RippleNet enables banks to process cross-border payments in real time with end-to-end tracking and certainty of settlement”, Gupta said.

National Bank of Kuwait continues to collectively enjoy the highest credit ratings 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 risk management, in addition to its highly recognized and very stable management team. NBK also maintains its position among the 50 safest banks in the world for the twelfth consecutive year.

NBK Group has the widest banking presence in four continents worldwide. NBK’s international presence spans many of the world’s leading financial centers including London, Paris, Geneva, New York and Singapore, as well as China (Shanghai). Meanwhile, regional coverage extends to Saudi Arabia, UAE, Bahrain, Lebanon, Egypt, Jordan, Iraq, and Turkey.

For more information about the latest technology solutions and services offered by NBK, please visit: NBK.com



Kuwait: NBK signs cooperation agreement with ACK for student professional development, internships

28.05.2018

National Bank of Kuwait has signed a cooperation agreement with the Australian College of Kuwait to provide its students with opportunities for internships as well as career advice and guidance.

As part of its corporate social responsibility program, NBK will offer a range of support for ACK students including access to well-rounded internships where students may gain real work experience in order to develop their personal and professional skill set and career potential.

“NBK has cooperated with ACK to provide an opportunity for Kuwait’s youth to gain work experience, internship opportunities, access to continuous learning and professional development,” explained Mohammed Al Othman, General Manager of Consumer Banking Group, National Bank of Kuwait. “This type of cooperation not only develop Kuwait’s youth but create long term, lasting benefits for Kuwait and its economic future.”

Under the terms of the agreement, both parties will provide support and assistance for student learning and professional development.

“In working with NBK, we have developed an opportunity to elevate the potential of ACK students and prepare them for the labor market with real work experience,” said Mr. Sager Al-Sharhan, Deputy Managing Partner - Industry, Australian College of Kuwait.

ACK was established to provide internationally recognized and accredited experiential education and training to the Business, Engineering, Aviation and Maritime sectors. Since its establishment in 2004, ACK has grown to become one of the leading educational institutions in Kuwait.

National Bank of Kuwait is one of the first in the region to adopt a program of Corporate Social Responsibility.

“NBK takes our corporate social responsibility very seriously and we believe that developing Kuwait’s youth – academically, professionally and personally – is the key to supporting the country’s long term growth and prosperity,” Al Othman concluded.

To learn more about National Bank of Kuwait, visit NBK.com.



Kuwait: NBK, Visa Partner for FIFA World CupTM Prepaid Card

27.05.2018

National Bank of Kuwait reaffirmed its long standing partnership with Visa during a recent meeting between Mr. Salah Al-Fulaij Chief Executive Officer, Kuwait, National Bank of Kuwait, Mr. Mohammed Al Othman, General Manager of Consumer Banking Group, National Bank of Kuwait and Mrs. Hanadi Khazal, Chief Marketing officer, National Bank of Kuwait and Mr. Marcello Baricordi, the new General Manager for Visa MENA. The meeting focused on continued cooperation and especially technological innovations in digital banking and NBK’s partnership with Visa for now and the future.

NBK and Visa work collaboratively to provide innovative banking products and payment solutions that are best-in-class and at the forefront of new banking technologies. NBK and Visa also provide exclusive products and rewards that highlight customer interest. The exclusive NBK Visa FIFA World CupTM Prepaid Card, recently launched, is one such collaboration.

FIFA World CupTM Prepaid Visa is exclusive to all NBK customers over 17 years old and Shabab customers who transfer their allowance to NBK. The Prepaid Card includes all standard Prepaid Card benefits and options and is part of the NBK Visa partnership marking the upcoming FIFA World Cup.

“NBK is pleased to collaborate with Visa to deliver to our clients the best services and products and we constantly work with them on new offers and campaigns tailored to their needs,” said Hanadi Khazal, Chief Marketing officer, National Bank of Kuwait. “This is why we launched the NBK Visa FIFA World CupTM Prepaid Card to give customers the chance to benefit from this limited edition card. The card has all the benefits of NBK Pepaid Cards and Visa as well as many additional rewards.”

Amit Vij, Visa’s country manager for Kuwait, commented: “Visa is dedicated to use its innovative technology in order to support NBK in delivering state-of-the-art financial products. The NBK Visa FIFA World CupTM Prepaid Card is a great example of this, offering Visa cardholders special privileges through its sponsorship of FIFA.”

The card provides important benefits including control over budgeting and spending, worldwide recognition and NBK secure Shopping. Card holders can determine how much to transfer to the card, thus setting their own spending limits. The card can also be reloaded via the NBK mobile banking app or NBK.com website. Prepaid Card holders also earn cash back and other rewards as part of the NBK Rewards loyalty program. Customers can apply for the card easily via the NBK mobile banking app, or the NBK website NBK.com. The card will be delivered to your doorstep with no extra fee.

NBK has also partnered with Visa and awarded three all-expenses paid trips to the FIFA World CupTM finals in Moscow, Russia in June 2018. Three lucky winners, along with a family member or a friend, received first class tickets, 5-star hotel accommodation, transportation, tickets to see the FIFA World Cup finals and KD 1,000 in cash.

NBK teams up with Visa to develop popular, customer-centric products tailored to match customer’s banking and payment solutions requirements.

To learn more about other exciting offers and all the benefits of the exclusive NBK Visa FIFA World CupTM Prepaid Card visit NBK.com.



Kuwait: NBK named Best Bank in Kuwait 2018 by Global Finance

26.05.2018

National Bank of Kuwait (NBK) has been named the Best Bank in Kuwait 2018 by the international financial publication Global Finance.

NBK was chosen the Best Bank in Kuwait based on input from industry analysts, corporate executives and banking consultants. Criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products.

“We have selected the winners based on performance over the past year, as well as subjective criteria, including reputation and management excellence,” said Global Finance.

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 risk 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 twelve consecutive times and was awarded as the Best Bank in Kuwait in 2017 by the Banker, Euromoney and Global Finance.

NBK enjoys the widest banking presence with a local and international network reaching 4 continents. NBK’s international presence spans many of the world’s leading financial centers including New York, Europe, GCC, Middle East, Singapore as well as China (Shanghai).



Kuwait: Special NBK Ramadan commercial

22.05.2018

On the occasion of the holy month of Ramadan, the National Bank of Kuwait(NBK) launched a special TV commercial including a song titled ‘Naqsat Heshmah’, which focuses on Kuwaiti traditions and values and calls for spreading them.

This annual ad is part of NBK’s social responsibility and it is daily shown on NBK accounts on YouTube, Instagram and Facebook. In this regard, NBK’s assistant PR manager, Manal Faisal Al-Mattar said that the song is sung by Abdul Kareem Abdul Qadir, written by Yousif Al-Shatti and the music is composed by Bashar Al-Shatti. The word ‘Naqsat’ means sharing whatever food one has with others.



Kuwait: NBK contributes in honoring participants of Center 21 art gallery exhibition

20.05.2018

National Bank of Kuwait (NBK) took part in honoring the participants in the art gallery exhibition for young adults with special needs that was held by Center 21.

This contribution comes as part of NBK’s sponsorship to the center’s atelier for the second year in a row and for being the strategic partner in all the initiatives carried by it. The participants were honored for their good work and creativity after the great success of their exhibition that was held in different galleries in Kuwait. The honoring also included profits’ share distribution to the participants in parallel to their sold items.

“NBK’s partnership is part of its ongoing drive to fulfill its corporate social responsibilities”, said Joanne Al Abdul Jaleel, NBK Public Relations Officer. “NBK endeavors to shoulder its social responsibilities and share with the various private and public sector institutions the burdens and responsibilities of broader national efforts towards social advancement”.

Al Abdul Jaleel added “NBK's support to Center 21 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 and educational developmental issues.”

Center 21 is the first of a kind in Kuwait dedicated to serve and support young adults with special needs over the age of 21.The exhibition aimed at showcasing the work of the participants to make them feel part of the society.

Center 21 is the first facility of its kind in Kuwait to provide complete and sophisticated services for young adults above 21 years old. The center’s activities varies from entertainment, field trips, development courses, rehabilitation sessions in addition to development services as physical therapy, speech therapy, occupational therapy focus skills , nutritional counseling and encouraging self-reliance and independence.

NBK has a long tradition supporting social and community oriented activities. NBK’s corporate social responsibility programs cover a range of education, environment, health, philanthropic, social and sports-related initiatives.



Kuwait: NBK Names Three Lucky Winners for UEFA Champions League Final Match Trip

19.05.2018

National Bank of Kuwait provides customers with best-in-class services and products and at the same time rewards its loyal customers with exciting, exclusive packages and promotions to thank them for their continued trust.

In an exclusive campaign, NBK awarded three lucky customers the opportunity of a lifetime to watch the UEFA Champions League Final match in Kiev, Ukraine on May 25, 2018.

The names of the three winners were announced live on FM 88.8 Kuwait Pulse in the presence of representatives from the Ministry of Commerce & Industry and officials from NBK.

The Three winners are: Haya Mohammad Saeed Boghaith, Faji Sarkissian and Nasser Mohammed Humoud Al Muhareb Al Humoud. All the winners received an all-expense paid trip for two –themselves and a friend or a family member.

“NBK has partnered with Mastercard to create this unique experience for customers to enjoy the excitement of the crowds at Europe’s most thrilling football match as a way to thank our most loyal customers,” said Hanadi Khazal, Assistant General Manager, Consumer Banking Group, National Bank of Kuwait . “We are happy to announce the names of the three lucky winners and we hope that they will enjoy an amazing time at the event.”

For a chance to win, NBK customers were invited to make purchases using their NBK Mastercard Credit Card locally, internationally or online. For each KD 1 spent locally, customers received 1 draw entry. For each KD 1 spent internationally and online, customers received 3 draw entries. A minimum spend of KD 100 was required to be entered into the draw.

The three winners each received an all-expense paid trip for two – for themselves and a friend or a family member. The full package to the UEFA Champions League Final Match includes round trip air tickets to Kiev, tickets to the final match, accommodation for two in a five star hotel ,city tour and ground transportation. 

“NBK demonstrates its commitment to customers not only with innovative banking technology and convenient services but also with interesting and unique campaigns that suit their needs and lifestyle. We thank our customers for their continued trust and promise to always provide them with the best services and rewards,” added Khazal.

Europe’s UEFA Champions League competition is one of the most prestigious, globally recognized football matches and is immensely popular in Kuwait and in the Middle East.

NBK Mastercard credit cards offers premium benefits including free access to airport lounges around the globe, free travel insurance, free valet parking, local concierge service, amazing rewards, discounts and instant cashback with NBK Rewards loyalty program and many more exclusive lifestyle offers.

To learn more about other exciting offers and all the benefits of NBK Mastercard credit cards visit NBK.com



Kuwait: NBK hosts FIFA World Cup 2018 PlayStation tournament

18.05.2018

National Bank of Kuwait continues to develop new services, rewards and products for its Al Shabab customers that are tailored to meet their interests and lifestyle. In the latest initiative along these lines, NBK organized a PlayStation tournament for Al Shabab customers focused on the FIFA World Cup 2018 at Cinescape in 360 mall.

“NBK works hard to create fun, exclusive events and activities that appeal to our Al Shabab customers,” said Bedoor Al Adsani, Consumer Banking Group, National Bank of Kuwait. “Our long term strategy is focused on customer satisfaction and building lasting, loyal relationships that meet customers’ lifestyle needs.”

Held in two VIP theaters, the football tournament invited participants to compete in a match broadcasted on the cinema’s big screen.

Sixteen players competed in the tournament for a chance to win cash prizes. Three winners took home valuable cash prizes including a first place winner who received KD 200; second place winner who won KD 150 and a third place winner with KD 100. In addition five members of the packed-house audience received cash prizes.

“Al Shabab Account provides Kuwait’s youth with all their banking needs,” added Al Adsani. “Al Shabab includes a free prepaid Visa card, with many benefits and rewards, and also provides real time access to customer service via the NBK Mobile Banking App.”

Al Shabab Visa prepaid card provides exciting and important features that allow customers to transfer money from the prepaid card to their account. Customers can also now withdraw cash from Al Shabab Visa prepaid card without paying a fee using any NBK ATM, services exclusive to NBK customers only.

Al Shabab Account benefits include easy and convenient banking transactions, direct contact with customer care staff through online live video chat, Whatsapp service and the 24 hours, seven days a week call center, 1-801-801.

Al Shabab visa prepaid cardholders also enjoy many great offers and benefits including 50% discounts on Talabat.com; 50% exclusive discount on weekend movie tickets at Cinescape and 15% off on bowling and birthday parties at Cozmo Bowling.

Students who want to transfer their allowance to NBK and set up an Al Shabab Account can visit NBK.com or one of NBK’s local branches.



Kuwait: NBK opens its annual iftar tent to faster: Daily iftar banquets locate across from Souq Sharq

17.05.2018

National Bank of Kuwait (NBK) opened its Ramada tent located across from Souq Sharq on Gulf Road to host daily iftar banquets. This initiative is part of NBK’s continuous efforts to carry forward the program it launched over two decades ago “Do Good Deeds in the Holy month of Ramadan”, which includes numerous charitable events and humanitarian activities.

The iftar tent opening ceremony was inaugurated by NBK’s top executives, headed by Mr. Essam Al Sager, CEO - NBK Group, Mr. Salah Al Fulaji, , CEO - NBK Kuwait, Mr. Sulaiman Al Marzouq, Deputy CEO and General Manager – Treasury, Mr. Emad Ahmed Al Ablani, General Manager, Group Human Resources at NBK, Mr. Mohamed Al Othman, General Manager, Consumer Banking Group, and Mr. Mohamed Al Kharafi, General Manager – Operations,  who inspected the logistical preparations and readiness to welcome fasters throughout the Holy Month.

NBK executives met with NBK volunteers, as they were briefed on the accomplished work and praised their great efforts during the holy month, especially that they carry out many initiatives within NBK’s program “Do Good Deeds in the Holy month of Ramadan”.  The volunteers’ activities include the supervision of the iftar tent, site visits to distribute iftar meals, in addition to daily visits to Nayef Palace as part of the “Iftar Cannon” program. They are also in charge of stacking NBK fridges located in several mosques across the Capital Governorate with water and dates, furthermore, they participate with the Kuwaiti Red Crescent to support needy families and join another campaign with the Kuwaiti Volunteer Center in cooperation with the Ministry of Interior to distribute iftar meals to drivers on the roads just before iftar time. 

The tent is open daily throughout the holy month of Ramadan before iftar time and meals are provided to fasting guests visiting the tent. A number of employees have volunteered to oversee the reception and service of the tent’s visitors and to distribute the meals inside the tent. NBK’s tent is an integral part of the " Do Good Deeds in the Holy month of Ramadan” program, which also includes the distribution of iftar meals through visiting different mosques and hospitals.



Kuwait: NBK’s 2018 Summer Internship Program starts its registration

16.05.2018

National Bank of Kuwait (NBK) is launching its 2018 Summer Internship Program on the 1st  of July, 2018. 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.

“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 17 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 1st of July, while the following sessions start on 15th and 29th of July and 12th of August respectively.

The Program features a mixture of theoretical and practical training dedicated to providing the interns with invaluable knowledge on a variety of subjects such as: the teamwork, creative thinking, the means of self-expression and modern banking, in addition to helping them to have greater exposure to daily banking work procedures.



Kuwait: NBK’s team concludes its participation in the “Innovation Challenge” with a spectacular presentation

16.05.2018

National Bank of Kuwait (NBK) team concluded its fourth season of the Innovation Challenge Program organized by Kuwait Foundation for the Advancement of Sciences (KFAS) in collaboration with the Executive Education Center at Anderson School of Management at the University of California, Los Angeles. The four-month 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. Sulaiman Al Marzouq, Deputy CEO and General Manager – Treasury, 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.   

Mr. Emad Ahmed Al Ablani expressed his pride in the unique participation of NBK team in the "Innovation Challenge" program, where the team succeeded in providing a new and innovative service that is worthy of implementation. He also highlighted that during the course of four-month, the program succeeded in motivating NBK employees to present their best and achieve and excellent performance, as they managed to create innovative solutions to real challenges related to their work. 

"NBK's strategy is based on continuous innovation and development. That has been reflected in achieving the bank’s unique leadership position in innovative banking, both locally and regionally”. Al Abalni said.

Al Ablani also praised the role played by KFAS in spreading and promoting the culture of investing in science and knowledge, which contributes to the advancement of technology and innovation in the Kuwaiti society. He pointed out that organizing this program for the fourth consecutive year is a testimony to KFAS’ success and effectiveness in improving the business environment away from regular means that doesn’t help in the promotion of the private sector’s business.



Egypt: National Bank of Kuwait - Egypt achieves a net profit of EGP 496. 6 million(KD 8.5 million) by the end of the first quarter of 2018

15.05.2018

National Bank of Kuwait - Egypt, a subsidiary of  the National Bank of Kuwait Group, reported a net profit of EGP 496.9 million as of the end of the first quarter of 2018 (KD 8.5 million), compared to EGP 329.54 million (KD 5.8 million) for the same period last year, with a growth of 50.78%.

The total assets grew by 12.81% reaching EGP 59.51 billion as of the end of March 2018, compared to EGP 52.75 billion for the same period last year. Moreover, the total customer deposits during this period increased by 13.23% reaching EGP 44.02 billion compared to EGP 38.87 billion for the same period last year, while net customer loans and facilities rose as of the end of March 2018 by 42.80% to reach EGP 35.77 billion compared to EGP 25.01 billion for the same period last year.

The Group Chief Executive Officer at National Bank of Kuwait and Chairman of the National Bank of Kuwait – Egypt, Mr. Isam Jassem Al-Sager, stated that the strong growth achieved by the bank in Egypt reaffirms its continued success in enhancing its position in the Egyptian market. This market represents one of the main growing markets of NBK Group, given the promising growth opportunities and positive prospects of this market.”

He pointed out that the strength of the profits of National Bank - Egypt stems from the fact that they are operational profits resulting from the improvement of the business environment, which reflects the stability of the economic situation in Egypt. He indicated that this stability will create for the bank new opportunities (investment and financing), which will contribute to improving the level of product integration between the bank and the group, thus strengthening its position in the Egyptian market.

Al-Sager affirmed that NBK Group investments in Egypt are strategic long-term investments. NBK - Egypt is deemed one of its most important affiliated foreign branches. The profits generated by the Bank's operations in Egypt represent approximately one third of the profits of the Group's foreign branches, which indicates its confidence in the Egyptian market. Therefore, the Group is firmly committed to expanding this market among banks in the Egyptian banking sector.

Financial indicators

For his part, the Managing Director of National Bank of Kuwait – Egypt, Dr. Yasser Hassan, said:”  As the Q1 results showed, the bank continues its strong performance by achieving high growth rates in all its financial indicators. These results are due to its prudent policy as a member of the group, and its business model which depends on diversifying and balancing the sources of income and loan portfolio, and  providing more flexible financing solutions. Also, based on careful and in-depth market research, the bank offers innovative banking products to meet the actual needs of customers,  as well as the bank has a robust financial position, budgetary strength, successful strategy, and solid management.”

He added that most of NBK-Egypt profits stem from credit operations with the corporate sector, where the bank's credit portfolio includes a wide variety of companies that deal with it, thus reflecting the diversification of the Egyptian economy. He pointed out that the bank seeks to strengthen its position in the retail sector of individuals during the coming period.

He indicated that the bank now has 43 branches spread throughout the Egyptian governorates and that it seeks to increase their number to 60 branches over the next three years. This network spreads in the most vital locations in the various governorates and cities of Egypt, including: Cairo, Giza, Alexandria, Delta, Sinai, the Red Sea and Upper Egypt, as well as industrial areas such as: the cities of the Sixth of October and the tenth of Ramadan. NBK- Egypt is also one of the few banks in the Egyptian market that have an Islamic license in addition to the conventional license. It has two Islamic branches in Cairo and Alexandria, which allow the bank to offer Sharia compliant products as well as conventional products.

It is worth mentioning that the National Bank of Kuwait, established in 1952 as the oldest national bank and financial institution in the State of Kuwait and the Arabian Gulf region, is one of the largest and most prominent Arab banks and it has the highest credit rating in the Middle East. The global agencies Moody's, Standard & Poor's, and Fitch unanimously confirm the robustness of its financial indicators, the quality of its high assets, its strong capitalization, the experience of its management, the clarity of its strategic vision and the availability of a stable funding base. The National Bank of Kuwait also maintains its position among the top 50 safest banks in the world for the twelfth consecutive year. NBK Group today has the largest network of local and international branches, reaching 153 branches and subsidiaries covering four continents around the world and spread across the United States, Europe, the Gulf States, the Middle East, China and Singapore.



Kuwait: National Bank of Kuwait and Mastercard make GCC debut of pioneering biometric solutions

14.05.2018

Answering the market’s growing demand for increased convenience and security associated with biometric technology, National Bank of Kuwait and Mastercard announced two pioneering biometric solutions designed to improve online and in-store shopping at a press conference held at NBK Head.

Mr. Isam J. Al-Sager, Group Chief Executive Officer, National Bank of Kuwait, National Bank of Kuwait, and Mr. Mohammed Al Othman, General Manager of Consumer Banking Group, National Bank of Kuwait attended the event. Mr. Khalid Elgibali, Division President – Middle East and North Africa represented Mastercard at the event which started with the announcement of the new biometric solutions and was followed by a showcase at NBK museum. Journalists were invited to test drive the Identity Check online authentication solution along with other innovative banking technologies NBK has introduced including Video Chat, Quick Pay, Ask Me and the advanced Online Banking and Mobile Banking app services.

Isam Al-Sager, NBK's Group Chief Executive Officer, said: “Our long-standing partnership with MasterCard enables us today to introduce the most advanced and first of its kind service in the Middle East, allowing customers to use the Selfie Pay service as well as biometric cards. These new services come in line with NBK’s endeavors to offer the latest technologies in the banking sector as demand for easier and safer banking services continue to increase.”

           

Al-Sager added: “We continue to focus on bringing innovative and unique services to our NBK customers through our partnerships with leading and internationally renowned companies such MasterCard. Leading the way with technologically advanced services is a strategy that falls in line with our long-term strategy to improving mobile services that satisfy the needs of our customers.”

 

NBK customers will be the first in the Middle East and Africa (MEA) region to experience Mastercard’s Identity Check online authentication solution, while a pilot program for an innovative biometric card with an embedded fingerprint sensor will be a first for the GCC.

Mastercard Identity Check is an advanced authentication solution that uses biometric identifiers such as fingerprint, facial and voice recognition to verify users’ identity through their mobile devices when shopping and banking online. The solution works across multiple devices and platforms, simplifying consumers’ lives by eliminating the need to enter a password or answer security questions.

Following the official launch, the Mastercard and NBK co-branded app, ‘Mastercard Identity Check for NBK ’, will be available from the Apple App Store and Google Play Store. Consumers can download the application and register their biometrics – whether fingerprint or face – securely on the smartphone.

Once registered, users will receive a notification through the app prompting them to authenticate their identity using their preferred choice of biometrics to complete the transaction when making online purchases.

National Bank of Kuwait and MasterCard also announced the GCC region’s first pilot program for a biometric card to conveniently and safely verify the cardholder’s identity for in-store purchases. When shopping and paying in-store, the biometric card works like any other chip card. The cardholder simply dips the card into a retailer’s point-of-sale terminal while placing their finger on the embedded sensor. The fingerprint is verified against the template stored on the card and – if the biometrics matches – the transaction can then be approved with the card never leaving the consumer’s hand.

The biometric card works with existing EMV card terminals globally, so cardholders can use it wherever cards are accepted, without any new hardware or software upgrades required from merchants.

Mr. Dimitrios Kokosioulis, Head of IT & Operations Group, National Bank of Kuwait commented: “NBK endeavors to deliver innovative, powerful and distinctive value propositions to our consumers. Working with Mastercard, we are introducing solutions in the region for the very first time, meaning our customers can experience the latest and most advanced authentication technology available today. The adoption of this technology is also fully aligned with our ‘mobile-first strategy’, which outlines a roadmap to a more convenient future for our customers.”

“We are excited to build on our long-standing partnership with NBK as we debut groundbreaking biometric technology in the region for the very first time. Our joint research with the University of Oxford has proven that 93% of consumers prefer using biometrics to remembering passwords. These next-generation authentication solutions are no longer based on what you remember, but who you are – a fundamental difference that brings new levels of convenience to consumers, while further enhancing security. The development of these innovative solutions marks an important step in our ongoing quest to fulfill the needs of consumers and drive change across the region’s constantly evolving payments ecosystem,” said Khalid Elgibali, Division President, MENA, Mastercard.



Kuwait: NBK and Kuwait Fire Service Directorate launch an awareness campaign during the Holy Month of Ramadan

13.05.2018

National Bank of Kuwait (NBK), in cooperation with Kuwaiti Fire Service Directorate, launched an awareness campaign during the holy month of Ramadan including guidance messages to alert people and prevent accidents.

Those messages would be broadcasted through NBK and the Fire Department’s official social media sites on daily basis, in an effort to raise caution, reduce accidents and limit exposure to risks, especially in the holy month of Ramadan.

Commenting on launching the campaign, Talal Al Turki, NBK Public Relations Team Leader said: ”NBK is so proud of partnering up with various public institutions and directorates due to their vital and pivotal role in serving the community and its members.  We are also extremely proud to participate in such an unprecedented awareness campaign with main focus on saving lives and to reduce accidents”.

Al Turki added that Kuwait Fire Service Directorate’s public relations department would be in charge of sending those messages through both its channels and NBK channels of social media to ensure the widest reach. He also pointed out that this cooperation with the Fire Services Directorate is a continuation of a long record of targeted initiatives, and that NBK will continue to launch more initiatives, projects and campaigns to serve our society in the best way possible.

"Joining efforts with NBK on social initiatives always has a positive impact on society," said Khalil Al Amir, Director of Public Relations and Media at Kuwait Fire Service Directorate. "We are optimistic that this campaign will achieve positive results, which will be reflected in the reduction of the number of  incidents during the holy month.”

He added that: “We have chosen to launch this campaign during the holy month of Ramadan due to the unique characteristics and conditions of this  month that make individuals more vulnerable to get exposed to double the normal number of accidents, especially in the kitchen, which is more frequently used and is considered a major source of home accidents caused by human errors. We do believe in destiny and fate, however, we need to take all the necessary precautions”. He also  expressed his pride to partnership with NBK, which plays a leading role in supporting social initiatives.



Kuwait: NBK hosts a “Graish” banquet

12.05.2018

National Bank of Kuwait held a Graish banquet to celebrate the holy month of Ramadan with Al Asimah Governorate. The event was attended by Mr. Essam Al Sager,  Group Chief Executive Officer - National Bank of Kuwait, Ms. Shaikha Al Bahar. Deputy Group Chief Executive Officer of National Bank of Kuwait, Mr. Sulaiman Al Marzouq, Deputy CEO and General Manager – Treasury, Mr. Mohamed Al Othman, General Manager, Consumer Banking Group, in addition to a a number of NBK’s executives and Governor, Thabet Mohammed Al-Muhanna.

Greetings were exchanged on that occasion and all participants joined the last meal before fasting during the holy month of Ramadan, reviving the tradition of “Graish” as part of Kuwait’s deep-rooted customs and traditions.  

This initiative is part of NBK’s continuous cooperation with the Capital Governorate, especially during the holy month of Ramadan including the organization of a special program in Nayef Palace, the delivery of Iftar meals and sponsoring the “Iftar Cannon Program” which is broadcasted daily on the first channel of Kuwait TV, in addition to providing refrigerators in different mosques across the capital to provide water and dates. 

This event stems from NBK's recognition and appreciation towards the Capital Governorate’s continuous efforts in facilitating NBK’s initiatives during the holy month of Ramadan extended to the fasting people and in expression to the long lasting cooperation between both parties and the great efforts exerted by Governorate to maintain its leadership position in providing all its services and its vital developmental role.

The Governor praised NBK’s role towards its social responsibility, and applauded its efforts in continuously maintaining its leadership position in serving the community in addition to its prominent track record locally and regionally. He also stressed on maintaining the continued efforts and joint cooperation for the benefit of the society and in serving the social, humanitarian and charitable causes wherever needed.



Kuwait: NBK hosts “Graish” banquet to MOI celebrating the Holy Month of Ramadan

11.05.2018

Celebrating the Holy Month of Ramadan, National Bank of Kuwait (NBK) organized a Quraish banquet to share with the Traffic Engineering and Safety Department at the Ministry of Interior, attended by General Manager, Consumer Banking Group   Mr. Mohammed Al Othman, Chief Security Officer at NBK, Mr. Khaled Al Matrouk and Executive Manager – Public Relations Department Mr. Abdulmohsen Al Rasheed, in addition to a number of NBK executives. 

This initiative comes in line with NBK's continuous cooperation with MOI, especially during the month of Ramadan, where the Ministry plays a key role in facilitating the field trips conducted by NBK’s volunteers to distribute Iftar meals across Kuwait, as well as MOI’s cooperation in facilitating NBK’s activities to run its Ramadan Iftar tent.

NBK executed exchanged congratulations with MOI officials on the occasion of the holy month of Ramadan, and stressed on MOI’s continued efforts and cooperation in facilitating the bank’s requirements to achieve its social responsibilities, especially during the holy month of Ramadan, confirming their commitment to cooperate in achieving the best interests of the community and to serve its causes.

Meanwhile, MOI praised NBK’s social responsibilities role, its keen efforts, and leadership role in serving the community. 



Kuwait: NBK organizes Umrah trips to its employees and their families

10.05.2018

National Bank of Kuwait (NBK) has organized the annual Umrah trip to Al Bayt Al-Haraam for the bank’s employees and their families as part of its annual social activities, in line with the bank’s endeavor to spiritually strengthen the one family approach adopted by NBK.

“NBK has been organizing this trip for nearly 20 years as part of its initiatives and social activities that the bank strives to organize for its employees in order to enhance the spirit of family togetherness." Yacoub Al Baqer, NBK Public Relations Officer said.

Al Baqer added that employees from various departments and their families have joined this trip to perform the Umrah trip, inclusive of a visit to Medina and the Prophet's Mosque, mountain of Uhud and the burial site of Uhud battle’s martyrs, in addition to visiting the first mosque ever built in Islam, Masjid Quba, then conclude by visiting the Holy Mosque in Mecca.

He also pointed out that the organization of the Umrah trip falls within the annual programs framework that NBK develops for its employees. NBK has organized a number of beneficial religious meetings and seminars that shed light on the bright stages of Islam and Islamic Sharia.



Kuwait: NBK First in the Region to Launch Video Chat Service with Sign language

09.05.2018

National Bank of Kuwait elevates customer service to an art form, always the first to introduce new and valuable products and services. Now NBK is the first in the region to launch a new Video Chat Service with Sign language.

Customers can speak face-to-face in real time with live NBK Service Officers seven days a week from 9am to 11pm (Kuwait time) using either the NBK.com website or the NBK Mobile Banking app. The NBK Video Chat feature enhances the banking experience for all customers, including for the hearing impaired with sign language-trained Service Officers available for video chat as well.

“We’ve trained service officers in sign language in order to provide for our hearing impaired customers. Now, we are raising the bar by adding an even more convenient and confidential communication platform – video chat – that supports customers with special needs,” explains Aseel Al-Jassar, Digital Channel Manager- Consumer Banking Group, National Bank of Kuwait. “In this way, NBK continues to leverage technology to provide the best and most convenient banking services in the region.”

NBK Video Chat Service Officers are available to help with all customer inquiries about NBK banking products, services and benefits.

To utilize the new video chat service, NBK customers should connect using an internet-connected smart phone or computer with a camera. To launch the service, simply visit the NBK.com website or launch the NBK Mobile Banking app and select Video Chat.

“NBK goes the extra mile to help our customers wherever they may be. Video chat allows customers to reach service representative from their computer or mobile with just a few clicks,” added Al-Jassar.

Interactive live Video Chat represents a future trend in banking around the globe. Video service staff will be able to handle basic transactions and provide consultation and information on a range of NBK products.

NBK Video Chat banking service also provides an additional layer of customer support, making banking transactions simple, confidential and secure for everyone.

To learn more about this exciting new service visit NBK.com.



Kuwait: NBK Launches a Training Program For KOC Employees

07.05.2018

The Group Human Resources in the National Bank of Kuwait launched in cooperation the Foreign Corporate & Trade Finance Group, a comprehensive field training program for the Kuwait Oil Company. The program aims to train KOC employees working in the departments of treasury, finance and accounting on banking operations.

The trainees were welcomed by NBK and KOC leaders headed by Mr. Emad Ahmad Al Ablani, General Manager, Head of Group Human Resources at NBK, Mr. Pradeep Handa, Group Head - Foreign Corporate, Oil & Trade Finance Group, Mr. Fawaz Al Fulaij, Head of Oil and Gas Unit, Mr. Akram Al Shami, Head of Trade Finance, Mr. Teddy Nohra Head of Talent & Training and Development. The Kuwait Oil Company was represented by Mrs. Maysam Al Ghanem, Team Leader Treasury Accounts and Mr. Modhi Al Shammari from the Financial Investments.

The four weeks program covers both theoretical and practical training. And will be delivered for two groups separately.

Mr. Emad Ahmad Al Ablani, General Manager, Head of Group Human Resources at NBK said: “This program is in the context of the bank’s aim of disseminating the banking culture and introducing the cadres working in the oil sector to the banking activities in general, in addition to explaining banking related processes required for their work”.

Al Ablani stressed that the importance of the program stems from the importance of the subjects that will be addressed and which will help provide knowledge to the employees dealing with the banking sector. He listed the following as some of the program’s topics: trade finance, treasury, operations, risk management, letters of guarantee, all types of letters of credit and anti- money laundering.

He hoped that the program would achieve its desired aims of acquainting the employees with the nature of the banking sector’s activities and processes, pointing out that NBK views the training of the national working cadres as a vital part of its social responsibility.

  These initiatives all planned to be delivered on an annual basis in harmony with the bank’s established policy of shouldering its social responsibilities and out of its belief in the efficacy of these purposeful programs in serving society and its members. It also reflects the leading role played by NBK in this field over many decades.



Kuwait: NBK and Boubyan Bank in the MENA Financial Crime Compliance Group meeting held in collaboration with Wolfsberg Group in Paris

05.05.2018

The National Bank of Kuwait (NBK) and Boubyan Bank participated in the MENA Financial Crime Compliance Group (MENA FCCG) meeting held in collaboration with the Wolfsberg Group in Paris, France to bring collective action in the fight against Money Laundering and Terror Financing.

The objective of this private event was to raise confidence in MENA’s Financial Sectors by sharing compliance best practices, whilst exchanging concerns with regards to correspondent banking relationships; relaying MENA banking sectors’ commitment to safeguarding credibility, integrity, and trust in it.

Among the distinguished guests, MENA FCCG was honored to have the participation of the Chairman of the Union of Arab Banks, H.H. Sheikh Mohamed Al-Jarrah Al-Sabah, and the Chairman of the US-MENA Private Sector Dialogue initiative, Dr. Muhammad Baasiri.

NBK and Boubyan Bank’s participation came in line with their status as founding members of the MENA FCCG.

Commenting on the participation, Mr. Walid Gamal El Din El Seyoufi, Deputy General Manager for Group Risk Management and Compliance at National Bank of Kuwait (NBK), said: “The meeting is a landmark event held in the collaboration with the world's largest financial institutions with an objective to improve the abilities of member-banks to overcome the challenges of the banking sector as well as to build stronger relations between participating banks. NBK’s participation in the meeting comes in line with its leadership in adopting international best practices in risk management.”

El Seyoufi added that meeting comes at a time when banking and financial institutions are fighting Money Laundering and Terror Financing, stressing that NBK has adopted a solid strategy to reduce risks affecting its various activities, and therefore focusing on the quality of customers, services and banking products offered to them while providing maximum protection to the Bank.

He pointed out that NBK has successfully mitigated risks that are driven by different work environment throughout the Bank’s large and diversified network which expands over four continents, thanks to policies consistent with international best practices.

On his part, Mr. Nadim Safa, Head of Compliance at Boubyan Bank, said that the meeting is the first of its kind for the members of the Wolfsberg Group and representatives of Middle Eastern banks. The meeting enables member-banks from coordinating and exchanging with the Group, as well as hold meetings that aim to facilitate financial relations with other banks of the Group which are among the largest and most important correspondent banks in the world.

He added that the participation of Boubyan Bank reflects the Bank's commitment to strengthening its relations with major banks and to ensure it works by the international standards in fighting all types of financial crimes.

Established in 2016, MENA FCCG consists of 12 proactive leading private financial institutions from various Arab countries, comprising NBK, Boubyan Bank, Abu Dhabi Commercial Bank, Arab Bank, Al Baraka Banking Group, Arab Banking Corporation, Bank Audi, Bank Muscat, Commercial Bank of Qatar, Emirates NBD, Mashreq Bank, National Bank of Egypt, as well as the Union of Arab Banks (UAB) and Thomson Reuters as Strategic Partners.

In collaboration with the Wolfsberg Group, MENA FCCG hopes to facilitate for smaller MENA Banks the filling of the Wolfsberg updated Due Diligence Questionnaire via a series of webinars and dedicated trainings.

The Wolfsberg updated Due Diligence questionnaire (CBDDQ) aims to set an enhanced standard for Correspondent Banking Due Diligence, that, if adopted across the industry, will create efficiencies, raise the bar on fighting financial crime, and make the international financial system stronger.  As a result, costs of compliance could be trimmed, the speed of new on boarding reduced but, more importantly, a transparent global standard established so that Correspondent Banks can operate, more than ever, on a more level playing field, mitigating de-risking.

The Wolfsberg Group is an association of thirteen of the most influential global banks, gathering financial institutions from North America, Europe and Asia. Among its renowned achievements, the Group publishes and updates a series of principles which are known as “The Wolfsberg Standards”; banking guidelines that are recognized and applied by a vast regulatory and financial community across the world.



Kuwait: NBK shares fun events with children at its Specialty Hospital and Stem Cell unit

04.05.2018

National Bank of Kuwait (NBK) continued celebrating the spring season with a group of initiatives designed especially for children at its Specialty Hospital and Stem Cell unit.

The spring initiatives took place in the month of April and witnessed several fun activities with the participation of the patients including planting their flower pots in the hospital’s garden, creating their own farm, designing and coloring different pottery shapes and painting their own canvas’ boards where they showed their artistic skills.

The fun events come as part of a program designed to engage with children and runs all year round. Children and the Hospital team took part in those activities and fun workshops to end the spring season.

“NBK is keen on sharing this occasion with children as it symbolizes new beginnings,” said Joanne Al Abdul Jaleel, NBK Public relations Officer. “These events reflect continuity, positivity and life. Children are easily driven towards good vibes which helps them tolerate, accept their treatment and somehow overcome their medical statement.”

Al Abdul Jaleel added, “Children, nurses and doctors took part in part in attending the different fun workshops showing the solidarity and the family spirit as the main values of the Hospital and its vision”.

“We take great pride today in sharing our children at the Specialized Hospital and the Stem Cell Therapy Unit these activities,” noted Al Abdul Jaleel. “NBK has always considered supporting the children an essential part of its social and philanthropic outreach.” 

Moreover, a doctoral committee from the hospital chose the best performing nurses for April to be honored by NBK, as part of the program that aims at encouraging team work and dedication.

NBK also organized story telling sessions and movie nights for children at the Specialty Hospital and Stem Cell Therapy Unit during the month of April, 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 Children’s Hospital stands as a landmark for the bank's social initiatives towards children. NBK expanded the hospital’s capacity and opened recently the only Stem Cell Therapy Unit for children in Kuwait, further expanding its hospital’s ability to treat children with cancer and blood diseases.

NBK’s Social initiatives reflect the Bank’s high sense of duty and responsibility towards the community. 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 Kuwait`s society.



Kuwait: NBK Showcases Al Shabab Activities on Local Radio Station

03.05.2018

National Bank of Kuwait works to develop close and lasting relationships with its customers through fun and interesting activities, events and competitions. As part of this program, NBK has organized monthly radio activities to engage with customers, especially Kuwait’s youth.

On April 23, NBK hosted a radio activity on Kuwait Pulse 88.8 FM’s Diwaniyat Al-Yaqout and Al-Ansari with hosts Talal Al-Yaqout and Khaled Al-Ansari. During the program, Aisha Al-Ghanim, Consumer Banking Group, National Bank of Kuwait gave an interview discussing the NBK campaign ‘Triple Your Allowance’.

“NBK creates fun and unique campaigns to show our Shabab customers our appreciation for their trust and loyalty,” said Al-Ghanim. “In the latest campaign, students who transfer their allowance to NBK have the chance to win KD 400 in Al Shabab Daily Draw.”

During the radio activity, callers also had the opportunity to answer three questions and each one of them received three gifts from NBK.

As Al-Ghanim explained live on air, NBK’s Al Shabab Account provides a range of benefits, including a free Shabab prepaid card with special rewards and discounts for students.

Listeners enjoyed exciting games and valuable prizes as well as the chance to learn more about the offers and rewards NBK has specifically tailored to suit their demographic’s needs and lifestyle.

“Al Shabab Account is geared toward students in Kuwait, with our campaigns and promotions focused especially on the types of activities and events that youth enjoy and prefer,” explained Al-Ghanim.

NBK’s Al Shabab account is available to anyone between the ages of 15 and 23 and/or are attending college or university. Benefits of Al Shabab account include instant discounts when customers use the NBK Al Shabab Debit card for purchases at shops, restaurants and entertainment venues in Kuwait. Customers can also avail the popular Tap & Pay service, either through their card, stickers or wearables, allowing them to pay for small purchases up to KD 10 without having to use a pin code.

Shabab card holders enjoy many great offers. For instance, in the last weekend of each month, Shabab prepaid card customers are entitled to a 50% discount on Talabat.com. They also receive 50% exclusive discount on weekend movie tickets at Cinescape and 15% off on bowling and birthday parties at Cozmo Bowling

NBK is delighted to collaborate with FM 88.8 to create fun, exclusive and entertaining radio activities. Customers can look forward to more exciting radio activities from NBK in the future. To learn more about Al Shabab account, visit NBK.com.



Kuwait: NBK sponsors Loyac's social entrepreneurship program KON co-created with Babson College

03.05.2018

National Bank of Kuwait (NBK) is sponsoring Loyac’s social entrepreneurship program “KON”. The program is a social entrepreneurship program that is co-created with Babson College. It aims to introduce young adults between the ages of 12 to 16 to the world business and to turn their ideas into action.

For the second year in a row, NBK will take part in the training sessions that will start on the 1st of July until the 8th of August 2018. Throughout the 5 weeks program, leaders from NBK along with a group of professional leaders mentors and trainers, locally and regionally will encourage the participants to create a profitable business that solves an environmental challenge.

NBK Public Relations, Team Leader, Yaqoub Al Baqer said:" NBK’s sponsorship and participation in the program comes as a part of its strategic partnership with Loyac. NBK is dedicated towards supporting talented young people and empowering them towards achieving their goals.”

"KON” is one of these initiatives that help invest and support young youths. NBK is elated with the outcome of the program last year and looks forward to seeing the participants moving into key leadership roles in their near future,” he added.

NBK believes that investing in human resources is investing in our future. The KON program goes along with NBK’s initiatives to invest in youth and support their aspirations.

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: Use your NBK Cards and Win the Car of your Choice

02.05.2018

National Bank of Kuwait proudly presents a new campaign that gives loyal customers a chance to win a car – of their own choice – as part of the summer holiday season.

NBK credit card holders will automatically be entered into a draw for a chance to win a car, chosen by themselves, worth up to KD 20,000. For every KD 1 spent locally, customers will earn one chance in the draw. For every KD 1 spent internationally, NBK credit card holders and NBK debit card holders will earn 3 chances.

NBK customers who use their credit card during Ramadan will double their chances to win, earning 2 chances for each KD 1 spent locally and 6 chances for each KD 1 spent internationally using credit or debit cards during the holy month.

“NBK continuously shows customers appreciation by creating unique and exciting campaigns and rewards,” explained Hanadi Khazal, Assistant General Manager, Consumer Banking Group, National Bank of Kuwait. “Customers have the chance to win their dream car – and they will be able to choose specifications.”

Five winners will be drawn at the end of the campaign, which runs from May 3 to September 15, 2018. Each of the grand prize winners will receive an NBK gift prepaid card issued in the name of the bank and loaded with KD 20,000 to be spent on the car of the winner’s choice. The gift card may be used at any vehicle dealership inside Kuwait for the purpose of purchasing a vehicle and car insurance.

“NBK is known for providing the best-in-class products, services and campaigns for customers. We not only adopt the latest, most advance technology but also continually innovate when it comes to rewards that give our customers choices to suit their lifestyle needs,” added Khazal.

By allowing customers an opportunity to win the value of a vehicle of their own choosing, NBK reaffirms its deep commitment to customer satisfaction and the building of lasting, loyal customer relationships. 

NBK offers customers choice through a variety of products and services. NBK customers can choose the credit card tailored to their specific needs and requirements by visiting the award-winning NBK.com website, and navigating through the online card comparison tool. To learn more visit NBK.com.



Kuwait: More than 300 Children with their families celebrated NBK’s annual carnival at the Stem Cell Therapy Unit

29.04.2018

National Bank of Kuwait (NBK) organized a carnival its specialty Hospital and Stem Cell Therapy Unit Al Sabah Medical Area.

Isam Al-Sager, NBK’s Group Chief Executive Officer, Mohammed Al Khorafi, General Manager- Operations Group at NBK, Mrs. Margaret Al Sayer, the Founder and Director of KACCH, and NBK family shared happy moments with children suffering from permanent and incurable ailments.

The carnival included several activities that attracted more than 300 children and their parents from specialty Hospital, Stem Cell Therapy Unit and bayt Abdullah. The festival comprised a range of shows performed by KidZania in addition to a magic show. All of which contribute to raise the spirit of positivity and encouragement among patients and families circles.

“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.”

Moreover, a doctoral committee from the hospital chose the best performing nurses this month to be honored by NBK, as part of the program that aims at encouraging team work and dedication.

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. NBK expanded the hospital’s capacity and opened recently the only Stem Cell Therapy Unit for children in Kuwait, further expanding its hospital’s ability to treat children with cancer and blood diseases.



Kuwait: NBK Customers Travel to Moscow for FIFA World Cup Final Match

28.04.2018

National Bank of Kuwait announced live on air winners who will attend the FIFA World Cup final match in Moscow, Russia on July 15, 2018. The Three winners are: Jaser Mostafa Albohamad, Fatemah Abdulraheem Qasem and Mohammed Khaleefa Alazmi. All three won an all-expense paid trip for two –themselves and a friend or a family member. The prize was organized by NBK in collaboration with Visa.

The names of the three winners were announced live on FM 88.8 Kuwait Pulse in the presence of representatives from the Ministry of Commerce & Industry and officials from NBK.

“Again NBK has rewarded its loyal customers with this unique prize package,” said Mohammed Al Othman, General Manager of Consumer Banking Group, National Bank of Kuwait. “We’ve teamed up with Visa to offer 3 all-expense paid packages to give our football-loving fans the trip of a lifetime.”

NBK awarded three full packages – each package for two people - which include Business class flights, tickets to the FIFA World Cup Russia Final match, 5-star hotel accommodation, and KD 1,000 for expenses.

“We congratulate all three winners and hope they enjoy the most fantastic trip,” said Al Othman. “We promise our Credit Card and Debit Card customers the most fabulous and exclusive offers and this campaign shows NBK continues efforts to offer unique and extraordinary services and rewards.”

NBK customers were invited to utilize their NBK Visa Credit Cards to pay for purchases in Kuwait, internationally or online. Each time they spent KD 1 locally, they earned 1 entry into the draw. Every KD 1 spent internationally earned 3 entries into the draw.  Spending on transactions abroad entitled Debit Cardholders as well to enter the draw. A minimum spend of KD 100 using any of the eligible NBK Visa Credit Card or Debit Card was required to qualify for the draw.

The FIFA World Cup is one of the world’s most popular sporting events, taking place once every four years. Football, and especially the World Cup matches are widely popular in Kuwait. NBK’s FIFA World Cup prize campaign is part of the bank’s ongoing customer-centric approach.

NBK strives to bring customers world-class services, with customized products and offers. The bank creates the best rewards and promotions as a way to thank their customers for their continued business and loyalty.

To learn more about NBK offers and campaigns, visit NBK.com.



Kuwait: NBK launches ‘Quick Pay’ to make simple, fast and secure payments via Mobile Banking app

27.04.2018

National Bank of Kuwait makes banking convenient, simple and easy, with the latest innovations in technology. Customers can utilize a newly launched service, ‘Quick Pay’ on the NBK Mobile Banking app to receive funds in just a few clicks.

The Quick Pay option allows NBK customers who use NBK Mobile Banking app to receive money into their personal accounts during the week and even during holidays from any local bank in Kuwaiti Dinars, without having to go through the process of adding beneficiary details. Simply type in the payer or receiver’s email or mobile number to securely receive money transfers any time day or night.

“NBK banks on customer satisfaction as our number one priority and we develop new functionality and simplified services with this in mind,” said Hala Al-Shoaibi, Senior Alternative Channels Manager, Consumer Banking Group, National Bank of Kuwait. “We provide up-to-date services based on our customers’ lifestyle needs.”

To access the Quick Pay function, customers should download the updated version of the NBK Mobile Banking app. Once updated, NBK Quick Pay service will let customers receive money into their personal account from other NBK customers or non-NBK customers holding a debit card from a local bank. They will receive the transfer request as a link via SMS or email.

 “NBK’s Mobile Banking app is meant to make banking via your smart phone secure and simple,” added Al-Shoaibi. “We are continuously adding new services and functions to the app, improving its functionality to help customers complete their required banking transactions in the most convenient way possible. With NBK Quick Pay, you can receive money from any NBK account or local accounts with just a few taps on your mobile. All you have to do is enter the payer’s email or mobile number.”

The NBK Mobile Banking app provides a wide array of banking services and options. Customers can transfer funds locally or abroad, pay bills including local mobile phone bills, transfer money between accounts, and much more.

To learn more about this exciting offer and all the benefits of NBK Mobile Banking application, please visit NBK.com.



Kuwait: NBK Announces Monthly Al Jawhara Winner of KD 125,000

25.04.2018

National Bank of Kuwait announced the winner of the KD 125,000 monthly Al Jawhara draw for April 2018. The name of the winner, Abdulla Haider Taher AlHeraz, was announced live on air on radio FM 88.8 and in the presence of a representative from the Ministry of Commerce & Industry and NBK representatives.

NBK rewards its most loyal customers through Al Jawhara draw with weekly, monthly and quarterly prizes totaling KD 2.2 million annually. Customers qualify for a chance in the draw for every KD 50 in their Al Jawhara account.

“NBK strongly believes in rewarding customers with fabulous prizes in addition to providing customer centric solutions for an enjoyable and seamless banking experience. Al Jawhara draw is much anticipated by our customers, as it gives them the chance to win big and achieve their most cherished dreams.” said Suresh Varadarajan, Head of Liabilities & Insurance, Consumer Banking Group, National Bank of Kuwait. “When you open an Al Jawhara account you automatically enter a draw to win KD 5,000 weekly, KD 125,000 monthly and KD 250,000 quarterly. Everyone can avail from this opportunity.”

Customers can double their chances in case no withdrawals or transfers occur during the required period. To open Al Jawhara account, customer can simply visit NBK Online or Mobile banking and deposit KD 400 (minimum opening balance) or they can visit the nearest branch. Each KD 50 deposited during the required period equals one chance to enter the draw. Winners’ names are always made public and posted on the NBK website & Social Media accounts.

Winners for Al Jawhara weekly draws in April include: Mudhaf Taher AlShammari, Nouh Omran Hussain, Mustafa Abdulkareem Almoutawi.

Benefits of Al Jawhara Account include a free Visa debit card with access to more than 650,000 ATM machines around the world; access to NBK Online Banking and the NBK Mobile Banking app for viewing and managing your account wherever you are in the world. Customers always have access to NBK’s 24 hour, seven day a week call center and SMS notice service by request. AlJawhara account holders also have unlimited withdrawals (terms and conditions apply).

NBK strives to maintain lasting, strong and positive relationships with customers and provide many premier prizes, rewards and promotions to thank our customers for their loyalty.

Customers can learn more about the Al Jawhara accounts as well as other products and services provided by NBK by visiting the award-winning nbk.com.



Kuwait: “Yalla Watani” welcomes the third batch of branches trainees Participants for 2018

24.04.2018

“Yalla Watani” program for training national youth to work in the banking sector has welcomed the third batch of new colleges and universities graduates to receive training on working at National Bank of Kuwait’s (NBK) branches. The training program, which is attended by 13 trainees over a period of four weeks, aims at supporting newly graduated nationals as part of NBK’s social responsibility towards Kuwaiti youth.

The training course covers various banking aspects including: banking principals, credit cards, loans, letters of guarantee, insurance, fraud risks, and branch evaluation, in addition to developing soft skills like self-esteem, self-evaluation, achieving outstanding performance, change and innovation, management and effective communication techniques, work ethics, and teamwork.

The trainees were welcomed by NBK executives, Mr. Emad Ahmed Al Ablani, General Manager, Group Human Resources at NBK, and Mr. Abdullah Al Jassim, Head of Recruitment.

“NBK continues to anchor its leading position in the forefront of private sector institutions in  welcoming new graduates with open arms, as it firmly believes in its role and civic duty in providing career opportunities to Kuwaiti youth, in addition to working towards developing their capabilities and to attract national talents as well as to encourage the youth to join the private sector.   Al Ablani said.

He added that “Yalla Watani” is an integral part of NBK’s training programs aimed at attracting young national talents, as the program is tailored to meet the labor market’s requirements through providing training and developing opportunities to fresh graduates who prequalified to join the course.   

Al Ablani also pointed out that this is the third group to be graduated from “Yalla Watani” program this year after receiving professional training on the various aspects of working in bank branches. The program, which integrates both practical and theoretical training aspects to develop trainees’ interpersonal skills and rapidly improve their self-development, received 46 trainees since the beginning of the year.   

He further explained that the program introduces practical elements in addition to the theoretical aspects through intensive hands on training. The training management team uses a simulation model in order to enhance and refine the trainees’ talents prior to serving NBK customers for the first time, which might be an intimidating experience to new employees. 

Meanwhile, Mr. Abdullah Al Jassim, Head of Recruitment said:” NBK is always keen on keeping the principle of investing in young national talents at the top of its priorities as part of the bank’s strategy to attract Kuwaiti youth and pave the way forward for their career in one of the top banks in the region."

He also mentioned that NBK strives to provide an optimum work environment that fosters employees’ satisfaction and career development, as well as encouraging them show their diligence and exert more effort. NBK continuously motivates its staffs members by creating a competitive business environment and fostering teamwork spirit.



Kuwait: NBK crowned as the champion of Kuwait Banking Club Football league, beating KFH in the finals

23.04.2018

National Bank of Kuwait (NBK) won Kuwait Banking Club Football Cup for 2018 season after playing against Kuwait Finance House, ending the game with a score of 1 – nil, in the final match of the tournament held at Sabah Al-Salem Stadium in Al-Arabi Sports Club.

NBK has also won several individual awards during the tournament, with NBK Team Coach Hassan Fadel winning the best coach and NBK Public Relations Manager Mohamed Zaid titled as the best management coordinator between banks. Meanwhile, Masoud Yaqoub won the Best Team Supervisor award. NBK player Mosaed Al-Fawzan won the title of the best player of the tournament and NBK player Abdullah Al-Khalidi was the top scorer of the championship.

The match was attended by Mr. Emad Ahmed Al-Ablani,  General Manager - Group Human Resources at NBK, Mr. Mohammad Al-Kharafi, General Manager- Operations and IT Group at NBK, and Mr.  Abdulmohsen Al Rushai , NBK Public Relations Executive Manager. After the game has ended, Dr. Hamad Al Hasawi, Secretary General, Kuwait Banking Association and Mr. Fadel Al Mandi, Chairman of Kuwait Banking Club presented NBK team with the gold medals and the tournament cup.

The game was so exciting and NBK team created many opportunities from the beginning of the match until Mosaed Al-Fawzan managed to seize the opportunity to score the only goal of the match through a penalty the referee counted in favor of NBK during the first half of the match. Al Fawzn manage to surprise KFH goal keeper and scored the tournament’s winning goal, after a season full of victories and challenges. NBK played against Al Ahli Bank of Kuwait in the first round of the tournament and won 4-3, qualifying for the semi-finals, where it managed to beat Boubyan bank 2-1. The match was attended by a large audience of local bank staff and fans of the two teams as well as a group of bank managers.

NBK's team always strives to maintain its competitiveness in this tournament, and its leadership was  the result of the players’ efforts and preparations for the season, in addition to the interest invested in the team by the bank's management and the bank’s commitment to  maintain its leadership in sports.



Kuwait: Triple your allowance with NBK

22.04.2018

NBK offers the most valuable rewards to its loyal customers for their continued trust. Students can transfer their allowance to NBK and enter for a chance to win KD 400. Kuwaiti students who transfer their allowance to NBK will get a chance to win KD 400, added to their allowance, in the NBK Al Shabab Daily Draw.

The NBK Al Shabab Daily Draw is a new and exciting opportunity for youth of Kuwait to win big. New and existing Al Shabab account holders will be entered into a draw, with a prize of KD 400 awarded daily from 1 May to 31 May 2018.

“NBK works to build lasting relationships with the younger generation and to that end provides special offers and rewards tailored to their needs and lifestyle,” explained Muna Al Fahed, Consumer Banking Group, National Bank of Kuwait.

NBK’s Al Shabab account is available to students between the ages of 15 to 23 years old who are attending college or university. Benefits of Al Shabab include instant discounts up to 50% when customers use the NBK Al Shabab Prepaid Cardholders for purchases at shops, restaurants and entertainment venues in Kuwait.

Customers can also avail the popular Tap & Pay service, either through their card, stickers or wearables, allowing them to pay for small purchases up to KD 10 without having to use a pin code.

“Al Shabab Account offers a range of services and rewards that suit the young generation’s needs and lifestyle. The account offers advanced and easy to use services. For example, Al Shabab account holders receive a free Al Shabab Prepaid Card when they transfer their student allowances,” Al Fahed added.

Al Shabab Prepaid Cardholders enjoy many great offers. For instance, on the last weekend of each month, Al Shabab prepaid card customers are entitled to a 50% discount on Talabat.com. They also receive 50% exclusive discount on weekend movie tickets at Cinescape and 15% off on bowling and birthday parties at Cozmo Bowling.

NBK encourages students to develop strong financial skills including crafting personal budgets, saving and planning for the future.

To learn more, customers can visit NBK.com.



Kuwait: The Image of NBK Children’s Hospital is Making its Way to the International Standards

21.04.2018

NBK Children’s Hospital inaugurated the first value-led hospital conference in collaboration with National Bank of Kuwait namely “Value-led Hospital” aiming to best practices in healthcare leadership, the conference was held for two days at the stem cell therapy unit, in Al Sabah Medical Specialty Region.

NBK Children's Hospital Conference is a hospital initiative to integrate "best practice in healthcare leadership”. World-leading professionals from Sweden and Canada discussed how hospital values can be integrated in hospital strategies, policies, process and day-to-day practices. The conference is considered the first of its kind to be held by a hospital under the Ministry of Health and covers all hospital staff. NBK Human Resources (HR) Group also took part in this conference and provided specialized skill programs in client service and experience to a total of 120 employees including medical, nursing and administrative and staff.

Dr. Maitham Husain, Director of NBK Children’s Hospital, said: “The image of NBK Children's hospital is making its way to international standards. The conference took the hospital a step forward towards thriving to excellence he added. “We are proud to see our project striving to the international standards in respect to strategies, policies, processes and day-to-day practices,” he noted.

“We aim to increase awareness of leaders and senior management staff about the skills and tools available to achieve the strategic goals of the hospital. Using collaboration as a powerful tool, we had reached to experts nationally and internationally to deliver the scientific program,” he added.

Mr. Emad Al Ablani, NBK General Manager, Human Resources Group, said: "This is an unprecedented step in the medical sector in Kuwait. This conference confirms the distinction of NBK Hospital in enhancing its advanced treatments and values to align with the international modern standards.”

Al Ablani expressed his pride of taking part in this conference, where NBK Human Resources Group offered workshops on family-centered communication, time management, career planning and employee satisfaction. These workshops focused on to develop the staff’s performance in order to meet NBK’s standards.

Mrs. Manal Al Mattar, NBK Assistant General Manager, Public Relations, said: “This first of a kind initiative highlights NBK’s role in the Health sector in Kuwait and reflects the bank’s high sense of duty and responsibility towards the community and help those in need. 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 Kuwait`s society.

The conference comes in line with the bank’s social responsibility towards the hospital and to improve the staff’s performance in order to meet NBK’s standards and enhance the hospital’s value. NBK will always be committed in supporting the Hospital to go forward in progress at the level of services and care” she added.

Dr. Jonas Nordquist from Karolinska Institute outlined the NBK Children's values including family-centered care, collaborative, teamwork and center of excellence and how they influence patient and family experience. Dr. Jerry Maniate from The Ottawa Hospital defined the development of educational and training needs and program at the hospital which will enhance further the inter-professional development. Furthermore, Dr. Abdullah Ali, from the Kuwait Institute for Medical Specializations (KIMS), discussed how hospital can provide an environment that support training of healthcare professionals.

Child Life is Key

As "child and family well-being" is part of integral part of care for children at NBK Children's Hospital, Mrs. Stephanie Hopkinson, a child life specialists from KACCH, explored how family-centered care can be integrated in the hospital vision and patient care.in her turn, Mrs. Hadia Sajet also informed the audience about the role of Children Life Service CLS during the plan of care of child with cancer and chronic diseases.

Our People are Our Priority

In addition, the conference hosted several workshops targeting frontline staffs both administrative and clinical focusing on family centered communication, time management, career planning and employee satisfaction. These workshops were conducted by the Human Resources Group at NBK and enabled participants to use different strategies and tools to be client focused yet maintain job satisfaction.

Patient Safety and Quality Initiatives

Safety and Quality are strategic goals at NBK Children's and hence this is reflected on the program at the conference which presented three live sessions on quality initiatives at the workplace. As well, Dr. Haythem Abdulaziz and Dr. Hanaa Alganim from the Accreditation and Quality Directorate informed the audience about the use of using safety and quality initiatives such PDSA cycle in daily practice.

It’s worth mentioning that NBK’s Stem Cell Therapy Unit is the first children’s bone marrow transplant center in Kuwait. The new center is the largest corporate social responsibility donation in Kuwait and will expand the hospital’s ability to treat children with cancer and blood diseases.



Kuwait: NBK Children’s Hospital and NBK Human Resources Group Organize the First Value-led Hospital Conference in Kuwait

16.04.2018

NBK Children’s Hospital organizes the first value-led hospital conference in Kuwait in collaboration with National Bank of Kuwait on April 21st and 22nd, 2018. Titled “towards Best Practices in Healthcare Leadership”, the conference will be held at the Stem Cell Therapy Unit Building B, in Al Sabah Medical Specialty Region.

This conference is considered the first of its kind to be held by a hospital under the Ministry of Health and covers all hospital staff. Keynote speakers from Sweden and Canada will take part in this leadership training.

Manal Al Mattar, NBK Assistant General Manager, Public Relations, said: “The conference will provide workshops and training programs to the hospital staff. This conference comes in line with the bank’s social responsibility towards the hospital and to improve the staff’s performance in order to meet NBK’s standards and enhance the hospital’s value.”

“NBK Human Resources (HR) Group and the hospital’s management team worked closely to provide specialized skill programs in client service and experience to a total of 120 employees including physician, administrative and nursing staff,” she added.

Dr. Maitham Husain, Director of NBK Children’s Hospital, said: “The conference will take the hospital a step forward towards thriving to excellence. I would like to use this opportunity to thank the National Bank of Kuwait for their comprehensive involvement in supporting pediatric cancer care.”

“I can assure that such efforts and initiatives are making significant impact on patients, families and NBK Children's Hospital staffs. The image of NBK Children's hospital is making its way to the region and international standards,” he noted.

NBK’s HR Training department will be presenting several training programs, covering different topics: Patient-centered Communications, Time Management, How to achieve your goals and targets.

This first of a kind initiative highlights NBK’s role in the Health sector in Kuwait and reflects the bank’s high sense of duty and responsibility towards the community and helping those in need. 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 Kuwait`s society.

NBK’s Stem Cell Therapy Unit is the first children’s bone marrow transplant center in Kuwait. The new center is the largest corporate social responsibility donation in Kuwait and will expand the hospital’s ability to treat children with cancer and blood diseases.



Kuwait: Get your NBK Limited Edition FIFA World Cup Prepaid Card

15.04.2018

National Bank of Kuwait announced the launch of a new, limited-edition prepaid card celebrating FIFA and the upcoming World Cup series for football lovers in Kuwait.

The FIFA World Cup Prepaid card is exclusive to NBK customers and includes all standard prepaid card benefits and options. It is available to all NBK customers over 17 years old and Shabab customers who transfer their allowance to NBK.

Customers can apply for the card easily via the NBK mobile banking app, or the NBK website NBK.com. The card will be delivered to your doorstep with no extra fee.

“NBK offers this unique, Limited Edition FIFA World Cup prepaid card for our customers who are football enthusiasts,” said Mr. Mohammed Al Othman, General Manager of Consumer Banking Group, National Bank of Kuwait. “Holders enjoy all the benefits of an NBK prepaid card including NBK Rewards, Visa Global Assistance and other flexible and convenient offers and benefits.”

The prepaid card is part of a larger NBK campaign marking the upcoming FIFA World Cup. NBK has already awarded three all-expenses paid trips to the FIFA World Cup finals in Moscow, Russia in June 2018.

Three lucky winners, along with a family member or a friend, received first class tickets, 5-star hotel accommodation, transportation, tickets to the FIFA World Cup final match and KD 1,000 for expenses.

Now NBK offers football enthusiasts a chance to carry their own FIFA World Cup prepaid card, specially designed for NBK customers and Al Shabab customers.

“NBK creates the best services and products tailored to suit our customers lifestyle needs,” Al Othman added. “We go the extra mile to show appreciation to our customers. This is part of the bank’s long term strategy to build lasting, loyal relationships with our customers.”

The card provides important benefits including control over budgeting and spending, worldwide recognition and NBK secure Shopping. Card holders can determine how much to transfer to the card, thus setting their own spending limits. The card can also be reloaded via the NBK mobile banking app or NBK.com website. Prepaid card holders also earn cash back and other rewards as part of the NBK Rewards loyalty program.

To learn more, visit NBK.com



Kuwait: NBK Sponsors the “Career Fair” Organized by Youth Empowerment Organization (TAMKEEN)

14.04.2018

National Bank of Kuwait (NBK) sponsored the “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) of: the American University, Gulf University, the Australian College and the Public Authority for Applied Education and Training. NBK participated in the event through four dedicated booths, highlighting the bank’s keenness in supporting young national cadres, setting them for success in the labor market, and introducing them to the market’s needs and requirements in order to set the right course of their professional career.

The career fair aims to open channels of direct communication between private sector companies and job seeker and to provide suitable job opportunities for students and graduates. NBK human resources personnel were available at its booths and provided advice and guidance to each student on 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. 

 Emad Al Ablani, General Manager, Group Human Resources at NBK said: “NBK sponsorship of this event stems from believing in the importance of supporting young students and graduates and providing them with suitable jobs in such a vital sector such as the banking and financial sector.

“This career fair is considered an ideal platform to attract Kuwaiti job seekers aspiring to enter the labor market”. Al Ablani added, calling on all job seekers to take the right decision which suits their academic interests and professional aspirations.

He also stressed on the bank's commitment to providing training programs for graduates and students in order to assist them to gain the expertise, professional knowledge and practical training, as well as developing them professionally to enter the labor market. He pointed out that NBK is one of the leading private sector institutions that focuses on supporting Kuwaiti youth.

Meanwhile, Mr. Abdulla Al Jassim, Head of Recruitment Department at NBK Group, said: "NBK maintains its leadership position in the private sector in attracting young national talents and developing their skills and talents in order to put them on the right course in their professional careers”.

Al Jassim pointed out 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. 

He added that NBK’s booth at the fair witnessed a great turnout of participants where they received many requests from job seekers. Personal of NBK Human Resources Group provided participants with the required guidance to determine the appropriate career path for their future by presenting and explaining possible employment opportunities in the banking sector.



Kuwait: Al Babtain Group presents an exclusive offer to NBK customers when purchasing “Nissan, Infiniti, or Renault” vehicles

10.04.2018

 National Bank of Kuwait (NBK) continuously strives to provide financing solutions to meet all customers’ needs and requirements. Through its latest initiatives, NBK joined efforts with Al Babtain Group, the exclusive dealer of Nissan, Infiniti and Renault in Kuwait, to present NBK customers who transfer their salaries to the bank during 2018 with the option of a 0% financing when purchasing a new car.

“NBK is always keen to launch new exclusive campaigns and offers to provide its customers with unique opportunities”. General Manager, Consumer Banking Group, Mohamed Al Othman said. “The bank presents, through its latest cooperation initiative with Al Babtain Group, an exclusive offer to new Kuwaiti customers, employed by the public and private sectors, to own the latest models of “Nissan”, “Infiniti”, and “Renault”, receiving 0% financing option up to KD 15,000 for a period of up to 3 years for all 3 brands.”

He added that the offer is valid until May 31, 2018 and that interested customers are required to visit the closest NBK branch or Al Babtain showroom to review the terms and conditions.

He also mentioned that the offer meets the needs of different segments of customers due to the diversity offered by the Al Babtain Group, known for offering various models of cars that suit all preferences, ages and social groups. He also pointed out that NBK has the largest presence at car dealerships across Kuwait due to its wide geographical reach, with more than 30 locations and car dealership.

NBK also offers the best banking solutions for those who want to finance their car purchase. It is easy to apply for the service either by visiting the nearest branch or through NBK online. Applications are processed swiftly, and approvals are granted with flexible conditions.

Meanwhile, Mr. Makram Khater, Group General Marketing Manager at Al Babtain Group said: ”Once again, Al Babtain Group and NBK join hands to form a fruitful partnership that meets customers’ needs and expectations, as we strive to reward them with value propositions and long-term benefits”.

“Our strategic partnership connecting Al Babtain Group and NBK is a long-term relationship which is reflected throughout various activities, whether it aims at raising social awareness or through campaigns aimed at raising the level of customer service and meeting market requirements."



Kuwait: Transfer your Salary to NBK and Win Instant Rewards

09.04.2018

National Bank of Kuwait creates exclusive and valuable offers for its customers as part of its customer-centric approach.

Now new or existing customers who sign up to transfer their salary to NBK during the campaign promotion period can choose to win an instant free gift – ranging from KD 100 to KD 10,000 – or an interest-free loan up to KD 10,000.

After the campaign ends, new and existing customers who transfer their salary to NBK will enter into a draw to win a salary for one year, up to KD 12,000! Three lucky winners will be chosen to receive a salary of 12 months – as a thank you for their continued loyalty and support. Winners will be announced in February 2019.

“NBK goes the extra mile to give our customers unique and extraordinary offers,” said Ahmad Al Qanaie, Consumer Banking Group, National Bank of Kuwait. “With this promotion we offer clients a chance to enjoy instant gifts or interest-free loan up to KD 10,000 and another opportunity for a year’s salary.”

 “NBK develops customer-centric campaigns, promotions and offers because we value and appreciate our customers,” Al Qanaie added. “We work to build lasting and loyal relationships with our customers.”

Customers who transfer their salaries to NBK can avail of a full range of products and services including personal loans, Mastercard and Visa credit cards custom tailored to meet customers’ specific lifestyle needs and benefits including free travel insurance and airport lounge access.

NBK is among the leading innovators in the region in terms of fintech. The bank was the first to introduce the use of WhatsApp as a customer service channel. NBK was also the first bank to apply technological solutions to meet customer needs and lifestyle demands. NBK was the first to introduce the ASK ME function via Ipads; the bank also adopted many technologies such as ITM and the popular Tap & Pay technology.

NBK’s advanced technology solutions include holding the largest fleet of IT-advanced ATMs strategically located throughout Kuwait. NBK was also the first to adopt special-needs tailored ATMs using advanced technology.

Moreover, NBK has the safest online banking portal, utilizing world-class security standards and protocols.



Kuwait: NBK reports net profits of KD 93.6 million for 1Q 2018

09.04.2018

National Bank of Kuwait (NBK) reported net profits of KD 93.6 million (USD 312.2 million) for the first quarter of 2018 compared with KD 85.4 million (USD 284.8 million) in 2017, growing 9.6% year-on-year.

Total assets as of end of March 2018 reached KD 26.8 billion (USD 89.4 billion) up 7.8% compared end of March 2017, while total shareholders’ equity increased by 3.0% to KD 2.9 billion (USD 9.7 billion). Customer loans and advances reached KD 14.8 billion (USD 49.5 billion) as of end of March 2018, 5.6% up from last year’s levels. Customer deposits grew by 8.6% year-on-year to reach KD 14.3 billion (USD 47.6 billion) as of end of March 2018.

Asset quality metrics remained strong with NPL/Gross Loans ratio at 1.38% as of end of March 2018, and NPL coverage ratio at 274%; reflecting NBK’s resilient risk management approach.

Nasser Al-Sayer, NBK Group Chairman said “NBK recorded strong performance in 1Q 2018 demonstrating the resilience, quality and diversity of earnings in a globally challenging operating environment. The Group maintained its leadership in Kuwait while successfully strengthened synergies between its international operations to deliver an ultimate customer experience”.

“The Group’s net operating income grew by 9.2% year-on-year to KD 213.4 million (USD 712.1 million), reflecting healthy growth trends driven by all business lines and segments” Al Sayer added.

Al-Sayer also added that “Economic indicators remained positive in Kuwait as capital spending continued to be a key driver of economic activity for the domestic market. Kuwait’s fiscal position is better than peers given the substantial buffers and strong sovereign ratings; creating room for acceleration in spending despite lower oil prices”.

NBK’s robust financial position, strong franchise, diversified business model in addition to its regional and global presence, has positioned the Bank as the country’s foremost financial provider and the largest beneficiary of the growing government expenditure”. “Additionally, and in line with our commitment to the economic development of Kuwait; NBK remains highly committed to its corporate social responsibly being consistently the largest contributor to the community year after year”. Al-Sayer highlighted.

Isam Al-Sager, NBK’s Group Chief Executive Officer said; “the solid results of NBK reflect a period of strong growth and robust operating performance. Given the Bank’s adequate capitalization, stable funding and ample liquidity conditions; NBK continues to benefit from emerging opportunities locally and regionally, affirming the Bank’s income diversification strategy and improved profitability trends”.

“Islamic banking remains a key element in the Group’s growth and diversification strategy. Our unique Islamic banking presence has further strengthened our position across business segments in Kuwait as Boubyan Bank continues to drive the growth on the Islamic Banking front. The acquisition of a 58.4% stake in Boubyan Bank in 2012 was a long-term strategic move by NBK. Boubyan Bank can serve NBK’s Islamic banking ambitions globally as we continue to see very positive momentum at Boubyan Bank.

“On the other hand, NBK prides itself to be a well-diversified financial institution; not only by product offerings but also by geography. NBK’s International operations remained highly profitable contributing 27% of the Group’s total profits in the first quarter of 2018. This affirms the Bank’s consistency with its strategic outlook towards income diversification. All of our key markets have been strongly performing with the integration and cross selling opportunities emerging in different areas”. “Our key growth markets regionally are KSA, UAE along with Egypt and we continue to identify organic growth opportunities in international markets. In 2018, we plan to expand our branch network in Saudi Arabia to three branches from one branch currently, in addition to offering wealth management services in the Kingdom through a Saudi CMA licensed entity.

The Group maintained best in class capitalization positions. As of end-March 2018, NBK’s capital adequacy ratio (CAR) reached 17.3%, comfortably exceeding regulatory requirements.

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 risk 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 twelve consecutive times and was awarded as the Best Bank in Kuwait in 2017 by the Banker, Euromoney and Global Finance.

NBK enjoys the widest banking presence with a local and international network reaching 4 continents. NBK’s international presence spans many of the world’s leading financial centers including New York, Europe, Singapore and China; in addition to its presence in MENA.

----- END -----

About National Bank of Kuwait (NBK):

NBK was founded in 1952 as the first indigenous bank and the first joint stock company in Kuwait and the Gulf Region. NBK reported net profits of USD 1,068.3 million (KD 322.4 million) for 2017. NBK's total assets were USD 86.3 billion (KD 26.0 billion) at the end of 2017, while shareholder equity stood at USD 9.5 billion (KD 2.9 billion).

NBK is the largest financial institution in Kuwait with effective market dominance in the commercial banking market and has been consistently awarded the highest credit rating of all banks in the region from Moody's, Standard & Poor's, and Fitch Ratings. NBK also stands out in terms of its local and international network, which includes branches, subsidiaries and representative offices in China, Geneva, London, Paris, New York, and Singapore alongside its regional presence in Lebanon, Jordan, Egypt, Bahrain, Saudi Arabia, Iraq, Turkey, and the UAE.

NBK’s Long-Term Rating:

Fitch RatingsAA-

Standard & Poor’sA+



Kuwait: NBK appoints Mohamed Al Othman as General Manager, Consumer Banking Group

07.04.2018

National Bank of Kuwait (NBK) announced the appointment of Mr. Mohammed Al Othman as the General Manager, Consumer Banking Group after receiving the necessary approvals from the Central Bank of Kuwait (CBK).

Al-Othman's appointment as General Manager, Consumer Banking Group is a testimony of the stability and readiness of the bank's management team in preparing its succession strategy. It also shows at the same time NBK’s continued commitment to supporting young national leaders and promoting them to positions that matches their abilities and expertise.

Mr. Al-Othman has 16 years of banking and regulatory experience which is a great asset to the bank in achieving its objectives and strategic plans to affirm its leadership position in the consumer banking sector. Al Othman graduated from Kuwait University in 2002 and started his career at one of the Kuwaiti banks before joining NBK as Branch Manager in February 2006. He was later promoted to Area Manager in February 2009, Assistant Branch Manager in January 2012, Branches Manager in January 2014 and Assistant General Manager of Consumer Banking Group.

Mohammed Al Othman was appointed as Assistant General Manager, Consumer Banking Group in August 2014, he is also the Chairman of the board of KNET since February 2015. Al Othman joined the Executive Leadership Training Program at Harvard School of Business in Boston in 2014-2015, in addition to receiving a Harvard graduate degree in 2017.

NBK maintains its continuous leadership through a line of successive generations of leaders who are always ready to assume leadership positions whenever needed. Since its establishment, NBK has set a unique model for national talents development. Several consecutive generations of banking executives in Kuwait have joined NBK, allowing the bank to leave its unique imprint as the leading financial and banking school where many of the banking leaders, now leading the local banking and financial institutions, have graduated.  



Kuwait: NBK celebrates International Children’s Book Day at its Specialty Hospital

05.04.2018

On the occasion of International Children’s Book Day, National Bank of Kuwait (NBK) organizes reading and storytelling sessions at its Children’s Specialty Hospital and the Stem Cell Therapy Unit, as part of its social responsibility program towards the patients.

The reading sessions were organized in collaboration with “Papaya Space” team who distributed stories and arranged different intellectual games for children to experience. Children chose their favorite books and shared them with NBK team to read and discuss.

The storytelling sessions are a creative way to celebrate this international day. It’s an approach to inspire a love of reading and to call attention to children's books. It’s worth mentioning that International Children's Book Day is a yearly event sponsored by the International Board on Books for Young People

NBK is committed to support its Specialty Hospital Project by promoting initiatives and events all the year round. This is part of the bank’s social responsibility to fulfill the children’s time and entertain them while undergoing treatment.

The event come as part of a fun-program dedicated to the children at the NBK Specialty Hospital and extends all year long. This fun program includes also a library, movie night, activities for the medical staff such as the “nurse of the month”, interactive expression day and fun events that are organized occasionally.

 NBK’s initiative reflects the bank’s high sense of duty and responsibility towards the community and helping those in need. 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 Kuwait`s society.

NBK’s Stem Cell Therapy Unit is the first children’s bone marrow transplant center in Kuwait. The new center is the largest corporate social responsibility donation in Kuwait and will expand the hospital’s ability to treat children with cancer and blood diseases.



Kuwait: Earn Travel Rewards with NBK Miles World Mastercard

04.04.2018

If you’re a jetsetter who can’t get enough of the skies, you can enjoy your trips even more, with the NBK Miles World Mastercard. Travel with ease of mind and enjoy your holiday while earning points and accessing the best airport lounges around the globe.

The NBK Miles World Mastercard gives you supreme flexibility. You can redeem your NBK Miles Points to book flights with more than 800 airlines, 150,000 hotels, and renowned car rental agencies around the world. When encashing Miles, Cardholders can fly to any destination on any airline, from any point of origin, and at any time of the year. New cardholders receive 10,000 free bonus points upon using their new NBK Miles World Mastercard for the first time.

“NBK’s Miles World Mastercard program is very convenient, as it allows customers to redeem points and plan their entire trip from: booking tickets to hotel accommodation, and even car rentals. It also gives them access to the best lounges across the globe, among many other benefits. The program is really rewarding and promising” Said Hanadi Khazal, Assistant General Manager- Consumer Banking Group, National Bank of Kuwait.

NBK Miles World Mastercard credit card holders earn 3 NBK Miles Points for each KD 1 spent in Kuwait and 5 NBK Miles Points for each KD 1 spent while traveling abroad. You earn points while redeeming miles and the redeemed miles can be used to book travel anywhere and anytime. Even ticket taxes can be paid using your miles points. There are no blackout dates, and no limit on the number of seats.

Cardholders will also be eligible for the NBK Rewards Program, the largest loyalty program in the region with more than 700 partner outlets in fashion, dining, lifestyle and entertainment.

The Miles World travel program is also open to NBK Visa Signature, NBK World Elite Mastercard and NBK Visa Infinite credit card holders. Numerous other benefits include travel insurance, free valet parking, concierge service, travel offers, discounts and much more.

Customers can learn more about NBK credit cards by visiting the award-winning redesigned NBK.com website. Check out the ‘Right for me’ comparison tool to help choose the right card to receive the rewards, promotions and benefits that suit your individual lifestyle, banking and travel needs. https://nbk.com/kuwait/personal/cards/right-card.html



Kuwait: The General Department of Traffic honors NBK

03.04.2018

The General Department of Traffic honored National Bank of Kuwait (NBK) for its support during the GCC traffic week.

NBK Public Relations Executive Manager, Abdulmohsen Al Rushaid received Colonel Ibrahim Soud Al Jallal, Captain Yousof Abdullateef Rabah and Line Officer Ali Taha Bou Rabiei at NBK. The General Department presented a trophy in appreciation to the bank’s annual contribution in this occasion.

In his turn, Al Rushaid praised the efforts showed and great dedication as well as the helpful hand offered to NBK team during the bank’s initiatives all year round.

NBK has a long tradition supporting social and community oriented activities in the country. NBK continues to promote a range of philanthropic missions and social welfare programs as part 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.



Kuwait: NBK celebrates World Autism Awareness Day at Center 21 for young adults with special needs

01.04.2018

National Bank of Kuwait (NBK) celebrated World Autism Day at Center 21 for young adults with special needs. NBK is the strategic partner of the center and this initiative comes in line with NBK’s commitment towards corporate social responsibility.

World Autism Awareness Day is an internationally recognized day on April 2nd, every year. Autism is a highly variable neurodevelopmental disorder that appears during infancy or childhood. It is distinguished by a characteristic triad of symptoms like impairments in social interaction; impairments in communication; and restricted interests and repetitive behavior.

“NBK’s partnership is part of its ongoing drive to fulfill its corporate social responsibilities”, said Joanne Al Abdul Jaleel, NBK Public Relations Officer. “NBK endeavors to shoulder its social responsibilities and share with the various private and public sector institutions the burdens and responsibilities of broader national efforts towards social advancement”.

Al Abdul Jaleel added “NBK's support to Center 21 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 and educational developmental issues.”

Center 21 is the first of a kind in Kuwait dedicated to serve and support young adults with special needs over the age of 21. It provides complete and sophisticated services for young adults. The center’s activities varies from entertainment, field trips, development courses, rehabilitation sessions in addition to development services as physical therapy, speech therapy, occupational therapy focus skills , nutritional counseling and encouraging self-reliance and independence.

NBK has a long tradition supporting social and community oriented activities. NBK’s corporate social responsibility programs cover a range of education, environment, health, philanthropic, social and sports-related initiatives.



Kuwait: NBK Hosts Dinner for Automotive Dealers

31.03.2018

National Bank of Kuwait thanked the leadership and senior salesmen of major automotive dealers in Kuwait for their hard work, continued efforts and excellent customer service during a recent event. NBK invited executive leadership, general managers, showroom managers, and top salesmen to an exclusive dinner organized for them at Kuwaiti restaurant, Dar Hamad in Salmiya on March 27, 2018.

“NBK greatly appreciates and values our partnerships with local car agencies and the leadership, salesmen and staff that make working together seamless and a winning combination for customers,” said Mohammed Al Othman, Acting General Manager of Consumer Banking Group, National Bank of Kuwait. “With their aid and support, NBK is able to offer car buyers the best customer service and support on the spot, with maximum efficiency and responsiveness.”

Al Othman thanked the attendees, highlighting the positive and unique relationship between NBK and local car agencies.

“We work on special promotions and joint campaigns with the agencies to provide the best customer experience,” Al Othman continued. “This creates added value and benefit for the customer at the agency and with NBK. We look forward to maintaining a good relationship with all agencies for many years to come.”

NBK management attended the event and trophies were presented to dealership management teams in recognition of and appreciation for their continuous support.

Abdullah Al Faras, Head of Direct Sales, Consumer Banking Group, National Bank of Kuwait, who also presented the awards to automotive dealers, expressed his gratitude for the strong and prosperous cooperation between automotive dealers and NBK. He thanked the awardees for their support, trust and success in offering the best to customers.

NBK provides on-site representatives in many local car dealerships, offering salesmen and customers help and support. Car agencies partnered with NBK provide distinctive customer-centric approaches and special offers, making the car buying experience pleasant, affordable and easy.



Kuwait: NBK celebrates the spring season with children at NBK Specialty Hospital and Stem Cell unit

30.03.2018

National Bank of Kuwait (NBK) celebrated the season of spring at its Specialty Hospital and Stem Cell Therapy Unit.

The celebration comes as part of a program designed for the children undergoing treatment. Children took part in creating a colorful spring wall where they created and designed their own artistic flowers and hanged it on the spring wall.  

“NBK is keen on sharing this occasion with children as it symbolizes new beginnings,” said Joanne Al Abdul Jaleel, NBK Public relations Officer. “Spring is the promise that everything can begin again, children are very smart emotionally to get the spring vibes and move on seeking new beginnings after their treatment.”

Al-Abduljaleel added, “The spring season celebration filled the hearts of children, nurses and doctors who took part in this occasion to create their own flowers and hang it on a festive wall featuring a beautiful nature”.

“We take great pride today in celebrating with our children at the Specialized Hospital and the Stem Cell Therapy Unit,” noted Al Abdul Jaleel. “NBK has always considered supporting the children an essential part of its social and philanthropic outreach.”

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.

Moreover, a doctoral committee from the hospital chose the best performing nurse for the month of March to be honored by NBK, as part of this annual program that aims at encouraging team work and dedication.

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

NBK’s Social initiatives reflect the Bank’s high sense of duty and responsibility towards the community. 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 Kuwait`s society.



Kuwait: NBK welcomes students from Om Al Hikam High School

29.03.2018

National Bank of Kuwait (NBK) recently hosted students from Om Al Hikam High School for girls, who toured the bank’s head office to learn about the banking industry and the dayـtoـday work of the bank’s various departments.

NBK Communications team accompanied the students on their tour to the bank’s various departments including the banking hall, and different banking departments. The students had the chance to learn about the broad range of NBK financial and banking products and services and were particularly interested in the multiـbenefit of AlـShabab account exclusively designed for high school, college and university students.

As part of the tour, the students visited NBK museum where they had the chance to learn about Kuwait’s history, key national historical events in addition to NBK’s establishment story. The students also were introduced to NBK’s Public Relation’s responsibilities.

NBK supports fresh graduates and Kuwait’s youth, listens to their interests and issues and offers a range of products and services to satisfy their needs.

The tour is part of NBK’s ongoing commitment to its corporate social responsibility program and to promoting the education and development of the country’s youth. Other initiatives include providing summer training programs for students, hiring fresh graduates and offering professional development programs for new hires.



Kuwait: NBK Announces Quarterly Al Jawhara Winner of KD 250,000

28.03.2018

National Bank of Kuwait announced Binah Mohammad Al Ajmi as the Al Jawhara winner of KD 250,000, which is considered the biggest in the Al Jawhara draw.

Since 2012, National Bank of Kuwait has rewarded loyal customers with Al Jawhara weekly, monthly, and quarterly prizes reaching up to KD 2,200,000 yearly.

Binah Mohammad Al Ajmi was announced as the winner of the Al Jawhara Quarterly prize live on air during a draw that took place at FM 88.8 Kuwait Pulse Radio Station on Tuesday, 27 March 2018 at 1:30 p.m. The draw was held in the presence of representatives from the Ministry of Commerce & Industry, as well as representatives from the National Bank of Kuwait. 

Binah Mohammad Al Ajmi commented on winning this valuable price, declaring her happiness and thanking NBK for this prize and for always delivering the best rewards and services to customers.

During March 2018, NBK has awarded three KD 5,000 weekly winners of the Al Jawhara: Abrar Suliman Husain Almousa, Ahmed Mohammed Al Ali, Afaf Ahmad Al Amer.

Al Jawhara weekly, monthly, and quarterly draws are all conducted in the presence of a representative from the Ministry of Commerce & Industry and the name of all the winners are announced. NBK believes in rewarding its most loyal customers through transparent prizes and promotions as part of its long term strategy to create lasting relationships with customers built on trust and confidence.

For every KD 50 deposited into an Al Jawhara account, the account holder receives one chance in the draw.  Al Jawhara account holders are automatically entered into draws for the KD 5,000 weekly, KD 125,000 monthly and KD 250,000 quarterly grand prizes.

Customers must have a minimum opening balance of KD 400 and a maximum of KD 500,000. If no withdrawal or transfers occur in the account during the required period, customers will get an additional 1 extra chance for each KD 50 held in the account and double their chances of winning. 

The National Bank of Kuwait offers a variety of cash prizes and rewards as part of its long term focus on building lasting relationships with customers.

To learn more about NBK’s Al Jawhara account, visit http://www.kuwait.nbk.com/personal/accounts/aljawhara_en_gb.aspx



Kuwait: NBK Hosts College of Engineering Students from Kuwait University

27.03.2018

National Bank of Kuwait (NBK) recently hosted students from the College of Engineering and Petroleum of Kuwait University in a visit to its new headquarters. The visit comes in line with NBK’s vital role in supporting students.

The visitors from the Civil Engineering Department had a tour in the new building to learn more about the features of this state-of-art, environmentally friendly project.

NBK Engineering Department and Public Relations team accompanied Dr. Ruqaya Al Salman Al Sabah and the students on their tour of the bank’s new headquarters. The engineers and supervisors of the project gave the students a brief presentation about the concept of the environmentally friendly building and its stage of production. The project proposes a prominent addition to the skyline of Kuwait City for its iconic design and magnitude

NBK continuously supports Kuwait’s youth and listens to their feedback. It always offers a range of initiatives as part of its Corporate Social Responsibility to support the education and development of the country’s youth. NBK also offers many educational initiatives and training programs for students, fresh graduates and the newly hired.



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

25.03.2018

National Bank of Kuwait (NBK) has been awarded the “Best Private Banking Services for 2018” in Kuwait, in Global Finance’s Annual Survey on top global banks in wealth management and private banking services, for the second consecutive year.

Mr. Mahmoud Ezzedine, NBK's Deputy General Manager, Private Banking Group, Said “Global Finance’s Annual Survey data was compiled from the industry’s experts and analysts worldwide.

“Awarding NBK the title of "Best Private Banking Services" in Kuwait for the fourth consecutive year reflects the constant confidence the customers vest in NBK and their appreciation of the superb quality of its services and products,” said Ezzedine. “This award is another testimony of NBK`s leading position as the highest-rated bank in the Middle East and among the 50 safest banks in the world.”

Ezzedine 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 Ezzedine.

“I 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,” said Ezzedine.



Kuwait: NBK brings the SWIFT gpi service to Kuwait

24.03.2018

National Bank of Kuwait announces that it has successfully completed its SWIFT Global Payments Innovation (gpi) testing and is ready to launch the service. As a pioneer bank in Kuwait and the region, NBK joins the global gpi community consisting of more than 150 banks. NBK achieved this milestone after passing the rigorous testing phase.

SWIFT-gpi is the new payments standard for cross-border payments, that joins together all payment intermediaries via a cloud-hosted interface that makes it now possible to fully track and prove the time it takes for a payment sent from end client A to end client B through the gpi-active financial institutions involved in a payment chain.

Mohammed Al Khorafi, General Manager- Operations Group at NBK said: “This is another area of advancement of NBK in technology innovations and an assertion of our strategy to remain consistent with the most advanced international standards as the leading Bank in Kuwait.

He added It improves efficiency, it’s a step forward to better services for clients and better communication and reconciliation. NBK continues to enhance the excellence of the banking sector in Kuwait.”

Mr. Onur Ozan, SWIFT Head of Middle East, Turkey and North Africa, said: “We are delighted that NBK has completed the SWIFT gpi testing phase and is now ready to go live on the service. With SWIFT gpi, NBK will offer its customers more certainty, transparency and traceability in their cross-border payments. We look forward to seeing more Middle Eastern banks go live on SWIFT gpi in the months to come and encourage all banks in the region to adopt this new standard for cross-border payments.

This new messaging technology available to the SWIFT GPI community and member banks only, has led to a digital transformation of cross border payments and ultimately focuses on significantly improving customer service and satisfaction.  By connecting every intermediary in the payment chain, SWIFT- gpi grants each party visibility of a payment status, unaltered remittance information and transaction costs and also delivers greater traceability and transparency allowing banks to instantly check the status of payments.

NBK clients will benefit from same day transfer and use of funds, as well as reduced timelines and transparency on fees along with enhanced security. As a next phase of this initiative, NBK is working to extend this facility to its esteemed clients for self-service tracking of payments; this is good news especially for corporate clients as it reduces the time and costs spent on investigations, allowing them to speed up supply chain and reduce risk, track important payments and easily reconcile payments and invoices.

NBK constantly endeavors to adopt the latest innovations in technology to better service its clients worldwide. Launching SWIFT- gpi raises the standards of international payments, reduces operational burden and creates efficiency in treasury and reconciliation of payments.

It also increases security in cross border payments as it identifies the various steps that the payment is going through and ensures that transaction details are not altered.

The future direction of SWIFT- gpi to introduce capability to stop and recall payments immediately, reduces cases of errors and fraud, and will add more comfort to NBK’s clients and affirm the commitment of NBK to Kuwait’s Banking sector as the leading bank in Kuwait.

NBK continues to collectively enjoy the highest credit ratings 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 risk management, in addition to its highly recognized and very stable management team. NBK also maintains its position among the 50 safest banks in the world for the twelfth consecutive year.

NBK Group has the widest banking presence in 4 continents worldwide. NBK’s international presence spans many of the world’s leading financial centers including London, Paris, Geneva, New York and Singapore, as well as China (Shanghai). Meanwhile, regional coverage extends to Saudi Arabia, UAE, Bahrain, Lebanon, Egypt, Jordan, Iraq, and Turkey.



Kuwait: NBK Celebrates Moms with Live Radio Event & Valuable Prizes

23.03.2018

National Bank of Kuwait builds lasting and loyal relationship with customers by providing new and innovative activities, events and promotions. On the special occasion of Mother’s Day, NBK organized a radio activity that included a live, on-air competition and many valuable prizes.

The NBK Mother’s Day event was held on Radio FM 88.8 Kuwait Pulse in Diwaniyat Al-Yaqout and Al-Ansari with hosts Talal Al-Yagout and Khaled Al-Ansari on March 19, 2018.  Listeners had the opportunity to win valuable prizes from popular brands including Abriez, Beidoun, Brigitte Khoury Beauty Lounge, Gizele, M Flowers, Six Senses Spa and ITL World.

Questions for the competition focused on the popular NBK Laki Titanium Mastercard Credit Card, which is especially designed for women. Listeners enjoyed the event which also included a live interview with, Sara Al Doukhi, Consumer Banking Group, National Bank of Kuwait, who spoke about the Laki Titanium Credit Card and the benefits it offers to female consumers.

“NBK recognizes the role mothers play in all facets of Kuwait’s society. Laki Titanium is the perfect card for moms because it was custom designed with special promotions and offers that specifically target women’s needs,” said Al Doukhi.

Some of the benefits offered by Laki Titanium exclusively for women include: complimentary airport lounge access, free valet parking, concierge service, flexible repayment options, free travel insurance, cash advance, and access to many reward offers and promotions.

NBK Laki Titanium Mastercard holders enjoy a glamorous, high-end lifestyle with dining, travel and shopping, all made easier with customized offers from NBK Rewards and Mastercard. Laki Titanium card holders receive 20% off Careem rides; offers at hundreds of restaurants, attractions, cafes and more not just in Kuwait but in the Middle East and Africa. .

The NBK Laki Titanium Mastercard credit card is the first card of its kind in Kuwait, designed exclusively for today’s modern woman. Learn more about it and other great credit cards at NBK.com.



Kuwait: NBK Family celebrates Mothers’ Day at “Dar Al Shifaa” Hospital

22.03.2018

National Bank of Kuwait’s (NBK) family paid a visit to “Dar Al Shifaa” Hospital to celebrate Mothers’ Day with mothers and their newborns.

Farah Bastaki, NBK Public relations officer, said “Through this initiative we seek to deliver a message of appreciation to all women and mothers. This celebration is dedicated as well to working mothers. NBK team distributed flowers and chocolate to mothers and their newborns to show appreciation towards their sacrifices and efforts.”

 “ NBK is always keen on being present with women to support and encourage their vital role in the society. NBK is in the forefront to support women empowerment through encouraging them to achieve higher ranks at work or through community shared initiatives.”

NBK’s visit to the mothers at Dar Al Shifaa hospital reflects the bank’s high sense of duty and responsibility towards all sectors of the 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’s society.



Kuwait: NBK Salary Portal Makes Paying Staff Salaries Easy & Convenient

21.03.2018

National Bank of Kuwait provides customers with the most convenient and efficient products and solutions especially tailored to suit their personal and business banking needs. NBK’s innovative salary portal service provides a simple, easy and secure solution for business owners to pay salaries and comply with all Ministry of Social Affairs and Labor reporting requirements.

“NBK is always looking for simple and convenient solutions to make banking easier and more efficient for our customers,” said Faisal Al-Fulaij, Deputy Head of Business Banking National Bank of Kuwait, “We take a lot of time to know our customers’ needs and create innovative, easy-to-use products to that end.”

The NBK Salary Portal is simple and straightforward. Companies can transfer monthly allowances or salaries each month with the click of a button from the comfort of their own home or office.

The salary portal processes the salaries and creates a record of the payments which is then automatically reported to the Social Affairs and Labor Ministry. This reduces the monthly hassle for businesses to maintain compliance with government regulations and also makes the process easier to track, reducing errors or inconsistencies. Processing via the portal saves both time and money. The fee is KD 1 per salary as opposed to a KD 2 process fee using the salaries unit.

NBK offers a variety of products and services specifically designed for local Small and Medium Enterprises (SMEs) and multinationals doing businesses in Kuwait.

NBK Business Banking also offers point of sale, business credit cards, online banking, insurance, business loans, letters of credit and guarantee and local bills.

Additionally, NBK has 13 dedicated Business Banking hubs at branches around the country including: Head Office, Surra, Shuwaikh, Al Tadamoun, Mubarak Al-Kabeer, Jabriya, Arraya Tower 2 (fifth floor), Fintas, Salwa, Sharq , Al Ghazzali, Ras Salmiya and Hawally. Specialized relationship officers are dedicated to serving the needs of Business Banking clients. Clients will also have access, via their relationship manager, with experts in Credit, Investment Banking, Trade Finance and Treasury.

Customers can complete all their necessary business banking transactions in a seamless, efficient and convenient way. Visit NBK.com to learn more about NBK’s Salary Portal service and other Business Banking products and services.



Kuwait: NBK organizes a flower work shop for children at NBK’s Specialty Hospital and Stem Cell Therapy Unit

20.03.2018

On the occasion of Mothers’ Day, National Bank of Kuwait (NBK) organizes a flower work shop at the Children’s Specialty Hospital and the Stem Cell Therapy Unit, as part of its social responsibility program towards the patients.

Titled “Design a Flower Pot”, the workshop was organized in collaboration with “M Flowers” team who provided the children with ready shaped pots and flowers to arrange and dispose. Children chose their favorite flowers and arranged them in the way that expresses their creativity and the passion towards their mothers, doctors and nurses.

NBK Public Relations, Assistant General Manager, Manal Al Mattar congratulated the mothers, doctors and nurses on the occasion of mothers’ day. “This workshop is a creative way to celebrate this day. It’s an approach where children express love and devotion to their closest and dearest persons who are always with them during their therapy”.

“NBK is committed to support its Specialty Hospital Project by promoting initiatives and events all the year round. This is part of our social responsibility that we are proud to be upholding to satisfy our beloved children”, added Al Mattar.

The event come as part of a fun-program dedicated to the children at the NBK Specialty Hospital and extends all year long. This Fun Program includes a library, a reading corner, storytelling sessions, activities for the medical staff such as the “nurse of the month”, interactive expression day, fun events and a movie night activity that are organized occasionally.

 NBK’s initiative reflects the bank’s high sense of duty and responsibility towards the community and helping those in need. 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 Kuwait`s society.

It’s worth mentioning that NBK’s Stem Cell Therapy Unit is the first children’s bone marrow transplant center in Kuwait. The new center is the largest corporate social responsibility donation in Kuwait and will expand the hospital’s ability to treat children with cancer and blood diseases.



Kuwait: Special Discount on NBK Tap & Pay Wristbands and Stickers

19.03.2018

National Bank of Kuwait brings innovative and secure technology to the people of Kuwait. Tap & Pay technology, including stickers and wristbands, are a part of the bank’s initiative to introduce ground-breaking, highly secure payment solutions that make customer transactions simpler and easier. NBK Tap & Pay gives customers the ability to make small purchases without signing or using a PIN with a mere tap of the sticker or wristband, for a faster and more efficient checkout experience.

Wear your Tap & Pay wristband or place a Tap & Pay sticker on your mobile while jogging, running errands or even walking around the park and pay for small purchases up to KD 100, without the need to carry a wallet.

As part of special promotion campaign, NBK is offering its popular Tap & Pay wearables for a special fee of KD 12 at less than half the price of KD 25, to give customers an opportunity to experience this stylish, convenient, safe and innovative technology for themselves. This special offer is available in NBK branches at The Avenues, Grand Avenues, Surra, Qurain, KNPC, Al-Hamra and Mishref. You could also order over the phone by contacting the NBK Call Center.

 “We’ve launched this promotion, offering a discount on Tap & Pay Wristbands and Stickers, to give customers a chance to try it out and discover how much easier this stylish and innovative payment technology makes their lives. Tap & Pay technology is convenient to use, seamless and simple. It makes small payments easy and safe while enhancing the checkout experience”. Explained Naser Alduwaisan, Cards Products Officer, National Bank of Kuwait.

More than 7,000 restaurants, shops, entertainment centers, coffee shops and lifestyle brands now accept the NBK Tap & Pay service in Kuwait, in addition to different locations around the world. So you will always have opportunities near you to pay in style.

The NBK Tap & Pay service is currently available for, Credit, Debit, and prepaid cards from NBK. Customers can also avail of special rewards and promotions depending on the card. Call 1801-801 to learn more and order your Tap & Pay wearables today.



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

18.03.2018

National Bank of Kuwait (NBK) sponsored the Flare sports festival for the second 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:”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”.

“The competition participants were for public and University students. NBK’s booth witnessed various sports challenges and distributed rewards to the winners and participants”, added Al Rushaid. “The purpose of this event is to increase fitness awareness for all Kuwait citizens. This event shed light on the potential of youth in regards to fitness and sport awareness”.

The Flare sports festival included sports challenges that attracted more than 800 participants from professional sports players. 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.



Kuwait: NBK is the Diamond Sponsor of KIF 2018

17.03.2018

National Bank of Kuwait’s (NBK) announced that it would participate as the Diamond Sponsor of “Kuwait Investment Forum” (KIF) 2018 organized by Kuwait Direct Investment Promotion Authority (KDIPA), and the Kuwait Chamber of Commerce and Industry (KCCI) on March 20th and 21st, 2018 at Sheikh Jaber Al Ahmad Cultural Centre. The event is held under the patronage of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah who attended the forum with the presence of Mr. Isam Jassem Al-Sager, Group Chief Executive Officer, National Bank of Kuwait as well as a number of high-ranking government officials, local and foreign investors as well as industry leaders. The gathering will discuss a wide range of business opportunities and challenges that might face government initiatives launched as part of “Kuwait Vision 2035”.

KIF 2018 aims to showcase potential lucrative strategic investment and local investment environment in recent years in terms of legislations, regulations and opportunities. NBK's sponsorship is part of its pioneering role in actively contributing to enhancing and developing the business environment in Kuwait through its continuous participation in vital economic meetings and conferences to discuss and present the required ideas and visions to develop and support the national economy.

The forum will consist of five discussion sessions with focus on the following topics: Investment in Future Kuwait, Trade Facilitation: A Driver for Development, Investing in Youth – Creativity & Technology, Investment Opportunities: Lucrative Options in Dynamic Sectors, Financing for Sustainable Development, as well as the closing session on Dialogue On “Kuwait Development Path: The Vision & The Determination”.

Mr. Isam Jassem Al-Sager, Group Chief Executive Officer, National Bank of Kuwait will participate in the fourth discussion session, which will take place on the second day of the forum, titled “Financing for Sustainable Development”. Participants include Dr. Mohammad Yousef Al-Hashel, Governor of the Central Bank of Kuwait, Mr. Mishaal Al-Usaimi, Vice Chairman of the Board of Commissioners and acting Managing Director, Capital Markets Authority, Mr. Hamad Al-Marzouq, Chairman, Kuwait Finance House, Mr. Jason Channell, Managing Director and Global Head of Energy & Cleantech, Citi Research.

Various topics will be discussed including: The banking system and advancing financing and investment channels, Upgrading Kuwait Bourse and the role of CMA in diversifying investment tools. Banking Industry and Challenges of Fintech, Financing Investments: (Credit & Guarantees), and Foreign Banks experience in Kuwait.

KIF in its second edition provides an excellent platform to showcase Kuwait’s economic scene and potential lucrative investment partnerships and strategic investment opportunities in vital sectors and their promotion to attract Arab, Gulf and International investors.

 NBK is a key supporter of events and conferences aimed at developing the national economy through its active participation utilizing its skillful banking expertise and vision to positively contribute to the topics raised in such events.



Kuwait: NBK welcomes students from Saleh Shehab Secondary School

16.03.2018

National Bank of Kuwait (NBK) recently hosted students from Saleh Shehab Secondary School, who toured the bank’s head office to learn about the banking industry and the dayـtoـday work of the bank’s various departments.

The students had the chance to learn about the broad range of NBK financial and banking products and services. As part of the tour, the students visited NBK museum where they had the chance to learn about Kuwait’s history, key national historical events in addition to NBK’s establishment story.

NBK Communications team accompanied the students on their tour to the bank’s various departments including the banking hall, and different banking departments. The students also were introduced to NBK’s Public Relation’s responsibilities.

The tour is part of NBK’s ongoing commitment to its corporate social responsibility program and to promoting the education and development of the country’s youth. NBK regularly hosts students on field trips from both public and private schools in Kuwait and provides them with information about the banking industry and career opportunities.



Kuwait: NBK organizes fun-creative events for children at NBK’s Specialty Hospital

15.03.2018

As part of its social responsibility program at the Children’s Specialty Hospital and the Stem Cell Therapy Unit, National Bank of Kuwait (NBK) carried out fun-creative events to support children while they get their treatment.

The first event titled “Create Your Own Moneyboxes” was organized in collaboration with “The Craftery” team who provided the children with ready shaped money boxes and the kids had the opportunity to choose and color them. Doctors and nurses participated in this event and shared the moments with their young patients.

“Let’s Paint” was another initiative that was held for children at the hospital. A talented artist from NBK staff volunteered to conduct a workshop on watercolor basics for the children and teach them how to paint.

The two events aimed at inspiring the children and encouraging them to use their imagination and enjoy what they achieve from their own talent.

The two initiatives come as part of a fun activity program that extends all year long and includes a library, a reading corner, storytelling sessions, activities for the medical staff such as the “nurse of the month”, interactive expression day, fun events and a movie night activity that are organized occasionally.

The fun activity program is a part of NBK’s social responsibility towards children and keenness in supporting them while they get their treatment.

 NBK’s initiative reflects the bank’s high sense of duty and responsibility towards the community and helping those in need. 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 Kuwait`s society.

It’s worth mentioning that NBK’s Stem Cell Therapy Unit is the first children’s bone marrow transplant center in Kuwait. The new center is the largest corporate social responsibility donation in Kuwait and will expand the hospital’s ability to treat children with cancer and blood diseases.



Kuwait: NBK participates in KNPC’s Talent Management Program

14.03.2018

The National Bank of Kuwait (NBK)recently took part in the conclusion ceremony of the 2017-2018Talents Management Program organized by Kuwait National Petroleum Company (KNPC) for its employees. Speaking on the occasion, NBK’s Human Resources Manager Emad Ahmed Al-Ablani reviewed the program’s effects on the employees and the bank’s continuous local, regional and international achievements.

“It is talented individuals who make positive differences,” he said noting that talent management is an integrated strategy formulated to deal with its employees and utilize all their potential.

Al-Ablani added that major firms always maintain their leadership through preparing new generations of leaders to be ready to take over when the time comes.

He added that NBK is always keen on spreading the culture of development and developing its human resources and talents. “Ample, efforts, time and resources are dedicated to provide our employees with vocational workshops and training,” he added.

Concluding the ceremony, KNPC’s CEO Mohammed Ghazi Al-Mutairi presented a trophy to NBK in appreciation of it role in conducting the program.



Kuwait: Win a trip to the UEFA Champions League Final match Exclusively with NBK

13.03.2018

National Bank of Kuwait, in exclusive collaboration with Mastercard, will present three lucky winners the experience of a lifetime with an all-expenses paid trip to the UEFA Champions League Final match in Kiev, Ukraine in May 2018. Football fans will get the most out of every KD spent and enjoy the thrill of attending Europe’s most popular sporting event.

“We always strive to show our appreciation by rewarding our Credit Cardholders with the most exciting and amazing opportunities,” explained Hanadi Khazal, Assistant General Manager- Consumer Banking Group, National Bank of Kuwait. “We’ve teamed up with Mastercard for this incredible UEFA Champions League package because it’s exactly the kind of reward our customers enjoy.”

A key aspect of NBK’s long-term strategy focuses on a customer-centric approach, recognizing and appreciating customers’ loyalty with exciting packages and offers exclusive to NBK.

3 lucky winners, along with a friend, will receive round trip tickets to Kiev, tickets to the UEFA Champions League final match, accommodation in a five star hotel and ground transportation. Winners will be chosen on May 3, 2018.  

The UEFA Champions League competition is one of the most prestigious, globally recognized football matches and is immensely popular in Kuwait and in the Middle East.

NBK customers can enter the draw by spending locally, internationally or online with their NBK Mastercard Credit Card. Customers get 1 draw entry for every cumulative KD 1 spent locally, 3 draw entries for every KD 1 spent internationally (including international websites and international cash advance transactions). A minimum spend of KD 100 is required to be entered into the draw.

Mastercard Classic, Mastercard Gold, Titanium Mastercard, Laki Titanium Mastercard, Platinum Mastercard, Miles World Mastercard, World Mastercard and World Elite Mastercard are NBK’s Credit Cards eligible for the draw.

NBK Mastercard Credit Cards offers customers some of the choicest benefits and privileges including free access to airport lounges around the globe, free travel insurance, free valet parking, local concierge service, amazing rewards, discounts and instant cashback with NBK Rewards loyalty program and many more exclusive lifestyle offers, it also offers “Mastercard For You” and “Buy one get one” mobile applications.

To learn more about this exciting offer and all the benefits of NBK Mastercard credit cards visit NBK.com.



Kuwait: NBK the Only Bank in Kuwait to Offer 3 Luxurious Prize Packages for FIFA World Cup Final Match

12.03.2018

If you’re a football fan and want a chance to win an all-expense paid trip to experience the FIFA World Cup final match in Moscow on July 15, 2018; don’t miss your chance with National Bank of Kuwait.

Every time you use your NBK Visa card, you earn a chance to enter the draw and a chance to win. Grand prize package for two includes: Business class flights, tickets to the FIFA World Cup Russia Final match, 5-star hotel accommodation, and KD 1,000 for expenses.

“NBK offers their customers unique and world class products, services and rewards as a way to build lasting and loyal relationships,” said Acting General Manager of Consumer Banking Group, National Bank of Kuwait Mr. Mohammed Al Othman. “Football is the most popular sport in Kuwait and around the world which is why we’ve teamed up with Visa to offer this incredible FIFA package. 3 lucky winners along with a friend, will get the opportunity to watch the World Cup final match in Moscow. It’s the trip of a lifetime!”

Customers can still enter to win this extraordinary dream trip. They need to simply use their NBK Visa card to pay for purchases locally, internationally or online.

Every KD 1 spent locally or on local websites using the NBK Visa credit card equals 1 entry in the draw. Every KD 1 spent abroad or on international websites using an NBK Visa credit or debit card equals 3 entries in the draw. A minimum spend of KD 100 using any of the eligible NBK Visa credit cards is required to qualify for the draw.

The World Cup is the most anticipated sporting event of the year, with millions around the globe watching matches for the month-long competition and rooting for their favorite teams. NBK’s FIFA World Cup prize campaign is part of the bank’s ongoing customer-centric approach.

NBK strives to bring customers world-class services, with a customized approach. The bank creates the best rewards and promotions as a way to reward their customers for their extended loyalty

To learn more about NBK Visa FIFA World Cup campaign visit NBK.com.



Kuwait: NBK awarded “Best Private Banking Services Overall in Kuwait” For 2018

11.03.2018

National Bank of Kuwait (NBK) has been awarded the “Best Private Banking Services Overall for 2018” in Kuwait in Euromoney’s Annual Survey surpassing global banks in wealth management and private banking services. NBK topped the list of nominees, outmatching local & international banks in the field of Private Banking Services. 

Euromoney’s Annual Survey data is compiled from the industry’s experts and analysts worldwide. NBK’s Best Private Bank awards include: “Best Private Banking Services Overall in Kuwait”, “Best Asset Management in Kuwait, Best Investment Banking Capabilities in Kuwait, Best Commercial Banking Capabilities in Kuwait, Best Family Office Services in Kuwait, Best International Clients and “Best Private Bank for Super Affluent Clients in Kuwait”. Malek Khalife, NBK's General Manager, Private Banking Group, received the awards at a glittering dinner and awards ceremony recently held in London. 

“Awarding NBK the prestigious title of " Best Private Banking Services Overall for 2018" in Kuwait for consecutive year, surpassing renowned global banks and financial institutions, reflects the constant confidence the customers vest in NBK and their appreciation of the outstanding quality of its services and products,” said Khalife. “This award is another testimony of NBK`s leading position as the highest-rated bank in the Middle East and among the 50 safest banks in the world.”

Khalife 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 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,” said Khalife.

Euromoney is a leading British Financial magazine that organizes annually this event. The Private Banking Awards event covers over 60 countries each year. The results are voted by experts and analysts worldwide. The results are also based on other major criteria such as the services provided, asset management, wealth management and client relationship management. For more information on this award please visit www.euromoney.com

NBK continues to enjoy collectively the highest credit ratings in the region 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 risk 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 the twelve consecutive times.

NBK enjoys the widest banking presence with a local and international network reaching 4 continents. NBK’s international presence spans many of the world’s leading financial centers including New York, Europe, GCC, Middle East, Singapore as well as China (Shanghai).



Kuwait: NBK Supports Small and Medium Enterprises

09.03.2018

National Bank of Kuwait’s Business Banking unit surprised their customers by covering the cost of their participating booths in Qout Market that took place on March 3, 2018. NBK provides its customers with a vast array of products, services and initiatives especially tailored to meet their business needs.

By funding Business Banking clients, NBK demonstrated its continued dedication and commitment to supporting local small and medium enterprises (SMEs) and young Kuwaiti entrepreneurs.

“NBK works closely with clients and customers to understand and anticipate their business requirements,” said Mr. Bader Al-Mutawa, Assistant General Manager - Consumer Banking Group, National Bank of Kuwait. “Funding Business Banking clients participating in Qout Market is a substantive means of showing support to local SMEs and young entrepreneurs trying to grow their business.”

NBK Business Banking offers dedicated relationship officers, point of sale machines, business credit cards, Online Salary Portal, online banking, insurance, business loans, letters of credit and guarantee and local bills.

NBK has 13 dedicated Business Banking hubs at branches around the country including: Head Office, Surra, Shuwaikh, Al Tadamoun, Mubarak Al-Kabeer, Jabriya, Arraya Tower 2 (fifth floor), Fintas, Sharq, Ras Salmiya, Salwa, Al Ghazali and Hawally. Specialized relationship officers are dedicated to serving the needs of Business Banking clients. Clients will also have access, via their relationship manager, with experts in Credit, Investment Banking, Trade Finance and Treasury.

Customers can complete all their necessary business banking transactions in a seamless, efficient and convenient way. Visit NBK.com to learn more about NBK’s service and products.



Kuwait: NBK Celebrates International Women’s Day

08.03.2018

National Bank of Kuwait’s (NBK) celebrates International Women’s Day every year through various events aiming at supporting and empowering women. As part of this year’s celebration, NBK surprised its female customers by covering their charges at Villa Fayrouz.

This initiative is part of NBK’s social corporate responsibility directed towards sponsoring events and activities that positively impact the Kuwaiti society. International Women's Day is a great opportunity to celebrate women’s achievements and the important social role.

Manal Al-Mattar, NBK Public Relations Assistant General Manager said: “NBK is the leading private sector leader in supporting women’s role across different fields. The bank launches numerus events and initiatives to support this approach”.

 Al Mattar noted that NBK launched its “Be Aware”  breast cancer campaign as part of the bank’s initiatives directed towards supporting women to ensure their health and safety and to carry on the bank’s efforts to raise awareness about breast cancer and prevention methods. In addition, NBK launched numerous initiatives exclusively directed to its female customers, including NBK Laki Titanium Credit Cards which cater to all modern women’s lifestyle needs with a variety of benefits, instant discounts, and exclusive offers covering retail, dining, and coffee shops in Kuwait.  

Al Mattar added that NBK has continued to support Women’s role since its inception in the 1950s, as it was among the pioneering banks to open a department to service its female customers. It was also the first bank to hire women in Kuwait. She highlighted that female employees constitute a great percentage of total NBK employees, an indicator to the bank’s keen interest to support and empower women.

NBK continues to fulfill its social approach and commitment towards the community, serving different segments through sponsoring such initiatives. The bank has always been at the forefront of the private sector in leading social initiatives and supporting various social groups.

 



Kuwait: NBK sponsors Qout Market exhibition

05.03.2018

The National Bank of Kuwait (NBK) surprised participating small projects’ entrepreneurs at this year’s season of the ‘Souq Qout’ exhibition by paying their participation fees on the closing day to support their projects.

NBK’s sponsorship of the event comes as part of its keenness to supportyoung people’s initiatives and have them play part in developing the national economy.

Souq Qout, which was hosted at the Shaheed Park on Saturday, aims at providing Kuwaiti youth with suitable opportunities to display their local products of food items, fashion, artifacts, art and music.

“This year’s participation in the market was different,”NBK Public Relations Officer Farah Bastaki said, adding that the event witnessed several activities that the bank presented to coincide with celebrating the National Day and Liberation Day anniversaries.

NBK launched a special campaign in collaboration with VISA through which NBK VISA credit and ATM card holders get the chance to win three tickets to watch the FIFA World Cup final in Russia, Bastaki added. NBK also took part in several sports competitions for visitors including soccer, table football, the ‘Jawhara Hammer’, in addition to special competitions for children, she noted.

This initiative is part of a long term partnership with Al Shaheed Park and comes within the Bank's social responsibility program to support cultural activities. Al-Shaheed Park stands as a center for cultural and educational development with its multi-tasking spaces designed for Kuwaiti youth.



Kuwait: NBK organizes its annual carnival at Bayt Abdullah

03.03.2018

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

Dr. Hilal Al Sayer, President of Bayt Abdullah Children Hospice (BACCH) and Margaret Al-Sayer, Founding Director of Bayt Abdullah Children's Hospice shared happy moments with children.

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. Towards the end of the evening, each child was given a special gift from NBK.

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 continues building the first of its kind in Kuwait, the independent marrow transplant center at NBK’s Children Hospital, in order to expand the hospital’s capability to treat children with cancer and blood diseases.

NBK has undertaken several initiatives to support the healthcare sector in Kuwait, including the medical care provided at NBK Children Hospital to underprivileged children. The hospital houses a number of clinics specialized in leukemia treatments, neurology, psychiatry and pediatrics as well as surgeries and operating theatres.

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 Wins Seventh Consecutive Service Hero Award 2017

01.03.2018

National Bank of Kuwait has won the prestigious Service Hero Award for Best Retail Bank in Kuwait for 2017. This is NBK’s seventh consecutive win in the category and reaffirms the bank’s lasting commitment to its customer-centric approach.

“NBK strives to provide the best customer service and being awarded the ‘Best Retail Bank in Kuwait’ for the seventh time in a row acknowledges the dedication of our staff who work with passion and commitment to offer the best customer service to our clients,” said Acting General Manager of Consumer Banking Group, National Bank of Kuwait Mr. Mohammed Al Othman.

NBK is once again the leader in the Retail Banks category in the Service Hero 2017 Customer Satisfaction Index (CSI) Kuwait. The award is based upon a 100% customer 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 on hundreds of brands in Kuwait. Service Hero then compiles and measures customer satisfaction via an index score. It is the Arab World’s only 100% consumer powered customer satisfaction index.

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.

A leading brand in Kuwait and the region, NBK is known for its commitment to understanding and anticipating customer needs. Products and services are designed with a customer-centric approach, ensuring customer satisfaction at every level.

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 considers 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.



Kuwait: National Bank of Kuwait announces Al Jawhara KD 125,000 winner

28.02.2018

National Bank of Kuwait announced the winner of the KD 125,000 monthly Al Jawhara draw for February 2018. The name of the winner, Khalid Abdullah Al Sahoo, was announced live on air on radio FM 88.8 and in the presence of a representative from the Ministry of Commerce and NBK representatives.

NBK rewards its most loyal customers through Al Jawhara draw with weekly, monthly and quarterly prizes total of KD 2.2 million annually. Customers qualify for a chance in the draw for every KD 50 in their Al Jawhara account.

Customers can double their chances in case no withdrawals or transfers occur during the required period. To open Al Jawahra account, customer can simply visit NBK Online or Mobile banking and deposit KD 400 (minimum opening balance) or they can visit the nearest branch. Each KD 50 deposited during the required period equals one chance to enter the draw. Winners’ names are always made public and posted on the NBK website & Social Media accounts. [To see previous winners, visit: https://www.nbk.com/kuwait/personal/accounts/saving-accounts/jawhara-account/jawhara-winners.html]

Winners for Al Jawhara weekly draws in February include: Younan Najeeb Mikhael Jadallah, Bassam Abdullah Al Bassam and Khaleel Ibrahim Slaem. Each won KD 5,000.

Benefits of Al Jawhara Account include a free Visa debit card with access to more than 650,000 ATM machines around the world; access to NBK Online Banking and the NBK Mobile Banking app for viewing and managing your account wherever you are in the world. Customers always have access to NBK’s 24 hour, seven day a week call center and SMS notice service by request. AlJawhara account holders also have unlimited withdrawals (terms and conditions apply).

NBK strives to maintain lasting, strong and positive relationships with customers and work to provide many premier prizes, rewards and promotions to thank our customers for their loyalty.

Customers can learn more about the Al Jawhara accounts as well as other products and services provided by NBK by visiting the award-winning nbk.com website or contacting the call center on 1801801.



Kuwait: NBK Welcomes the Fourth Batch of “Yalla Watani” Program Participants for 2018

27.02.2018

National Bank of Kuwait’s (NBK) welcomed the fourth batch of “Yallah Watani” training program held in 2018. The program is designed to train young national cadres to work in NBK branches. This edition of the program runs for 4 weeks; and is attended by 14 participants who would receive the required training to work in bank branches.

The training course covers various banking aspects including: banking principals, credit cards, loans, letters of guarantee, insurance, fraud risks, and branch evaluation, in addition to developing soft skills like self-esteem, self-evaluation, achieving outstanding performance, change and innovation, management and effective communication techniques, work ethics, and teamwork.

The trainees were welcomed by NBK executives led by Emad Ahmed Al Ablani, General Manager, Group Human Resources at NBK, Ghadeer Al Awadhi, Local Branches Manager and Abdullah Al Jassim, Head of Recruitment.  

Speaking of that occasion, Al Ablani stated that NBK is keen on developing and supporting talented youth through its comprehensive and specialized training programs, to ensure their career advancement as the bank provides various opportunities to train and develop promising business leaders.  

Al Ablani stressed on the bank’s corporate social responsibility engagement and commitment to provide training and development programs to fresh graduates and young students, as it strives to provide them with the necessary experience, professional information, and practical training required to equip them to tackle the workforce within the banking industry.

He pointed out that “Yalla Watani” 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 graduated who prequalified to join the course.   

He also highlighted that it is a development course specifically designed and directed towards fresh graduates to provide them with the professional training to cover various banking aspects. The program integrates both practical and theoretical training aspects to develop trainees’ interpersonal skills and rapidly aid their self-development due to its balanced structure and great effectiveness in developing the youth and helping them to engage in building their careers. 

Ghadeer Al Awadhi, Local Branches Manager said: “NBK always strives to develop employees’ academic, technical, and interpersonal skills through a variety of unique training and development opportunities that contribute to improving their skills and enhancing their knowledge to achieve the desired career aspirations”.

She pointed out that the program provides a chance to train newly hired employees on parallel systems that mimic the actual structures used at bank branches. Trainees are provided with the opportunity to train on the simulation model in order to hone and refine their talents prior to providing services to NBK customers at one of our branches. 

Meanwhile, Mr. Abdullah Al Jassim, Head of Recruitment said:” NBK’s business model is based on the continuous development of its employees by stimulating and enhancing their performance, creating a competitive business environment and fostering teamwork spirit, which is a unique quality that identifies NBK as the leading group among local and private sector participants”.  



Kuwait: NBK Celebrates Kuwait’s National & Liberation Day with Children’s Event

26.02.2018

As part of its corporate social responsibility, National Bank of Kuwait provides many initiatives and programs to entertain and educate the children and youth of Kuwait. NBK constantly works on events to make children happy while teaching them the fundamental aspects of smart spending and saving.

This is why NBK partnered with KidZania to host an exclusive event in celebration of Kuwait’s National and Liberation Days. Held at the KidZania premises at The Avenues on February 25 and 26 2018, the event allowed free entry to any child who presented the NBK Zeina Debit or NBK Credit card.

“NBK Strives to provide fun and exciting events that also offer an educational impact,” said Amal Al-Duwaisan, Senior Manager Consumer Banking Group, National Bank of Kuwait., National Bank of Kuwait. “The NBK-KidZania National Day and Liberation Day event was a fantastic celebration where children had the chance to enjoy themselves and learn about different life skills like banking.”

The successful event included a range of fun, games and activities for children who provided positive feedback and really enjoyed their time.

The Zeina Package is specially tailored to provide the perfect banking solution for children from birth to 15 years of age. Through the package, children learn the fundamentals of banking; including saving and spending basics, how to manage a debit card, how to balance a banking account and how to conduct basic banking transactions.

A parent or guardian is required to open a Zeina Package account, with the choice between an interest-bearing Savings Account or an interest-free Trust Account.

Children receive a free Zeina Debit card and get invited to exclusive kids activities and events throughout the year. They are also entered into a quarterly draw for a chance to win cash prizes.

Parents and guardians can learn more about the Zeina Package for children by visiting NBK.com’s website at: https://www.nbk.com/kuwait/personal/packages/youth/zeina.html
 



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

25.02.2018

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 Specialty Hospital and the Stem Cell Therapy Unit at Sabah Medical district to share happy moments of Kuwait’s National celebrations with the children and their families.

“NBK staff have always devoted a considerable part of their time to comfort children and present them with felicitations and gifts as part of NBK’s corporate social responsibility program”, said Joanne Al Abdul Jaleel, NBK Public Relations Officer.

Al Abdul Jaleel added “Sharing the happy moments with the children is our pleasure. We are proud that NBK devotes such attention to supporting Kuwait society and providing compassion and support for those in need, including children. 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 many years ago.”

NBK’s visits to the children targeted children, nurses and doctors. NBK family shared with the children a handprint activity on a 3 meters Kuwait’s flag that will be used as a display in the NBK Hospital during national celebrations.

The aim of this activity is to let children feel they belong to the art piece as they contributed in it. Flags, pins, caps and Kuwaiti theme clothes were worn by the children during the celebration.

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 Building decorated with Kuwaiti flag to celebrate the National Day

24.02.2018

National Bank of Kuwait’s (NBK) building was decorated with the colors of the Kuwaiti flag in celebration of Kuwait’s 57th National Day, the 27th Liberation Day, and the 12th anniversary of the assumption of office by His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah. This is an annual tradition that NBK honors each year demonstrating its loyalty and allegiance to Kuwait.

NBK launches a number of initiatives as part of its corporate social responsibility in February of each year to celebrate the National Day and Liberation Day, in addition to launching national musical productions which contribute to reinforcing patriotism and encouraging pride in local culture and social customs. This year, NBK launched the song "Go Live" by Bashar Al-Shatti to reflect the importance of this occasion, its value and historical significance.

NBK takes great pride in its social role and its diversity in branching its contributions to cover different occasions in line with the bank’s leading role and its long-standing history of over 65 years serving Kuwait. NBK has been a key partner in laying the foundation of Kuwait’s national economy in the 1960s and played a significant role during the occupation period as well as Kuwait’s liberation.

NBK is always keen to take a leading role and to actively participate in various national events in line with its commitment towards corporate social responsibility, in addition to supporting and serving the community. NBK has a long track record and contributed a number of musical productions, which was met with great success and huge presence on social media gaining great popularity and achieving record ratings. Its video “Habeebti Ya Kuwait” is still considered one of the most prominent music productions launched over the past few years. In addition of the other amazing songs imprinted in our memories such as “Hatha Howa Elkuweiti.” and Baqoon, which were launched last year.



Kuwait: NBK’s Airport branch will be open for clients during the National Holidays

23.02.2018

National Bank of Kuwait’s (NBK) Airport branch is open to receive its clients around the clock, seven days a week during the National and Liberation Holidays offering all various banking services available at other branches.

The Airport branch exclusively offers Multi-Currency ATMs allowing travelers to withdraw their choice out of six different currencies including 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 to ensure that best banking services to all NBK and Non-NBK clients.

NBK customers can control their accounts and manage their finances around the clock, seven days a week via NBK online Banking, NBK Mobile Banking on their smart phones, or by simply calling NBK Call Center 24/7.

NBK also provides toll free phone numbers to connect with its customers while traveling abroad, to assist them and respond to their banking inquiries. NBK currently offers toll free phone numbers to its customers to call the bank around the clock in eight of the most popular travel destinations worldwide.

Through the toll free numbers, NBK customers can call anytime around the clock when visiting any of the following countries: USA, UK, Canada, France, Germany, Turkey, Italy, and Spain. Customers may also call from anywhere in the world at +965 2224 – 8361 or by sending a text on WhatsApp at +965 5222 – 1333 at any time.

NBK is always keen on providing the best travel experience to its customers through a wide range of exclusive services and offers to provide them with a unique banking experience that comprehensively meet their needs, from the minute customers take the travel decision until their return back to Kuwait. NBK also strives to ensure the customers’ safety from falling victims to theft or fraud during their travels, as it provides various safety measures to protect its customers.



Egypt: NBK reports net profits of KD 322.4 million for FY 2017

22.02.2018

NBK-Egypt - a member of NBK Group – reported EGP 1,503 billion in net profits for FY2017 up 77.07% compared to EGP 849 million for the corresponding period in 2016.

Total assets as of FY 2017 reached EGP 59.01 billion up 9.23% compared to EGP 54.02 billion by the end of FY 2016. Total customers deposits grew by 7.24% for the same period to reach EGP 36.1 billion, compared to EGP 38.1 billion for FY 2016. While customer loans and advances reached EGP 33.91 billion as of end FY 2017, growing at 35.85% year-on-year, compared to EGP 24.96 billion in FY 2016.

Isam Jassim Al-Sager, NBK’s Group Chief Executive Officer and NBK-Egypt Chairman said that the strong growth achieved by NBK-Egypt confirms the success in affirming its position in the Egyptian market, which is one of the main growth markets for NBK Group, given its promising growth opportunities and positive prospects.

The strength of NBK-Egypt’s profits lies primarily from being operationally driven by improved business environment, reflecting the stability of the economic situation in Egypt. He indicated that this stability will create new (investment and financing) opportunities for the bank, which in turn will contribute to improving the level of product integration between the NBK-Egypt and the Group, thus strengthening its position in the Egyptian market.

Al-Sager confirmed that NBK Group's investments in Egypt are of strategic and long-term nature. NBK-Egypt is considered one of the most important branches for the Group as the branch provides almost third of the profits attributed to international branches, echoing NBK Group’s confidence in the Egyptian market and its desire to further expand its presence as part of the Egyptian banking sector. 

Meanwhile, Dr. Yasser Hasan, Managing Director of NBK-Egypt highlighted the bank’s continuous growth and solid performance across all financial indicators driven by its conservative strategy as part of NBK Group and its business model based on diversification of its income and credit portfolio while offering flexible financing solutions and providing innovative financial products at the same time to cater to its customers actual needs based on detailed thorough market studies. This is in addition to the bank's solid financial position, strong balance sheets and stable management.

He added that most of the bank’s profits are driven by corporate credit services, with a highly diversified portfolio drawing on the diversification of the Egyptian economy itself. He also added that the bank strives to strengthen its position in retail banking as well over the coming period.

He further noted that during NBK’s ten years’ journey in the Egyptian market since 2007 has witnessed a great development which has been reflected in its results and financial indicators, resulting from a complete restructuring aimed at developing its business and enhancing its presence in the Egyptian market through expansion and promotion of its geographical expansion and investment in IT to provide better service to our clients across all sectors and segments (big corporations - SMEs - individuals - and financial institutions due to NBK-Kuwait’s its high credit rating).

Al Hassan also stressed on NBK-Egypt had solid performance across all financial indicators despite the challenging environment facing the Egyptian economy with the bank’s profits growing by 517% in 2017 compared to the results it achieved in its first year in Egypt in 2007, total assets grew by 375%, total deposits were up by 304% and shareholders’ equity was up by 265%.



Kuwait: NBK’s ATMs ready to serve customers during the National Holidays

22.02.2018

National Bank of Kuwait’s (NBK) announced that all its ATMs would be ready to serve customers during the National Holidays. NBK competent staff members equipped ATMs with enough cash to handle withdrawals during holidays, in anticipation to the heavy transaction volumes during that period, as part of the bank’s keenness to strengthen its local presence and commitment to continuously lead the market as the customers’ first choice through its wide coverage across Kuwait. 

Mrs. Ghadeer Al Awadhi, Local Branches Manager said: ”NBK’s ATMs are always ready to meet customers’ needs and demands during regular business days as well as on holidays on the back of the best, safest and latest technologies adopted by the bank’s systems”.

Al Awadhi added that the bank continuously monitors ATMs, ensuring that it is equipped with the required cash limits and tops it up on regular basis, especially in areas characterized by high withdrawals such as shopping malls, markets and entertainment spots.  She also noted that the ATMs are not only supplied with cash, but also with the papers required to print transactions and accounts’ information. 

She highlighted that it is customary for ATMs to witness the heaviest usage during holidays, especially if those holidays coincided when salaries are transferred.

Al Awadhi also pointed out that NBK has the largest ATM network in Kuwait to cater to its customers’ needs and to provide them with the convenience and flexibility to access their accounts, and carry out cash withdrawals and deposits around the clock.

NBK maintains its leading market position across all banking segments through its widest banking network in Kuwait including ATMs and Points of Sale (POS), as the bank provides its customers with the most convenient services and products to manage their financial affairs around the clock anywhere and anytime through NBK Online Banking and NBN Mobile Banking application on their smartphones.

 



Kuwait: NBK Honors Top Performers at Annual Elite Awards

20.02.2018

Human talent is at the core of National Bank of Kuwait’s long term success. NBK has a proven track record of developing Kuwait’s youth cadres, providing best-in-class professional development programs, workshops and training. To honor the hard work and dedication of its staff, National Bank of Kuwait recently held its annual Elite Awards ceremony at the newly opened Four Seasons hotel in Kuwait City.

NBK’s Elite Awards recognize and reward the bank’s top performers for 2017.

NBK Consumer Banking Group staff was feted to a night of fun and entertainment, including awards and prizes for top performers, a raffle draw, dinner and a special light demonstration. Acknowledging the important role played by staff members. Senior members of the bank’s Executive team attended the award ceremony including: Group Chief Executive Officer National Bank of Kuwait Mr. Isam J. Al-Sager, Chief Executive Officer– Kuwait Mr. Salah Y. Al-Fulaij, Deputy CEO – Kuwait Mr. Sulaiman Barrak Al-Marzouq and Mr. Emad Al-Ablani General Manager – Group Human Resources at National Bank of Kuwait.

Chief Executive Officer– Kuwait Mr. Salah Y. Al-Fulaij said: We are delighted to honor NBK’s elite performers. These men and women are what make us great. They are the ones who come to the task at hand with dedication, professionalism and excellence.

He added “I want to highlight some of our greatest achievements this past year. In 2017, National Bank of Kuwait recorded a solid net profit of KD 322.4 million, a growth of 9.2 percent year-on-year and Consumer Banking Group played a critical role in this achievement, “Consumer Banking is the foundation for our profits and the driver of our greatest opportunities, Al Fulaij concluded.

“Each year NBK’s Consumer Banking Group organizes the Elite Awards to reward our most important asset, our staff,” said, Acting General Manager of Consumer Banking Group at National Bank of Kuwait Mr. Mohammed Al Othman. “It is through their professionalism, commitment and continued development that NBK continues to provide its customers with the highest and best-in-class customer service.”

“NBK is known as the bank of human talent development in Kuwait. We devote a great deal of time, effort and resources to ensure that our staff is  given relevant professional training opportunities, workshops, and educational opportunities with things like the NBK Academy, the High Fliers program and the ‘NBK Shabab Training Program’,” said Mr. Emad Al-Ablani General Manager – Group Human Resources, National Bank of Kuwait.

Employees took home top awards across all divisions in Consumer Banking Group such as: Domestic Branches, Direct Sales, Call Center, and Most Collaborative Back-Office Units

NBK offers a range of professional development and training programs as a regular part of its human resources policy including courses on banking practices, change management, leadership and other soft and hard skills.

NBK also implements an MVP (Most Valuable Player) award initiative aimed at encouraging employee engagement, contribution, loyalty and achievement. NBK also strives to develop lasting, long term employee relationships that reinforce positive behavior and teamwork, thus reducing turnover and employee dissatisfaction.

Learn more about NBK’s organization philosophy and career opportunities by visiting NBK.com



Kuwait: NBK Organizes Fun-creative Events for Children at NBK's Specialty Hospital and Stem Cell Therapy Unit

15.02.2018

Continuing its monthly activities at the Children’s Specialty Hospital and the Stem Cell Therapy Unit, National Bank of Kuwait (NBK) carried out engineering activities for kids and Red Riding Hood Play to support children while they get their treatment.

The engineering event was organized in collaboration with “Engineering with Kids” where the children had the opportunity to practice science, technology, engineering, and math in a fun and challenging way through activities and games. Also, the children enjoyed watching their favorite play and had the chance to participate in an interactive scenario at the end with the characters.

The two events aimed at inspiring the children to build on their natural curiosity by teaching different knowledge concepts through hands-on learning.

The two initiatives come as part of a fun activity program that extends all year long and includes a library, a reading corner, storytelling sessions, activities for the medical staff such as the “nurse of the month”, interactive expression day, fun events and a movie night activity that are organized occasionally.

The fun activity program is a part of NBK’s social responsibility towards children and keenness to support them while they get their treatment. NBK has provided a display screen, entertainment facilities, variety of different and various books and other supplies for children to enjoy the whole program.

 NBK’s initiative reflects the bank’s high sense of duty and responsibility towards the community and helping those in need. 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 Kuwait`s society.

It’s worth mentioning that NBK’s Stem Cell Therapy Unit is the first children’s bone marrow transplant center in Kuwait. The new center is the largest corporate social responsibility donation in Kuwait and will expand the hospital’s ability to treat children with cancer and blood diseases.



Kuwait: Transfer your salary to NBK and choose your instant gift or interest-free loan

14.02.2018

National Bank of Kuwait announced the winners of the 2017 Salary Transfer campaign live on air on radio FM 88.8. The draw was conducted, under the supervision of senior NBK staff and in the presence of an official from the Ministry of Commerce and Industry.

“NBK rewards its most loyal customers and clients with exceptional gifts and promotions,” explained Amal Al-Duwaisan, Senior Manager Consumer Banking Group, National Bank of Kuwait. “For 2017, we awarded customers who transferred their salaries to NBK with two brand new Mercedes cars. Zainab Hussain Redha won a Mercedes GLC, while Hemoud Falah Al-Azemi won a Mercedes GLC Coupé.”

NBK launches 2018 with a new campaign aimed at inviting new employees and non-NBK customers to transfer their salary and recieve an instant free gift with no draw or an interest free loan. New employees who are looking to set up a salary transfer account and non-NBK customers who want to transfer their salary, can visit any NBK branch with the required documents to open an account and receive an instant free gift.

The gift value ranges from KD 100 to KD 10,000. New customers can instead opt for an interest-free loan of up to KD 10,000. This offer is valid only until 31 December 2018.

NBK offers a full range of banking products and services to suit every salary package and different lifestyles including mobile and digital banking, innovative payment solutions like Tap & Pay wearables and home delivery banking.

NBK salary transfer customers are also eligible for NBK credit cards – with 10 different cards to choose from and a variety of benefits depending on the card including air and travel miles, online shopping fraud protection, travel insurance, concierge service, NBK Rewards loyalty program points, worldwide airport lounge access, discounts and promotions for Visa and Mastercard and more.



Kuwait: NBK launches a National Song as a commemorative gift for Kuwait on the National Day occasion

13.02.2018

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

Manal Al Mattar, NBK Public Relations Assistant General Manager said: "Titled “Go Live”, the national song, performed by the Kuwaiti talented singer Bashar Al Shatti, is a piece of art that is rich in connotations and invokes remarkably vivid community-related associations, reflects the modern social life, the interests of youth and a direct call for them to communicate and share their special talents and moments in Kuwait with their loved ones proudly and thankfully. 

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.

“This unprecedented musical work is a commemorative gift for Kuwait and on awareness towards social responsibility and to encourage youth to communicate and raise their devotion towards their country,” 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” that was launched on the occasion of Kuwait's independence Golden Jubilee, Baqoun and Hatha Howa Elkuweiti.

 



Kuwait: NBK Sponsors Kuwait Youth Career Fair

13.02.2018

National Bank of Kuwait (NBK) sponsored the Kuwaiti Youth Career Fair sector for the private sector, organized by Manpower an Government Restructuring Program, held for the first time at its headquarters in Reggie area. The career fair aims to open channels of direct communication between private sector companies and job seekers. NBK’s sponsorship of the exhibition is an affirmation of its continued commitment to supporting young national cadres and assist in their development and preparation to embark on their journey in the labor market, as well as helping them identify their needs and requirements in order to determine their professional paths accordingly.

NBK's sponsorship of this event stems from its keenness to support events and activities directed towards the youth," said Emad Ahmed Al Ablani, General Manager - Group Human Resources. "This event is a pioneering platform for attracting ambitious Kuwaiti national workforce, calling on all job seekers to take the right decision that matches their academic orientation and professional aspiration”.

Meanwhile, Mr. Abdulla Al Jassim, Head of Recruitment Department at NBK Group, said: "NBK maintains its leadership position in the private sector, welcoming young Kuwaitis as it believes in its national role in recruiting and developing Kuwaiti youth, as well as attracting national talents and encourage them to join the private sector ".

Al Jassim added that during the career fair, NBK Human Resources employees received numerous job applications from those seeking employment in the banking sector, out of which 55 applicants passed the preliminary interviews and were scheduled for second appointments to finalize the recruitment process. The applicants received guidance and counselling to determine the appropriate professional path that best suits their aspirations, as they were presented with available job opportunities within the banking sector that matche their talents and fulfill their aspirations.

 



Kuwait: Shop at Landmark Group brands with NBK cards and avail a 20% discount

12.02.2018

National Bank of Kuwait customers can now enjoy special discounts when shopping with their NBK credit card or Shabab prepaid card at Landmark Group stores. The instant 20% discount will be available at Centrepoint, Home Centre, ICONIC, New Look, Steve Madden, MAX, Bossini, Carpisa, Aerosoles, Pablosky and Paprika (inside Bossini).

 “NBK is delighted to partner with Landmark Group to offer our customers this exclusive benefit,” said Rym Mohammed Bourenane from NBK Merchant Business and Customer Loyalty department, National Bank of Kuwait. “NBK customers rely on us to make their spending and saving easier with exclusive rewards and discounts”. The special instant discount is the latest move by NBK to reward its loyal customers with valuable offers tailored to meet their lifestyle needs.

 “Landmark Group is a popular shopping destination in Kuwait and we are happy to partner with NBK to offer their customers such a valuable discount,” said Ali Hussain, Head of Marketing, Landmark Group.

NBK credit card or Shabab prepaid card holders can shop for clothes, furniture, shoes, children’s clothing or toys and home furnishings. NBK customers must pay with their eligible NBK credit card or Shabab prepaid card to enjoy the 20% instant discount at checkout. Not valid on already discounted items. The offer is valid until 21st February 2018.

NBK offers a range of credit cards suitable for every occasion. Customers can utilize the ‘Right card for me’ tool on the NBK.com website to select the right credit card based on their individual needs. The Right Card for Me tool will direct customers through a series of basic questions – age, salary, benefits desired to find the right fit. NBK offers 12 different credit card options for individual account holders, each with a select and tailored set of benefits and criteria.  

All credit card holders, however, have access to NBK’s Rewards program, the largest loyalty program in the country with more than 700 participating local and international brands in fashion, dining and lifestyle.

NBK credit card customers can earn reward points for spending at home and abroad, another reason to plan, book and travel using NBK cards. NBK customers can also enjoy benefits that make travel – whether for holiday or business – more convenient, safer and easier. For instance, NBK credit card holders may receive free lounge access, travel discounts on airlines, car rental and hotel bookings, secure shopping, travel insurance and more.



Kuwait: NBK Hosts “Bridge” Training Program

11.02.2018

 National Bank of Kuwait (NBK) sponsored LOYAC Training Program “Bridge”. This sponsorship comes in line with NBK’s strategic partnership with LOYAC and as part of its corporate social responsibility towards providing the required development and training to prepare the youth to enter the labour market and to support active social and humanitarian organizations.

“Bridge” Training Program aims at developing trainees’ professional and interpersonal skills through a number of topics on communication, professional customer service, as well as team work. By the end of the program, each intern completes the program successfully gets experience certificate from the job site and LOYAC.

”NBK’s support to LOYAC’s activities comes in line with the bank’s corporate social responsibility aiming to support all segments of the society and its institutions, especially those related to youth," said Emad Al Ablani, General Manager, Group Human Resources at NBK. "They need all the incentives to be active partners in development and community service.

Al Ablani added that NBK has partnered with LOYAC in presenting a number of educational and awareness-raising programs. He also pointed out that “Bridge” is unique in its focus on investing in young people and enhancing their expertise in vital areas essential for their success in the labor market, such as excellence of service, a distinguishing feature that has always set NBK apart.   



Kuwait: NBK Family celebrates World Cancer Day with the medical team at its Specialty Hospital

10.02.2018

National Bank of Kuwait’s (NBK) family paid a visit to NBK Hospital and Stem Cell Therapy Unit at Sabah Medical district to celebrate World cancer Day with the medical team and children.

Manal Faisal Al Mattar, NBK Assistant General Manager, Public Relations said “In recognition of the World Cancer Day, NBK is always keen on being present with the children with cancer everyday not only one day. NBK Family supports their dreams, therapy and wellbeing.”

"Through this initiative we seek to deliver a message of appreciation to doctors, nurses and children. This celebration is dedicated to the efforts of the medical team who shares the children their good and bad times. NBK team distributed flowers to show appreciation towards their sacrifices and social work," Al Mattar added.

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

NBK’s visit to the hospital and care center 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 participates in Qout Market at Al Shaheed Park

09.02.2018

National Bank of Kuwait (NBK) participated in Qout Market at Al Shaheed Park this past Saturday February 3rd. The participation was to enhance its participation within the theme of the Kuwaiti national days.

NBK Public Relations officer, Farah Bastaki said, “NBK’s booth featured a variety of activities for  kids and youth under the theme of National and Liberation days ”.

“There was  a paper windmill making station which highlighted the colors of the Kuwaiti flag,” she added. “NBK’s partnership with this unique initiative comes in line with its Corporate Social Responsibility, which is dedicated to motivating Kuwaitis to contribute in the development of national economy,”

NBK’s participation in Qout Market included the arrangement of many activities that was different and unique. Visitors at Al Shaheed Park enjoyed a day full of fun activities at the booth.

This initiative is part of a long term partnership with Al Shaheed Park and comes within the Bank's social responsibility program to support cultural activities. Al-Shaheed Park stands as a center for cultural and educational development with its multi-tasking spaces designed for Kuwaiti youth.

 Qout Market a seasonal artisanal market that takes place on the first Saturday of every month during a period of 4 months. The market is considered Kuwait’s largest artisanal farmers gathering, and looks to support local food producers and craftsmen in showcasing their products to the public.



Kuwait: NBK is hosting a Drone race at Maker Faire Kuwait in Kuwait International Fairground

08.02.2018

National Bank of Kuwait (NBK) is organizing a Drone race on Saturday, February 10, 2018 for the first time in Kuwait, as part of its participation in “Maker Fair” organized by Kuwait Investment Company in Kuwait International Fairground -Mishref, Hall 5. NBK is the platinum sponsor for Maker Faire for the second consecutive year, in line with fulfilling its role in encouraging and promoting local industries and manufacturers. 

 “This is the first time for the Drone race to be organized in Kuwait in keeping up with the technological development that has started to emerge in various fields of the economy, businesses and even culture and entertainment. This challenge provides a chance for amateur and professional participants to participate in the race” said Talal Al Turki, NBK Public Relations Team Leader.

Al Turki highlighted that the race will be organized on the final day of Maker Faire on February 10th, and that 3 winners will receive valuable cash prizes. NBK provided online access for participants to register their participation in the race. The challenge and show take place daily, on the sidelines of Maker Faire exhibition in the outdoors courtyard from 9 am to 1 pm, while the professionals’ race takes place in the afternoon from 4:00 p.m. to 9:00 p.m.

He added that NBK is also organizing a series of events for Maker Faire visitors including the design of electronic kids’ electronic games using wires and the organization of a virtual race in NBK’s booth to encourage children to direct their attention to innovative games that they can participate in manufacturing themselves. 



Kuwait: NBK Welcomes the 19th Batch of Trainees

06.02.2018

The National Bank of Kuwait (NBK) Academy recently received the 19th batch of new employees.

 They met the conditions of selecting young Kuwaiti graduates to undergo special four-month training course on banking skills such as banking principles, risk management, team work, financial accounting, marketing, negotiation, consumer and corporate loans and practical training in various bank departments with the aim of working in NBK.

On this occasion, Mr. Emad Al-Ablani Group General Manager-Human Resources, stressed that NBK is proud to be one of the largest private sector investing in national youth through attracting them into the banking sector and accordingly qualifying them. Al-Ablani added that the training course was designed according to the highest international standards and latest techniques.

Al-Ablani highlighted the uniqueness of NBK Academy as the first of its kind in the Kuwaiti private sector which is specifically focused on providing training and development to the bank’s national youth. The Academy aims at developing aspiring qualified future leaders of distinctively high caliber in all advanced banking disciplines. It also aims at fulfilling the bank’s aspiration to continually improve its services and expand its growth plans, both locally and regionally.

NBK Academy reflects the bank’s vision in placing sustainable development of human resources at the top of its priorities as a strategic objective and a shared responsibility between the government – represented by its various agencies – and the private sector which should fulfil its national responsibilities and increase its contributions towards nationalization and building new leadership capacities through continuous training and development.



Kuwait: NBK Participates in the opening of Maker Faire Kuwait

06.02.2018

 Held under the patronage of H.H. the Amir, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and with the attendance of Minister of Works and the Minister of State for Municipal Affairs Hossam Al-Roumi, Kuwait Expo 2018 ‘Maker Faire Kuwait’, was held for the second consecutive year at the International Fairground, Mishref, in Kuwait at hall number 5. National Bank of Kuwait (NBK) was the platinum sponsor to this event organized by Kuwait Investment Company, as part of Kuwait International Trade Fair “Kuwait Expo.”.

Minister Al-Roumi inaugurated the event alongside KIC’s officials, a number of ministers, diplomatic missions in Kuwait, Mr. Salah Al Fulaij, CEO of NBK Kuwait, Mr. Sulaiman Al Marzouq, NBK Deputy CEO and private and public sector officials.

Commenting on this occasion, Mr. Salah Al Fulaij, CEO of NBK Kuwait said: “NBK is extremely proud to be one of the pioneers of social responsibilities across Kuwait as it is always committed to developing its concept from a social service to sustainable plans for the benefit of the community and the national economy.  Accordingly, NBK is committed to supporting the youth and innovators in various fields, especially the industrial sector, which is currently taking a new direction in global economies in light of the steady technological development in the world".

Al Fulaij added that NBK is proud to be a main partner to Marker Faire Kuwait for the second consecutive year along with KIC, emphasizing the importance of launching such industries under the umbrella of widely spread and reputable global exhibitions.

He pointed out that NBK’s platinum sponsorship for the second year in a row, came after the first exhibition achieved its desired objectives last year, which culminated in a number of projects and ideas for young Kuwaiti manufacturers, some of which are in the pipelines for execution, while the others may catch a chance during the exhibition’s following sessions.

He pointed out that the Kuwaiti youth are enriched with both talents and innovative ideas, that calls for their support and implementation. He also pointed out that a number of Kuwaiti young talents have proved successful in implementing their own projects, which prompted NBK to continue supporting these national cadres and invest in them to have a more effective role in society.

He invited the fair’s visitors to participate in its events and to view the latest ideas, projects and products as well as to participate in the jury panel and provide their comments to identify the best projects at the exhibition in to receive support and be implemented.



Kuwait: NBK honored for CIO 100 Awards by CNME

05.02.2018

Digital innovation has become a critical component of modern banking and at the forefront, leading this development in the Middle East, stands National Bank of Kuwait. NBK’s innovative digital solutions are reshaping banking at a time when more and more customers are seeking digital options for their daily personal and business banking needs.

In the latest affirmation of the bank’s leadership position, NBK Group Information Technology has been chosen as a winner of the 2018 CIO 100 Awards, organized by Computer News Middle East (CNME) magazine. The prestigious industry award celebrates Information Technology leadership groups who are leading the development and implementation of innovative best practices in banking and finance.

NBK was honored during the annual CIO 100 Symposium & Awards Ceremony held in Dubai on 29 January 2018 and will be featured in the February 2018 issue of CNME magazine.

The award was presented to Mr. Yousef Al Kateefi, Executive Manager who received the award on behalf of the NBK Group Information Technology.

“Winning the CIO 100 Award cements NBK’s leadership role in digital innovation,” said Nikolas Sfikas, NBK’s Group CIO. “It confirms that we are not only on the right path, building stronger, safer and more efficient digital financial solutions but also that our industry peers value what we are doing.”

“NBK leads the way in developing innovative Fintech solutions with a customer-centric approach,” added “We are delighted to recognize and honor NBK’s contribution to these important developments in the Fintech sector and in technology in the Middle East.”

CNME was established more than two decades ago and enjoys a readership of 75,000 readers per month with a focus on IT issues and news of local relevance, business benefit and technology for decision makers. 

National Bank of Kuwait continues to develop award-winning digital and financial products and services. Its newly redesigned and rebuilt website, NBK.com won the notable Web Marketing Association (WMA) 2017 WebAward for ‘Bank Standard of Excellence’. NBK was honored specifically for the website’s mobile-responsive and innovative design.

NBK’s Tap & Pay card and wearables are another strong example of the bank’s push for innovative digital solutions that meet the lifestyle needs of today’s customers.

Customers can learn more about NBK Tap & Pay and other products and services by visiting NBK.com.



Kuwait: NBK offers the best loyalty rewards program in Kuwait

04.02.2018

National Bank of Kuwait offers the best loyalty rewards program in the country for its credit card holders. NBK’s Rewards program offers instant cash back, allowing customers to earn points (and cash back rewards) for every 1 KD spent at participating outlets.

 NBK takes the reward program idea to a whole new level, almost expanding it to every major local and international brand in Kuwait and giving our customers the best possible service.

NBK has expanded the popular Rewards loyalty program to include more than 700 local and international brands in clothing, dining, entertainment and lifestyle. Customers can shop at their favorite local or international brands, dine out at their favorite restaurants and spend time with family and friends enjoying their favorite activities while earning reward points for future purchases. The Rewards loyalty program is available to all NBK credit card holders.

 NBK Rewards is tailored to today’s consumer, who places value on leveraging their spending power.

 NBK consistently offers the best-in-class services and products and rewards loyal customers with one of its kind benefits and promotions.”

NBK Rewards offers a simple and easy way for customers to benefit from their spending habits. NBK customers can use their NBK Visa, Mastercard or Diners Club at participating Reward outlets to earn NBK Reward points. Customers will receive up to 20% of their payments as reward points. Customers can earn 10 reward points for every KD 1 spent at a participating partner.

Now fully digital, NBK Reward Program allows customers to always have the most updated information on the number of points earned through NBK Mobile Banking app. To learn more customers can visit NBK’s award-winning website or call the NBK Call Center at 1801-801. Check out the ‘Right for me’ comparison tool to help choose the right card for you.



Kuwait: NBK Most Valuable Banking Brand in Kuwait with a value of US $1.748 bn

03.02.2018

National Bank of Kuwait (NBK) was recognized as the most valuable banking brand in Kuwait in 2018 according to Brand Finance, the renowned brand valuation agency. NBK ranks among the Top Tier of the Most 500 Valuable Banking Brands in the world.

According to Brand Finance, NBK’s Brand value reached USD 1.748 billion, up 9.8% year-on-year. Also, NBK’s brand rating is ranked AA+, among the top in the region.

This recognition reflects customers and shareholders’ trust in NBK as well as the bank’s strong reputation locally and regionally. 

Brand Finance’s valuation assesses the dollar value of the reputation, image and intellectual property of the brand. It considers a number of relevant attributes such as financial performance, revenue forecasts, growth rates, brand strength index, sustainability and analysts’ insights, amongst others.

NBK continues to collectively enjoy the highest ratings 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 risk management, in addition to its highly recognized and very stable management team. In 2017, NBK was also named among Global Finance’s list of the 50 safest banks in the world for twelve consecutive times.

NBK has the widest banking presence with more than 170 branches worldwide. NBK’s international presence spans many of the world’s leading financial centers including London, Paris, Geneva, New York and Singapore, as well as China (Shanghai). Meanwhile, regional coverage extends to Lebanon, Jordan, Iraq, Egypt, Bahrain, Saudi Arabia, the UAE, and Turkey.



Kuwait: NBK supports beautifying Al Shaab Park with the contribution of LOYAC and Centre 21

02.02.2018

National Bank of Kuwait (NBK) supported beautifying Al shaab Park initiative and transforming the wall of the park to a colorful painting with the contribution of LOYAC and Centre 21for young adults with special needs.

This initiative comes as a part of a wider philanthropic scheme that includes involvement of NBK in a series of cultural activities meant to encourage our community to follow suit the influential message of art and support special needs talents.

More than 100 participants from Loyac and center 21 volunteered in this initiative. The beautifying of the park embraced creative colorful drawings on tires that were distributed all over the park.

Commenting on the occasion, NBK’s Public Relations Team Leader, Yaqoub al Baqer said that NBK's commitment to the community by far exceeds the role normally expected from a banking institution and embraces a broad spectrum of social and philanthropic involvement.

"NBK has a long tradition in the adoption and support of social and cultural initiatives. Our vision have met with LOYAC to engage Center 21 in this initiative which we look through it to see a beautiful, colorful  Kuwait signed by talented Kuwaitis," he added.

It is worth mentioning that NBK has undertaken several major initiatives to demonstrate its full support for society, including the creation of the NBK Children Hospital at Al Sabah Medical Area to provide medical attention for children suffering from chronic and incurable ailments, in addition to the annual budgets allocated for supporting the various charitable and philanthropic projects. 

Center 21 is the first facility of its kind in Kuwait to provide complete and sophisticated services for young adults above 21 years old. The center’s activities varies from entertainment, field trips, development courses, rehabilitation sessions in addition to development services as physical therapy, speech therapy, occupational therapy focus skills , nutritional counseling and encouraging self-reliance and independence.

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: NBK names Al Jawhara KD 125,000 winner

02.02.2018

National Bank of Kuwait (NBK) announced that Afiffa Mohamed Dashti has won the KD 125,000 monthly Jawhara award. The draw was conducted in the presence of a representative from the Ministry of Commerce and Industry and NBK executives and was announced live on air on radio FM 88.8 on January 30, 2018 at 1:30 P.M.

NBK also announced the winner of NBK Shabab Prepaid Cards “Save More” campaign. The new MINI Cooper prize which is being offered by NBK in collaboration with VIVA for the second consecutive year is part of the exclusive deals and offers presented to Al Shabab Visa Prepaid Card holders including access to NBK largest loyalty reward program, NBK Rewards Programs with more than 700 partner outlets. Al Shabab members also receive exclusive discounts, including pop up offers, contract and annual deals like 20% off yearly memberships to Platinum Health Club and 50% off movie tickets with Cinescape on weekends.

Through its weekly, monthly, and quarterly draws, NBK rewards its most loyal customers with a total value of KD2,200,000 every year since 2012. NBK customers still have an opportunity to double their chances to win by keeping their money in Al Jawhara Accounts without making withdrawals.

Since the beginning of January, has awarded weekly prizes of KD 5,000 to Jawhara weekly draw winners: Wasima Saleh Abu Marzouk, Minor/ Mansour Rashid Al Qallaf, Mohammed Ahmed Omar and Zuhra Abdul Rida Qassem.



Kuwait: Successful evacuation during a fire drill at NBK’s Head Office 2

01.02.2018

The National Bank of Kuwait (NBK) has successfully organized an evacuation drill at its NBK Head Office 2 in Al-Mubarakiya area to evaluate its contingency plans. The drill was conducted in coordination with the Ministry of Interior, the Fire General Directorate and the Ministry of Health Department of Emergency Medical Services.

Mr. Khalid Al-Matrouk, Director of NBK Group Security said: "The evacuation drill was conducted as part of the security system implemented by the bank, which requires periodic execution of this process on the bank's premises to ensure the readiness of both the facilities and employees to face any emergency situations".

He added that NBK’s practices of continuously carries on evacuation drills have significantly contributed to enhancing the bank employees’ expertise in dealing with emergencies and accidents. That was clearly evident during the evacuation process, as the employees showed utmost compliance with the bank’s approved evacuation plan. The drill, which took around 10 minutes, was conducted in an orderly manner through the emergency exits and was supervised by the security team.

Al Matrouk also highlighted that NBK is always keen to train its staff on practicing evacuation drills in order to ensure their safety. He expects that this experience would be replicated in other NBK branches to enhance employee readiness during emergency situations.   

He also praised the efforts of the Ministry of the Interior, the Fire General Directorate and the Ministry of Health Department of Emergency Medical Services on their highly effective role in spreading awareness related to safety procedures and training employees from a wide range of institutions on how to face emergency situations.

NBK is keen on continuously organizing training sessions and seminars for its employees targeting safety and security procedures in line with the bank’s commitment to implement the highest safety standards in the world.



Kuwait: Exclusive offer from NBK to purchase BMW and MINI Cooper cars

31.01.2018

National Bank of Kuwait (NBK) is keen to continuously provide financing solutions that meet all its customers’ needs. Through its new collaboration with Ali Alghanim & Sons Automotive, the exclusive dealer of BMW and MINI Cooper in Kuwait, NBK exclusively offers financing solutions to enable its customers to purchase the latest models of those leading German brands. This new initiative comes in line with NBK's wide range of services to different market segments, especially those seeking the highest levels of luxury.

“NBK is always keen on providing its customers with exclusive opportunities through launching such exclusive campaigns and offering unique services”, said Hanadi Khazal, Assistant General Manager- Consumer Banking Group, National Bank of Kuwait. “Through our cooperation with “Ali Alghanim & Sons Automotive” we provide an exceptional offer for our customers seeking to purchase the latest BMW and MINI Cooper models at competitive prices. When you purchase a new BMW or MINI Cooper, you enjoy up to KD 1,500 down payment support offered by Ali Alghanim & Sons Automotive Company, in addition to numerous advantages including free warranty for 5 years and free service for 4 years.” She explained. 

She added that the offer  is valid from January 14 to February 28, 2018, and that customers need to submit any NBK credit card or ATM card to the automotive agency, explaining that this offer comes in line with NBK’s efforts to offer value added, more progressive and innovative services to its valued customers.

NBK enjoys the largest presence in Kuwait with its wide geographic reach, covering more than 30 locations and dealerships to reach all customers thus enabling them to sign directly with any of NBK's branches located across Kuwait.

Moreover, NBK offers the best car financing solutions through filing an easy application either directly in person at one of NBK branches or via “NBK Online”. In addition to providing the most convenient way to apply for a car loan, NBK’s applications are processed swiftly and with the most competitive terms.

Meanwhile, Mr. Yousef Al Qatami, General Manager of Ali Alghanim & Sons Automotive said that NBK is the first bank across Kuwait to provide car financing solutions. He added that Ali Alghanim & Sons Automotive Company is committed to enabling the largest segment of customers to purchase and drive away with the leading prestigious car brands like BMW and MINI Cooper through providing numerous convenient purchase options. "We are very pleased with our ongoing cooperation with NBK in bringing forward the best offers and exclusive opportunities to our customers." He concluded.



Kuwait: NBK welcomes trainees from Little Loyacers program

30.01.2018

National Bank of Kuwait (NBK) recently hosted trainees from Little Loyacers program, who visited the bank’s training center in Head Office (2) to know about the learning activities in the banking industry and widen their experiential Knowledge.

NBK Senior Trainer, Ahmad Al Awadi, accompanied the students on their visit where they had the chance to know the kind of learning offered and different levels accessible including the courses that are related to building knowledge, expertise and awareness.

The students had the chance to learn about the broad range of banking basics, saving and managing accounts.

It’s worth mentioning that the Training Center offers programs that are designed to fit different levels of trainees ranging from school graduates to university students and diploma holders in addition to employees from different sectors and ministries.

The visit is part of NBK’s cooperation with Loyac to support youth. The visit comes also as part of the bank’s ongoing commitment to its corporate social responsibility program and to promoting the education and development of the country’s youth.

It’s worth mentioning that NBK regularly hosts students on field trips from both public and private schools in Kuwait and provides them with information about the banking industry and career opportunities.



Kuwait: NBK expands its “Choose Your Car and It Will be Delivered to You for a Test Drive”

29.01.2018

National Bank of Kuwait NBK’s campaign “Choose your Car and It Will Be Delivered to You for a Test Drive” in cooperation with selected auto dealers across Kuwait was met with huge success, therefore, the bank expanded it to include more auto dealers in addition to extending the offer until further notice to fulfill its customers’ needs and demands.

This exclusive service allows NBK customers to test drive their dream car without visiting the dealership. Customers may select the car of their choice and NBK will coordinate with the participating car dealers to deliver the car to the customer for a test drive as well as to offer the best auto deal financing.

Participating auto dealers include: Abdul Rahman Al Bisher and Zaid Al Kazemi “"Mercedes-Benz”,  Abdulmohsen Abdulaziz AlBabtain “Infinit-Nissan”,  Alghanim Automotive “Lincolin”, Alghanim & Sons Automotive “BMW – MINI - Range Rover”, Kuwait Automobile and Trading Company “Jaguar”, Mohammed Nasser Al-Sayer & Sons “Lexus” Al-Qurain Automotive Trading Company “Volvo”, Alghanim “Lotus Evora 400”, Al-Mulla International Auto Trading Company “Acura”.

NBK always distinguishes itself by providing the best innovative services and banking solutions for customers. The bank is the first to offer this service across Kuwait, where customers may book their test drive by calling NBK Call Center at 1801801 to coordinate with the auto dealer to deliver the car to them wherever they are in Kuwait.

NBK is expanding this service due to the tremendous response since its launch, it also comes in line with the bank’s keenness to  provide a wide range of services to different market segments, especially those seeking the highest levels of luxury.  



Kuwait: Kids win KD 250 with NBK’s Save & Win with Zeina

27.01.2018

National Bank of Kuwait believes in educating children in financial literacy and savings and works through its Zeina Savings Account to promote responsible saving and spending habits. On 23 January 2018, NBK announced the final winners of the Zeina Save & Win Campaign, held in collaboration with Kidzania.

Ten lucky children won cash prizes of KD 250 each, deposited into their Zeina Savings Account. The winner’s names were announced live on Nabth Al Kuwait radio program on 88.8 FM. The draw was held in the presence of senior NBK officials and officials from the Ministry of Commerce and Industry.

“Zeina Save & Win was a successful campaign that raised awareness among parents and children the importance of financial literacy,” explained Amal Al-Duwaisan, Senior Manager Consumer Banking Group, National Bank of Kuwait. “NBK strives to develop our future generations and offers products and services specifically tailored to suit their needs and develop their potential.”

Winners for the forth and final Zeina Save & Win campaign draw:

1. HAMAD MOHD HAMAD ALHADDAD
2. ABDULLAH RAKAN ABDULLAH ALREFAEI
3. BADER FAHAD ABDULAZIZ AL QATTAN
4. DANA ABDULLA BADER ALSHEMAL
5. NOUR LOAY ABDULHAMID AL QATTAN
6. MAHDI HASAN ISMAIL HUSSAIN
7. FATIMA MOHAMMED ABDULLAH SHEHAB
8. YOUSEF YAQOUB YOUSEF HAIDAR
9. FAISAL SABAH SAMI ABDULSALAM
10. FAY MOHAMMAD ISMAEIL SADEQI

The Zeina Savings Accounts encourages children to learn about banking. It serves as an excellent tool for parents to teach children about saving and spending responsibly and how to utilize digital tools like NBK’s award-winning website, NBK.com or the NBK mobile app to manage their account.

Children under 15 years old with an NBK Zeina savings account in their name received one entry into the quarterly draw for every KD 10 that was deposited into their account during the campaign period. Parents who set up a standing deposit order doubled their child’s chances of winning.

A total of 40 young winners were awarded the KD 250 cash prize. The Zeina Save & Win Campaign ended 31 December 2017 and the 23 January announcement is the final 10 winners.

National Bank of Kuwait, a leading Kuwait bank, has been listed among the World’s Safest Banks 12 consecutive times by Global Finance magazine. NBK enjoys the highest credit ratings by international credit rating agencies, Standard & Poor’s, Moody’s and Fitch Ratings.

Customers can benefit from NBK’s Rewards Loyalty Program network, the largest in Kuwait. The NBK Rewards program includes more than 700 partner outlets restaurants, fashion brands, lifestyle shops, hotels, travel and entertainment for children. Parents can set up a Zeina account for their children by visiting a local branch or NBK.com website.



Kuwait: NBK Visa Signature offers access to over 800 Airport Lounges Worldwide with one complimentary guest

23.01.2018

NBK Visa Signature Credit Card, available by invitation only, offers one of the most sought-after perks: free lounge access to the NBK Signature Credit Cardholder and a guest to over 800 lounges at more than 300 airports around the world. This is exclusively for NBK Visa Signature Credit Cardholders. The privileged ‘lounge key’ program makes traveling easier, convenient and more relaxing for NBK Credit Card cardholders.

“NBK customers travel frequently and widely. The LoungeKey program answers a real need for access to the best airport lounges around the globe,” said Mr. Jaya Rupanagudi Head Of Cards Products, National Bank of Kuwait.

NBK continually adapts and expands products and services to meet the modern lifestyle needs of its clientele. LoungeKey access provides NBK’s well-traveled customer base with a practical and important benefit.

The airport lounge access usually includes a wide selection of free food and beverages, a relaxing atmosphere often with reclining chairs and quiet areas as well as free WiFi and mobile device recharge points for the busy business traveler. Business class lounges may also include free showering facilities, concierge services and more.

Customers who accept the NBK Visa Signature Credit Card invitation can also enjoy access to the largest loyalty Reward Program in Kuwait, with more than 700 participating lifestyle brands, restaurants and shops.

Signature Visa Credit Card holders can also enroll to the best Miles Program, earning travel points for every KD spent locally or abroad; free travel insurance; fast track immigration services at 380 international airports, free valet parking, global concierge services, fraud and purchase protection and additionally benefit from access to hundreds of offers from Visa on luxury hotels (visaluxuryhotels.com) and fine dining restaurants ().

NBK Credit Card cardholders will also be able to avail NBK Secure Shopping when making purchases online, ensuring an added layer of protection against fraud and identity theft.

NBK offers Credit Cardholders a wide array of benefits, rewards and access to fraud protection, travel insurance, concierge, discounts and promotions on hotels, car rental and fine dining as well as NBK Miles points and more. Learn more at NBK.com website.



Kuwait: NBK reports net profits of KD 322.4 million for FY 2017

22.01.2018

National Bank of Kuwait (NBK) reported net profits of KD 322.4 million (USD 1,068.3 million) for the year 2017 compared with KD 295.2 million (USD 978.2 million) in 2016, growing 9.2% year-on-year.

Total assets as of year-end 2017 reached KD 26.0 billion (USD 86.3 billion) up 7.4% compared to year-end 2016, while total shareholders’ equity increased by 5.0% to KD 2.9 billion (USD 9.5 billion). Customer loans and advances reached KD 14.5 billion (USD 48.1 billion) as of year-end 2017, 6.5% up from last year’s levels. Customer deposits grew by 9.3% year-on-year to reach KD 13.8 billion (USD 45.7 billion) as of year-end 2017.

Asset quality metrics remained strong with NPL/Gross Loans ratio at 1.42% as of year-end 2017, and NPL coverage ratio at 287%; reflecting NBK’s resilient risk management approach.

NBK Board of Directors has proposed the distribution of 30 fils per share cash dividend, representing 30% of the nominal share value. The board has also proposed the distribution of a 5% bonus shares (5 shares for every 100 shares) for the year 2017.

Nasser Al-Sayer, NBK Group Chairman said “NBK recorded promising performance in 2017 demonstrating the resilience, quality and diversity of earnings in a globally challenging operating environment. The Group maintained its leadership in Kuwait while successfully strengthened synergies between its international operations to deliver an ultimate customer experience”.

“The Group’s net operating income grew by 10.4% year-on-year to KD 822.7 million (USD 2,726.3 million), primarily driven by core banking activities as business volumes continued to grow thus ensuring NBK’s successful strategy implementation” Al Sayer added.

Al-Sayer also added that “Credit growth in Kuwait remains solid supported by positive economic activity as the government’s capital spending program remains intact. Kuwait’s fiscal position is better than peers given the substantial buffers and strong sovereign ratings; creating room for acceleration in spending despite lower oil prices”.

“The Group is committed to contributing positively to Kuwait’s economic growth and remains fully supportive of the New Kuwait vision 2035. NBK’s robust financial position, strong franchise, diversified business model in addition to its regional and global presence, has positioned the Bank as the country’s foremost financial provider and the largest beneficiary of the growing government expenditure”. “Additionally, and in line with our commitment to the economic development of Kuwait; NBK remains highly committed to its corporate social responsibly being consistently the largest contributor to the community year after year”. Al-Sayer highlighted.

Isam Al-Sager, NBK’s Group Chief Executive Officer said; “the solid results of NBK reflect a period of strong growth and robust operating performance. Given the Bank’s adequate capitalization, stable funding and ample liquidity conditions; NBK continues to benefit from emerging opportunities locally and regionally, affirming the Bank’s income diversification strategy and improved profitability trends”.

“In the context of income diversification, NBK maintained its leadership position across business segments in Kuwait and further strengthened that position as Boubyan Bank continues to drive the growth on the Islamic Banking front. The acquisition of a 58.4% stake in Boubyan Bank in 2012 was a long-term strategic move by NBK. We continue to see very positive momentum at Boubyan Bank, which contributed around 14% of the Group’s profits in 2017.”

“On the other hand, NBK’s International operations remained highly profitable contributing 28% of the Group’s total profits. Our regional and international growth strategies continued to focus on Egypt and GCC countries while the improved synergies across other locations increases opportunities of cross selling and business optimization, which all supports more diversified assets, client base and income streams”. “During the year, we transformed our representative office in China to a branch and received SAMA approval to open two new branches in Saudi Arabia”, Al-Sager added.

In 2017, NBK issued USD 750 million, 5-year senior unsecured debt in May as part of a USD 3.0 billion Global Medium Term Notes (GMTN) program. Being three times oversubscribed, the issuance attracted sizable demand, especially from US investors. The issuance was priced at 29 bp above the yield on the respective Kuwait sovereign bond, the tightest spread amongst our regional peers. The issuance comes in line with the Bank’s strategy of enhancing its funding profile by diversifying the funding sources and extending the liabilities’ duration.

The Group maintained strong levels of capitalization throughout the year. As of end-December 2017, NBK’s capital adequacy ratio (CAR) reached 17.8%, comfortably exceeding regulatory requirements.

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 risk 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 twelve consecutive times and was awarded as the Best Bank in Kuwait in 2017 by the Banker, Euromoney and Global Finance.

NBK enjoys the widest banking presence with a local and international network reaching 4 continents. NBK’s international presence spans many of the world’s leading financial centers including New York, Europe, Singapore and China; in addition to its presence in MENA.



Kuwait: NBK Al Shabab prepaid cardholders enjoy 50% discount on KNCC tickets every weekend

21.01.2018

National Bank of Kuwait makes the most of each customer’s banking experience by offering special discounts and rewards tailored to suit their lifestyles. Now Al Shabab prepaid card holders can get more fun out of their weekends with a massive 50% discount on movie tickets at (Cinescape) cinemas.

“NBK customers enjoy sharing their weekends with family and friends,” explained Ms. Dalal Yousef Al-Mulla, Marketing Planning and Execution Manager at the Consumer Banking Group, National Bank of Kuwait. “We are delighted to collaborate with the Kuwait National Cinema Company (KNCC) the leading company in the Cinema industry to provide this valuable offer for NBK Al Shabab Prepaid Cardholders.”

Each account holder can purchase one (Standard 2D/ 3D) ticket per day at the discounted price every Friday and Saturday.

Kuwaiti college or university students ages 17 to 23 may apply for an Al Shabab prepaid card online. The recharge-as-you-go feature, available online or through the NBK smart phone App, helps students budget their monthly allowance, making it easy for them to transfer money as needed for expenditure while tracking all spending.

NBK Al Shabab Prepaid Card holders enjoy valuable, exclusive benefits including access to Kuwait’s single largest loyalty reward program, NBK Rewards, with more than 700 partner outlets. Shabab Prepaid Card holders also receive exclusive discounts, including pop up offers, contract and annual deals like 20% off yearly membership to Platinum Health Club.

NBK Al Shabab prepaid cardholders also enjoy exclusive access to many innovative products and services like online Secure Shopping and Tap & Pay wearables. NBK is the only bank in Kuwait which offers the Tap & Pay service on stickers and wristbands which simplify and ease payments while taking contactless payments even further. To pay for any transactions up to KD 10, Shabab prepaid cardholders simply tap their card, sticker or wristband on the POS machine. Any transaction above KD 10 will require a PIN to be entered on the POS terminal.

The innovative service highlights NBK’s drive to introduce best-in-class banking products and services and cutting-edge technology to provide the ultimate banking experience without compromising on security. NBK’s Tap & Pay service adheres to the highest international security standards, further supporting NBK’s position as one of the 50 safest banks in the world.

Visit NBK.com to learn more.



Kuwait: NBK grants children’s wishes: Mahdi visits Ferrari World through Kuwait Airways

18.01.2018

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.

Mahdi Abdul Aziz who is undergoing treatment at NBK Hospital, has always dreamt to visit Ferrari World. NBK helped in making his dream come true and visit this entertainment city through Kuwait Airways.

Before going on the flight, NBK team welcomed Mahdi and his family at the airport where he was briefed about his trip and the activities waiting ahead.

Upon Arrival, Mahdi enjoyed a tour over Abu Dhabi where he stayed two days, one of which he spent enjoying all the adventures in his city of dreams “Ferrari World”.

 “Mahdi’s dream to become a pilot is yet another wish granted through NBK’s initiative “I dream to be”. 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.

“I Dream to be initiative is a lifetime experience for children not only with life-threatening conditions but children with special needs as well,” 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.



KSA: NBK – Saudi pays SR1,000 to cover the cost of living adjustments to all its employees

17.01.2018

In line with the Royal Orders issued by the Custodian of the Two Holy Mosques King Salman bin Abdul Aziz and Crown Prince His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, National Bank of Kuwait – NBK Saudi announced that it paid SAR 1,000 to each of its employees to cover the cost of living adjustments in its efforts to alleviate some of their economic burdens and costs. 

Mr. Hani Yahya Al Ghalib, General Manager, National Bank of Kuwait – Saudi Arabia said: “NBK employees are the cornerstone on which we build all our achievements, therefore, we are always striving to keep up with all the initiatives that would provide the required development and support to them. Moreover, implementing the Royal Order to pay the cost of living adjustments to our employees is also part of our corporate social responsibility".

Al Ghalib expressed his sincere thanks and appreciation to the Custodian of the Two Holy Mosques and the Crown Prince for their great efforts and continuous endeavors to provide a decent and safe life for Saudi citizens, reflecting their keenness to continue the path of growth, prosperity and stability in the Kingdom. He also praised the recent governmental economic decisions seeking to conform to the development plans and their progress.



Kuwait: Protect yourself when shopping online with NBK Secure Shopping

16.01.2018

NBK continually innovates products and services to suit the lifestyle needs of its customers. NBK Secure Shopping is tailored to provide NBK customers with a simple, safe and secure way to shop online and keep their credit card details protected.

Around 57% of adults in Kuwait regularly shop online, according to a recent Ipsos study. Items most often purchased include clothes (53%), travel (48%), perfumes (11%), electronics (10%) cosmetics (8 percent) and shoes (7%) as well as household items, toys, games and handbags.  

“Purchasing goods and services online is a part of modern life and NBK works diligently to protect our customers,” explained Hanadi Khazal, Assistant General Manager- Consumer Banking Group, National Bank of Kuwait.

The process is simple and free. NBK customers can utilize the secure shopping facility automatically whenever shopping online. They will be directed to a secure webpage that asks for a one-time password (OTP). The OTP is sent to NBK credit card and debit cardholders via e-mail and SMS. Once a customer receives the OTP, he/she can input the one-time password to complete the purchase.

“Customers pay for online purchases with debit cards 55% of the time and pay with credit cards around 38% of purchases online. By creating NBK Secure Shopping in partnership with Mastercard Secure Code and Verified by Visa, NBK makes using credit cards a smarter, safer choice when shopping online,” said Khazal.

The added layer of security ensures that the person making the purchases is the cardholder. NBK credit card and debit cardholders do not need to register to avail of the NBK Secure Shopping facility.

NBK Secure Shopping is part of the bank’s long term effort to ensure the safety and security of its customers’ digital financial transactions. NBK offers a variety of safety features for online transactions. It also maintains its position among the 50 safest banks in the world for the 12th consecutive year.

NBK continues to collectively enjoy the highest credit ratings 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 disciplined approach to risk management, in addition to its highly recognized and very stable management team.



Kuwait: NBK team puts ‘Innovation’ into practice

15.01.2018

National Bank of Kuwait (NBK) participated in the Innovation Challenge program organized by Kuwait Foundation for the Advancement of Sciences (KFAS) in cooperation with UCLA Anderson School of Management.

The program is aimed to develop the team’s innovation capabilities through resolution of a challenge or a specific innovation project related to NBK.

The Innovation Challenge started in Kuwait on Jan 7, 2017 and will continue for 4 months. Towards the end of the program, the assigned team will undergo the final module in UCLA Anderson School of Management.

NBK is committed to being one of the biggest advocates of corporate social responsibility in Kuwait, and in specific in the fields of education, supporting students and national talents. The Bank believes in the importance of providing Kuwaiti youth with the opportunities that will enable them to perform and demonstrate their capabilities, as well as in investing in them through training programs held throughout the year to help them gain experience and qualifications and arm them to enter the work market.

NBK places as well great importance in supporting the development of its employees through specialized training programs designed as per academic and scientific standards, providing them with diversified training and professional development programs which are delivered by leaders in the banking and financial sector.



Kuwait: NBK announces largest network of NBK Tap & Pay enabled POS terminals in Kuwait

10.01.2018

The National Bank of Kuwait (NBK) continues to introduce innovative payment solutions through the NBK Tap & Pay, available for wristbands and stickers, placing it as one of the most advanced non-traditional payment technologies in Kuwait and the Gulf, giving customers the ability to pay with a simple tap at POS terminals.

With the largest network NBK Tap & Pay terminals in Kuwait comprising of 6,900 terminals, NBK allows users to pay with a tap by using the wristband, sticker, credit or debit cards, or pre-paid cards to make secure payments at restaurants and retail stores, adapting to the lifestyle of customers.

Sanad Al-Shatti, Senior Manager- Products, Consumer Banking Group at NBK said: "NBK Tap & Pay service has seen an unprecedented response from youth as it suits their lifestyle, and saves them time and effort by using an innovative service that is designed with the latest banking technology and highest standards of safety and privacy.”

Al-Shatti added: “The service enables customers to let go of their money wallet and other banking cards thanks to a secure and easy-to-use payment solution that utilizes NBK Tap & Pay wristband and sticker. The new service complies with international security standards, further strengthening the Bank’s position as one of the 50 most secure banks in the world.”

Al-Shatti also said that the NFC technology in the wristband and sticker allows customers to easily make payments for daily purchases that do not exceed KD10 by simply tapping them to the NBK Tap & Pay enabled POS terminals, without the need to enter a PIN code or sign a receipt. As for payments ranging from KD10 and KD100, customers can use the NBK Tap & Pay service by tapping the POS terminal and entering their PIN Code.

He continued saying that customers receive points to their NBK rewards program when using the NBK Tap & Pay wristband, sticker and cards at more than 700 participating stores. NBK's online and mobile services also allow customers to complete their banking transactions in the place and time that suits their needs.

The NBK Tap & Pay service comes as part of NBK’s continued efforts to provide customers with the best international banking products and services, using the latest technology and offering a superior banking experience without compromising on the security of customer’s accounts and the confidentiality of their information.

Al-Shatti added that NBK cards also provide free travel insurance, covering a total value of US$1 million as part of the Bank’s endeavors to provide convenience and safety to its customers when travelling.

He pointed out that customers are always notified by SMS of changes to their bank account or credit card, and are immediately answered to through the NBK WhatsApp service. Free international call service is also offered through the Bank’s telephone service to eight countries, in addition to ATMs, cash deposits and other banking products and services.

Award-winning NBK is committed to developing products and services that suit the different lifestyles of customers for the present and the future. For more information about the NBK Tap & Pay and the Bank's innovative products and services, please visit NBK.com.



Kuwait: NBK participates in the fifth season of “Qout Market”

08.01.2018

National Bank of Kuwait (NBK) participated in Qout Market’s Fifth Season at Al Shaheed Park this past Saturday as part of its endeavor to provide a genuine opportunity for Kuwaiti youth to showcase their local products. This comes in line with the bank's efforts to motivate and support young entrepreneurs and their involvement in the development of the national economy. NBK continuously seeks to keep the lines of communication open with the youth group in particular, to stay close to them and keep abreast of their needs and requirements.

NBK Public Relations officer, Farah Bastaki said, “"NBK’s participation in Qout Market is part of its ongoing efforts to provide support and care to national youth and to constantly interact with them”.

Bastaki highlighted that Qout Market presents an amazing gathering for exchanging ideas and a platform for Kuwaiti producers to offer their products to the public. In previous seasons, the market attracted large numbers of fans eager to explore locally manufactured products.

Bastaki added that NBK’s participation in Qout Market this year has taken on a sports nature as the bank offers its clients a chance to win a trip to the 2018 FIFA World Cup finals held in Moscow in July 2018, when they use their NBK Visa Credit Cards or NBK Visa Debit Cards.

She explained that NBK offers its clients a chance to enter the draw to win an exclusive prize to attend 2018 FIFA World Cup Russia Final packages (maximum of two people). Every KD 1 spent locally using NBK Visa Credit Cards or NBK Visa Debit Cards gives you 1 entry in the draw and 3 entries for every KD 1 spent abroad.    

 



Kuwait: NBK: Gold sponsor of the Energy Strategy Forum for Third Year in a Row

07.01.2018

The National Bank of Kuwait (NBK) announced its gold sponsorship of the Energy Strategy Forum for the third year in a row, which will be held on January 31 at the JW Marriott Hotel in Kuwait.

NBK will participate in the Forum, which will be hosted by Kuwait Petroleum Corporation (KPC) and the Petroleum Economist and inaugurated by His Excellency the Minister of Oil and the Minister of Electricity and Water, Bakhit Al-Rashidi, and the Chief Executive Officer of KPC, Mr. Nizar Al-Adasani. The Forum will be attended by high-level economic executives from Kuwait and the region in addition to representatives of international oil and gas companies. 

In the first panel of the Forum titled “Achieving Balance in the Oil Market in 2018”, Senior Economist at NBK, Mr. Omar Al-Nakib, will discuss the outlook for the oil market in 2018 and provide insights on the key factors and trends affecting oil prices. The panel will also focus on the Saudi-Russian cooperation, the prospects for shale oil and the strategies adopted by non-OPEC oil producers, with a view to assessing their impact on the oil market.

The first panel will also discuss the crude production capacity of Gulf countries, the most significant changes expected to take place in 2018, the dollar’s impact on oil prices, and the impact of China’s decision to price oil in its currency.

The second panel of the Forum, titled “Challenges in Financing Energy Amidst Market Changes”, will host the Managing Director Head of Investment Banking at NBK Capital, Mr. Rani Selwanes. The panel will discuss challenges in financing oil projects in the context of low oil prices, expected capital spending on oil projects and convenient debt ratios on the medium term as well as the impact of governance and transparency requirements on national oil companies.

The participation of NBK in the Forum is borne out of the bank’s desire to share its expertise to support the Kuwaiti oil sector and reaffirm its commitment to the long-standing strategic partnership with KPC and its subsidiaries; NBK has been KPC’s leading banking partner for over four decades. 

NBK maintains its leading position as the highest ranked credit institution among banks in the Middle East, as rated by the three international credit rating agencies, Moody’s, Fitch and Standard & Poor’s. The ratings are supported by a series of strong performance metrics such as high capitalization, sound debt policies, a systematic risk management approach, as well as a highly-capable management team. NBK is also ranked among the 50 safest banks in the World for the 12th year in a row by Global Finance.



Kuwait: NBK sponsors LOYAC’s 8-day trip to Thailand

06.01.2018

The National Bank of Kuwait (NBK) recently sponsored an eight-day trip organized by LOYAC to Thailand for over 18 young volunteers aged 14-18. The trip included various activities designed to probe local culture through field work, visits to Thailand’s landmarks such as rice farms, elephants’ conservations as well as taking part in field voluntary activities.

 In this regard, NBK’s PR Manager Ya’qoub Al-Baqer stressed that NBK is always keen on supporting the youth by sponsoring such educational and training programs that encourage them to open to

other cultures, develop their skills and knowledge, think about their own future as well as develop their academic and practical experiences.

Al-Baqer also stressed that sponsoring the trip came as part of NBK’s constant support to LOYAC’s activities which are aimed at empowering Kuwaiti youth and developing their skills. Further, Al-

Baqer added that the program included visiting some local schools and taking part in workshops to teach Thai pupils English.

 He added that the trip also included some seminars about Thai cuisine, language, music and traditions including some famous martial art lessons.

 



Kuwait: NBK is the platinum sponsor for MakerFaire 2018

06.01.2018

National Bank of Kuwait (NBK) announced that it is the platinum sponsor of MakerFaire Kuwait 2018 for the second consecutive year in line with its support to Kuwaiti youth. The event held by Kuwait Investment Company under the patronage of the Amir of Kuwait HH Sheikh Sabah Al Ahmad Al Jaber Al Sabah, will be held during the period from February 6-10, 2018 at Hall 5 at Mishref International Fairground.

Kuwait Investment Company (KIC) organizes this flagship fair for the second year in a row, as per the exclusive privilege it acquired from the parent company in USA, to promote the perception of industrial projects for all society members by simplifying this concept and highlighting such innovative projects presented by the youth.

“NBK gives great consideration to the youth through its participation and sponsorship of many distinguished exhibitions that are geared towards their projects and ideas”. said Manal Al Mattar, NBK Public Relations Assistant General Manager.

Al Mattar added that NBK's platinum sponsorship for MakerFaire for the second consecutive year follows the great success of last year’s event which resulted in a number of projects and ideas presented by young Kuwaiti youth, some of which are currently in the pipelines for execution, while the others may catch a chance next year or during the exhibition’s following sessions.

 

Under the auspices of Kuwait Expo

She stated that NBK’s sponsorship of MicroFaire exhibition, which is organized this year as part of Kuwait International Trade Fair (Kuwait Expo), is in line with NBK’s social responsibility aimed at supporting all segments of society and its institutions, especially those that related with the youth, especially that they are in need of all the motivations they can get to be active partners in developing and serving the community. That was clearly evident from the talented participants who took part in last year’s fair, as they showcased many inspiring projects.

She stressed on the importance of join efforts to support Kuwaiti youth and strengthen the role of Kuwaiti manufacturing industry, encouraging both the public and private sector institutions to move forward in this direction.

She also pointed out that NBK reaffirms its leadership position through its initiatives and sponsorship to targeted community projects, as part of its environmental, social, economic and human resource development within the framework of its corporate social responsibilities.

 

Collaboration with Kuwait Investment Company

“NBK’s collaboration with Kuwait Investment Company, one of the pioneers of community work, comes within the framework of cooperation between NBK and all community active companies and organizations to provide its support in fulfilling their mission and its realization to the importance of supporting and developing new ideas and innovations in order to transform them to projects contributing to the advancement and development of society ". Al Mattar said. She also invited citizens and residents to actively participate in the four-day long exhibition to view the latest ideas and projects displayed and to meet with their owners face to face, in addition to recording their observations to identify the best projects participating in the exhibition besides the judging panel in which NBK will participate to select the most unique projects which merits all around support.    

Al Mattar expressed her gratitude to Kuwait Investment Company, which has undertaken the task of organizing this exhibition in such a great manner reflecting Kuwait's pioneering position. She also highlighted the event’s importance both locally and regionally, especially after the great success its achieved last year.



Kuwait: NBK provides dedicated Business Banking Call Centre agent

05.01.2018

National Bank of Kuwait has established dedicated team of Business Banking professionals to answer questions on the NBK Call Center hotline, 1801-801 anytime day or night.

The dedicated agents can help Business Banking clients activate new and existing credit cards, close or freeze a lost or stolen credit card or ATM card, activate e-pin and reset password for the Watani Online and answer queries on  Business facilities, Business Credit cards,  Online salary Portal, Point of Sale, Cash pick up and types of deposits etc.

“NBK has identified the needs of Kuwait’s growing entrepreneurial class of SME owners,” said Mr. Bader Al Mutawa, Assistant General Manager Consumer Banking Group, National Bank of Kuwait. “We have created specialized, tailored services to these customers’ needs and support their business growth.”

Benefits of the specialized Business Banking call center services includes 24 hours, seven days a week availability. This will support businesses around the clock and help prevent business disruptions or interruptions.

NBK Business Banking offers banking and payment solutions for local businesses in Kuwait, where customers can avail of payment services including POS and payment gateway. They can also sign up for access to salary portal, providing an efficient, secure and convenient way to pay employee salaries.

As part of its commitment to a safe and stable business environment for Kuwait, NBK also provides business insurance including buildings, stocks, business interruptions, cash cover, fidelity and life insurance.

National Bank of Kuwait is also the bank of choice for businesses with long term regional or global expansion ambitions. NBK’s regional coverage extends to Bahrain, Egypt, Jordan, Iraq, Lebanon, Saudi Arabia, Turkey and the UAE.

NBK Group has the widest banking presence, available across four continents. NBK’s international presence includes many of the world’s leading financial centers: Geneva, London, New York, Paris, Shanghai and Singapore.

Customers can apply for a business banking account by visiting the award-winning interactive NBK.com website or by visiting one of our 13 branches that Business Banking representatives are  available: Head Office, Surra, Shuwaikh, Al Tadamoun, Mubaker Al Kabeer, Jabriya, Arraya Tower 2 (fifth floor), Fintas, Salwa, Ras Salmiya ( 3rd floor), Hawally, Sharq and Ghazalli .



Kuwait: NBK welcomes 696 Kuwaiti graduates in the period from 2015 to 2017

03.01.2018

As part of the Bank's strategic vision to support national talents, the National Bank of Kuwait (NBK) announced that it has welcomed 696 Kuwaiti graduates of universities in Kuwait, the United States (US) and United Kingdom (UK) in its team during the period from 2015 to 2017. Graduates of Kuwaiti universities represented the largest share of new employments, reaching 87%. New employees graduated from universities in US and UK reached 13%.

Graduates of the Public Authority for Applied Education and Training (PAAET) ranked first in the number of new employees at NBK during the period, representing 31%, followed by Kuwait University graduates representing 16%, Gulf University for Science and Technology (GUST) 13%, the American University of the Middle East (AUM) 7%, the American University of Kuwait (AUK) 7%, American College of the Middle East (ACM) 6%, the Australian College of Kuwait (ACK) 5% and Box Hill College 2%.

 

Speaking of these percentages, NBK General Manager of Human Resources, Emad Ahmad Al-Ablani, said: "NBK continues to lead among private sector companies which open their doors to Kuwaiti graduates, attracting national talents and encouraging them to work in the private sector.”

 

Al-Ablani stated that NBK has signed many strategic partnerships with Kuwaiti universities, mainly Kuwait University, PAAET and GUST. These partnerships aim to provide support for Kuwaiti youth to help them gain more experience to enter the labor market through training and work opportunities.

 

NBK is committed to being one of the biggest advocates of corporate social responsibility in Kuwait, and in specific in the fields of education, supporting students and national talents. The Bank believes in the importance of providing Kuwaiti youth with the opportunities that will enable them to perform and demonstrate their capabilities, as well as in investing in them through training programs held throughout the year to help them gain experience and qualifications and arm them to enter the work market.

 

NBK places as well great importance in supporting the development of its employees through specialized training programs designed as per academic and scientific standards, providing them with diversified training and professional development programs which are delivered by leaders in the banking and financial sector.



Kuwait: NBK jointly with Visa sends you and a friend to The 2018 FIFA World Cup Russia™ Final in Moscow

02.01.2018

National Bank of Kuwait knows its customers well and creates the best rewards tailored to their tastes and interest. Now NBK card holders can earn a chance to win 3 tickets to see the 2018 FIFA World Cup Russia™ Final courtesy of Visa in Moscow in July, 2018.

Win a chance for you and a friend (2 people in total) to attend the 2018 FIFA World Cup Russia™ Final match and see your favorite teams battle it out for the ultimate victory. NBK credit card holders will enter into the draw one time for each KD 1 they spend locally and enter 3 times for each KD 1 they spend abroad. NBK Debit Cardholders will earn 3 times for each KD 1 spend abroad and on international websites.

“Football is a favorite pastime for many in Kuwait and NBK proudly partners with Visa to create this amazing reward package,” said Mohammed Al Othman, Deputy General Manager- Consumer Banking Group, National Bank of Kuwait. “We give our customers the best rewards because we believe in developing long term, lasting and loyal relationships.”

Nearly 98% of available tickets for the FIFA World Cup final to be held in Moscow, Russia in July 2018 sold out in the first 24 hours, making tickets to the match one of the most sought after events of the global football season. The FIFA World Cup finals pits some of the globe’s best and strongest teams against each other in what are considered the premier sporting event of the world.

NBK credit card and debit card holders are eligible for the draw, which will take place after the campaign period, which runs from Beginning from 1 January 2018 until 17 March 2018.

“NBK credit card holders enjoy exclusive, premier rewards, promotions and discounts,” explained Al Othman.

Choose from Visa and find the credit card that suits your needs. NBK’s Reward Program is the largest loyalty program in the region with more than 700 lifestyle retailers, shops and restaurants.

Customers can learn more about NBK credit cards by visiting the award-winning newly redesigned NBK.com website. Check out the ‘Right for me’ comparison tool to help choose the right card for you. https://nbk.com/kuwait/personal/cards/right-card.html



Kuwait: NBK Children’s Specialty Hospital launches “Diwaniya” initiative, attended by Minister of Health and Group CEO

01.01.2018

In its endeavors to develop and provide the highest level of services in a family-oriented and healthy environment, the National Bank of Kuwait (NBK) Children’s Specialty Hospital launched the “Diwaniya” initiative which aims to create a direct communication channel between parents of patients, heads of departments and the medical team, and exchange suggestions and opinion. The launch of the initiative was attended by His Excellence the Minister of Health, Sheikh (Dr.) Bassel Al-Sabah, as well as NBK Group CEO, Mr. Isam Jassem Al Sager, and the President of the NBK Children’s Specialty Hospital, Dr. Maitham Hussain.

In their visit to the “Diwaniya”, HE Sheikh Bassel Al-Sabah and Mr. Isam Al Sager listened to patients and their parents, which was also attended by members of the Hospital’s boards, heads of the departments and the public relations team at NBK. A tour of the different divisions of the Hospital followed, as well as distribution of gifts to young patients.

The “Diwaniya” aims to enhance communication with parents of patients to listen to their suggestions and observations of the level of healthcare services provided by the Hospital. The Diwaniya will be held monthly where parents can speak to the heads of departments and medical team directly. The initiative comes as part of a series of development programs that will be implemented as part of the strategy of the NBK Children’s Specialty Hospital.

The Hospital has also put in place a mechanism to measure patient and parent satisfaction through recurrent surveys about the Hospital’s services.

NBK Children’s Specialty Hospital is committed to international standards in providing healthcare and rehabilitation services for children ill with cancer and blood diseases, in addition to cases that require stem cells transplant. The Hospital’s strategy emanates from its core values of providing healthcare services in a family-oriented environment, and working together as one integrated team to excel in healthcare.

The Hospital has also a comprehensive program of social and leisure activities targeting patients and their parents. These include bi-weekly movie nights for in-patients, a reading corner, a library and reading sessions, fun activities as well as many other activities held in the out-patient clinics, which are sponsored by NBK. 

NBK Children’s Specialty Hospital also offers supportive, encouraging and awareness programs for the nursing and medical crew through medical and strategic seminars.

The “Diwaniya” program is anchored in NBK’s commitment to its social responsibility toward children, by not only providing healthcare services, but also emotional care, support, easing the treatment process and offer all kinds of activities to lift patients’ spirits and help them recover faster.

Last June, NBK and the Ministry of Health inaugurated the Stem Cell Therapy Unit at the NBK Children’s Specialty Hospital allocated in the Al Sabah Medical area. The Unit is the first project of its kind in Kuwait to provide free bone narrow transplant for children under 16 years of age, as part of the largest initiative within the private sector and an expansion plan of the Hospital.