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The National Bank of Kuwait (NBK) established a branch in London in 1983 as part of its initial strategy to capture investment and trade flows with Kuwait and to service Kuwaiti customers and to provide a convenient and secure location for their deposits, in Europe or for longer-term investment security. In 1992 the branch structure was replaced by a wholly owned subsidiary, National Bank of Kuwait International (NBKI), in a move aimed at consolidating and strengthening the bank’s European operations.

Today, NBKI offers a wide range of services to customers including counter services and private banking, in addition to a comprehensive range of corporate banking and treasury activities for the bank’s traditional customer base of exporters and contracting companies involved in the public and private business sectors in Kuwait and the Middle East.

NBKI Private Banking offers traditional financial products and assistance as well as real estate services to assist investors in the acquisition and financing of commercial and residential real estate properties. In addition, through its Trust and Estates team, NBKI offers advice to families on wealth planning for their international assets.



The National Bank of Kuwait (NBK) was established in 1952 when a prominent Kuwaiti merchant went to the British Bank of the Middle East to open a letter of guarantee for the amount of 10,000 Indian rupees, (which is equivalent today to 750 Kuwaiti dinars). Much to his surprise, his request was rejected, on the condition that he provide a guarantor. This well-known merchant was shocked and appalled by the treatment that he had received, and news of this was all over town. 

This incident gave rise to the question and the idea of having a Kuwaiti bank with a mission to serve citizens’ needs as its priority, stimulate the economic growth of the country, and look after the savings of its clients. In fact, a meeting was held with the late Amir of Kuwait, H.H. Sheikh Abdullah Al-Salem Al-Sabah, who congratulated them on the idea and promised them his complete support. An Amiri decree was issued on May 19, 1952 to open the National Bank of Kuwait, and NBK started operations on November 15, 1952.

The founders of NBK are:

•    Khalid Zaid Al-Khalid
•    Ahmed Saud Al-Khaled
•    Khalifa Khalid Al-Ghunaim
•    Khaled Abdullatif Al-Hamad
•    Sayed Ali Sayed Sulieman Al-Rifai
•    Yousef Abdulziz Al-Fulaij
•    Yousef Ahmed Al-Ghanim
•    Mohamed Abdulmohsen Al-Khorafi
•    Abdulaziz Hamad Al-Sager

NBK was the first national bank in Kuwait and the entire Arabian Gulf region. All the board members and the founders of NBK were renowned merchants of Kuwaiti origin. NBK was established with a capital of 13,100 shares, each valued 1,000 Indian rupees – equivalent to 75 Kuwaiti dinars today. Over the years NBK has proved itself to be a financial leader in the Arab world.

Vision & Mission

Our Vision

The NBK vision is to be the trusted bank of choice, building on our core values, people and expertise.

Our Mission

To deliver world-class products and the highest quality service to our customers.

To attract, develop and retain the best banking talent in the region.

To support the communities in which we operate.

To adhere to our core values of passion, integrity, conservatism and knowledge.

In following our mission, we believe that we will be able to achieve consistently superior returns to our shareholders.

Board Of Directors

Mr. Isam Jassim Al Sager

Chairman, Non-Executive Director

Mr. Cameron Marr

Vice Chairman, Independent Non-Executive Director

Ms. Shaikha Al Bahar

Non-Executive Director

Mr. Omar Bouhadiba

Non-Executive Director

Mrs. Lesley Jane Titcomb

Independent Non-Executive Director

Mr. Matthew Timms

Independent Non-Executive Director

Mr. Fawzi Dajani

Executive Director

Executive Management

Mr. Fawzi Dajani

Managing Director

Mr. Bassem Boustany

Deputy Managing Director

Mr. Sami El Labban

Head of Private Banking

Mr. Khaled Al Omar

Head of Retail Banking

Mr. Nicholas Simmonds

Head of Corporate Banking

Mr. Nicholas Haber

Head of Commercial Real Estate

Mr. David Schultze

Chief Operating Officer

Mr. Adnan Rahman

Chief Financial Officer

Mr. Gavin Allard

Head of Compliance

Mr. Andrew Jackson

Money Laundering Reporting Officer


Deloitte LLP
Hill House
1 Little New Street
London EC4A 3TR


NBK House
13 George Street
London W1U 3QJ
Registered No.02773743
Firm’s reference number 171532

NBK Group Awards & Recognition


Global Finance Award

Global Finance


Best Private Bank Sustainable Investing in the Middle East

2022, 2023

Best SME Bank Kuwait

2019, 2023

Best Bank for Cash Management in Kuwait

2013 - 2023

Best Foreign Exchange Provider in Kuwait

2013 - 2017 , 2019 - 2021, 2023

Best Foreign Exchange Provider in the Middle East

2008 - 2018, 2020 - 2023

Best Trade Finance Bank in Kuwait


Best Mobile Banking App - ME


Best in Lending - ME


Outstanding Innovation in Mobile Banking - Weyay


Best Bank for Sustainable Finance in Kuwait


Most Innovative Private Bank Middle East

2021, 2022

Best Bill Payment & Presentment - Kuwait

2021, 2022

Best Financial Innovation Labs in Kuwait

2021, 2022

Most Innovative Digital Bank - Kuwait

2021, 2022

Most Innovative Digital Bank - Middle East

2021, 2022

Best in Lending - Kuwait

2021, 2022

Best Online Product Offerings - Kuwait

2021, 2022

Best Online Product Offerings - Middle East

2020, 2022

Best Consumer Digital Bank in Middle East

2018 - 2022

Best Consumer Digital Bank in Kuwait

2018, 2021, 2022

Best Mobile Banking App - Kuwait

2015 - 2022

Best Private Banking in Kuwait

2014 - 2023

Best Bank in Kuwait


Best in Social Media Marketing and Services - Kuwait

2020 - 2021

World’s Top 50 Safest Commercial Banks


Best Bank for Liquidity Management in the Middle East


Best Emerging Markets Bank Worldwide


The Innovators - Real Time End-To-End Payment Tracking on Customer Payment

2018 - 2019

Best in Mobile Banking - Consumer in Kuwait

2006 - 2019

World’s Top 50 Safest Banks for 14 consecutive times


Best Bank for Financial Risk Management Middle East


Best Bank for Financial Risk Management Kuwait


Best Innovator in Trade Finance

2010 - 2016

Best Emerging Market Bank in Kuwait


Best Bank in the Middle East

2010 - 2013, 2015

Best Emerging Market Bank in the Middle East

2011 - 2012

Best Provider of Money Markets Fund in the Middle East

Euromoney award

Euro Money


Best Bank for Digital Solutions in Kuwait


Best Bank for ESG in Kuwait


Best Bank for Diversity & Inclusion in Kuwait


Best Private Bank/Technology: Innovative or Emerging Technology Adoption in Kuwait


Best Private Bank/Wealth Manager for Mass/Super Affluent Clients in Kuwait


Best Private Bank/Wealth Manager for Ultra High Net worth Clients in Kuwait

1994 - 2018, 2021

Best Bank in Kuwait


Best Cash Management for Non-Financial Institutions

2006, 2009, 2015 - 2018

Best Private Banking in Kuwait

2012, 2013

Best Managed Company in the Middle East

2007, 2008, 2010, 2011, 2013

Best Bank in the Middle East


Best Investment Bank in Kuwait


Outstanding Contribution to Middle East Banking

The Banker award

The Banker

2007 - 2008, 2010 - 2011, 2013 - 2019, 2021, 2022

Bank of The Year - Kuwait

2007 - 2008, 2010 - 2011, 2022

Bank of The Year - Middle East


Innovation in Digital Banking Award - Middle East


Best Customer Service and Project Finance in the Middle East

2007 - 2009

Best Deal of the Year in the Middle East

2001 - 2002, 2004 - 2005, 2007

Best Deal of the Year in Kuwait

Brand Finance Rating

Brand Finance

2015 - 2022

Number 1 Banking Brand in Kuwait

MEED rating



Best Credit Card Initiative in MENA


Best Retail Bank in Kuwait


Best Youth Program Initiative


Best Retail Bank Kuwait


Best Loyalty/Rewards Programme Middle East