NBK set up its Singapore branch in 1984 to be the center for its activities in the Asia Pacific region and to have the marketing and credit responsibilities for all financial institutions and corporate in this region that deal with NBK globally. In May 2003, the Monetary Authority of Singapore, as part of its banking liberalization program, upgraded NBK Singapore to Wholesale Banking status on the basis of several criteria, including financial strength and contributions and commitment to developing Singapore’s financial sector.
Today, the branch provides a full range of wholesale banking products. The focus is to provide tailored banking facilities for a customer base of exporters and contracting companies involved in public and private business in Kuwait and the Middle East.
Over the years, NBK Singapore, supported by NBK’s representative office in China, has developed a strong customer base in key markets such as Singapore, Vietnam, China, Korea, Japan, India, Malaysia and Thailand, where an important portion of NBK’s business activity takes place. The branch’s main role remains to support trade and other cross-border transactions with Kuwait and the Gulf.
9 Raffles Place
# 44-01 Republic Plaza
Tel: (+65) 62225348
Fax: (+65) 62245438