Kuwait: NBK is the only Kuwaiti bank among the world’s Best Foreign Exchange Providers in 201919.11.2018
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: NBK Academy Celebrates Graduation of 20th Batch of Employees07.01.2019
The National Bank of Kuwait (NBK) celebrated the graduation of its 20th batch of newly recruited employees from its annual NBK Academy which develops the skills of university graduates and qualifies them to work in the banking sector.
The ceremony was attended by the Chief Executive Officer - Kuwait at the National Bank of Kuwait, Mr. Salah Al-Fulaij, the Deputy CEO - Kuwait at the National Bank of Kuwait, Mr. Sulaiman Al-Marzouq and other members of the Executive Management.
Graduates who have ranked first this year were awarded for outstanding efforts in the duration of the program, attending lectures, practical training and on-site visits to branches.
During the four-month period of the program, the training phases of the Academy covered the various aspects of banking such as banking principles, risk management, teamwork, financial accounting, marketing, negotiation, consumer and commercial lending, in addition to practical trainings in rotating departments within the Bank during which they were mentored by internationally-accredited trainers to enable employees to gain specialized banking skills.
NBK Academy is designed to develop the theoretical and practical skills of trainees to prepare them to the banking sector and arm them with hands-on experience, as well as familiarize them with the Bank's business structure and culture to support their career development goals.