(MENAFN - Arab Times) For the sixth consecutive year, National Bank of Kuwait (NBK) was recognized as the "the Best Trade Finance Bank in Kuwait in 2014" by Global Finance, the renowned international finance magazine. NBK was among Global Finance's annual survey for best trade finance banks along with major global banks. The rankings 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.
"We have selected the banks that are best serving the needs of corporations worldwide as they engage in cross-border trade," said Global Finance. "Now more than ever, the availability of trade finance at reasonable prices is crucial to the health of the global economy." Fawzi Al Dajani, NBK London General Manager, received the award on behalf of NBK at a special ceremony recently held in London. 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 2013, NBK was also named among Global Finance's list of the 50 safest banks in the world for the eighth consecutive time. 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, Qatar, Saudi Arabia, the UAE, and Turkey.