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NBK the Safest Commercial Bank in the Arab World in 2014 and 23rd Globally

NBK the Safest Commercial Bank in the Arab World in 2014 and 23rd Globally

NBK the Safest Commercial Bank in the Arab World in 2014 and 23rd Globally

  •  NBK maintained its position among the World’s Top 50 Safest Banks in 2014 for the ninth consecutive time

National Bank of Kuwait (NBK) has been selected the Safest Commercial Bank in the Arab World and ranked 23rd among the World’s Top 50 Safest Commercial Banks in 2014. NBK also maintained its ranking among the World’s Top 50 Safest Banks in 2014 for the ninth consecutive time.

The rankings, compiled by Global Finance, are based on evaluations of long-term credit ratings—from Moody’s, Standard & Poor’s and Fitch Ratings—and total assets of the 500 largest banks worldwide.

In addition to the annual World’s Top 50 Safest Banks list, Global Finance has issued a new list for the World’s Top 50 Safest Commercial Banks. For commercial banks to qualify for this ranking, they must not be majority owned by government or regional authorities.

On this new list, NBK topped all commercial banks in the Arab World and ranked 23rd globally, ahead of several international financial heavyweights. NBK also maintained its position among the World’s Top 50 Safest Banks in 2014, to be to be the only Arab bank on Global Finance’s list for nine consecutive times as well as the only Kuwaiti bank that was ever recognized on that list. The ranking illustrates the success of the NBK’s conservative strategy, prudent risk management and dedication to its excellence in providing its services.

“These banks are not government-owned, and are among the strongest and most secure institutions in the world,” notes Joseph Giarraputo, publisher and editorial director of Global Finance.

NBK continues to enjoy collectively the highest ratings 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 enjoys the widest banking presence with an international network reaching 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.

 

 

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  • The World’s Top 50 Safest Commercial Banks 2014 :

 

Rank

Bank Name

Country

1

TD Bank Group           

Canada

2

 DBS Bank          

Singapore

3

Oversea-Chinese Banking Corporation

Singapore

4

United Overseas Bank

Singapore

5

Rabobank

Netherlands

6

Royal Bank of Canada

Canada

7

National Australia Bank

Australia

8

Commonwealth Bank of Australia

Australia

9

ANZ Group

Australia

10

Westpac

Australia

11

Nordea

Sweden

12

Bank of Nova Scotia

Canada

13

Svenska Handelsbanken

Sweden

14

Hang Seng Bank

Hong Kong

15

Caisse centrale Desjardins

Canada

16

HSBC

United Kingdom

17

Bank of Montreal

Canada

18

CIBC

Canada

19

HSBC France

France

20

Pohjola

Finland

21

CoBank

United States

22

AgriBank

United States

23

National Bank of Kuwait

Kuwait

24

Agfirst

United States

25

DZ Bank

Germany

26

BNY Mellon

United States

27

U.S. Bancorp

United States

28

Qatar National Bank

Qatar

29

Samba Financial Group

Saudi Arabia

30

Deutsche Apotheker- und Ärztebank

Germany

31

Banco de Chile

Chile

32

BNP Paribas

France

33

Bank of Tokyo- Mitsubishi UFJ

Japan

34

Wells Fargo

United States

35

Standard Chartered

United Kingdom

36

Banque Fédérative du Crédit Mutuel

France

37

SEB

Sweden

38

Swedbank

Sweden

39

State Street

United States

40

National Bank of Canada

Canada

41

Shizuoka Bank

Japan

42

Northern Trust

United States

43

Al-Rajhi Bank

Saudi Arabia

44

Suncorp Metway

Australia

45

Riyadh Bank

Saudi Arabia

46

Banco Santander

Chile

47

Norinchukin Bank

Japan

48

DnB

Norway

49

Shinkin Central Bank

Japan

50

WGZ Bank

Germany