National Bank of Kuwait
Founded in 1952, NBK was the first indigenous bank and joint stock company in Kuwait and the Gulf region. With net profits of US$ 1,086 million, total assets of US$ 48.9 billion and an equity base of US$ 7.8 billion, NBK ranks among the largest banks in the Arab world. NBK is the largest financial institution in Kuwait with effective market dominance in the commercial banking market and has been consistently awarded the highest credit rating in the region from Moody's, Standard & Poor's and Fitch Ratings. NBK also stands out in terms of its local and international networks, with a presence in 10 MENA countries as well as in the major international financial centres. In 2011, NBK maintained its top ranking among Middle Eastern banks: It was named “Best Bank in the Middle East” by Euromoney, The Banker and Global Finance magazines and ranked in Global Finance’s list of the World’s 50 Safest Banks for the fifth consecutive time.