NBK Wealth reaffirms private banking leadership with 2 honors from MEED

24/10/2025 07:27 AST

NBK Wealth Group further solidified its leadership in the wealth management arena, receiving two prestigious awards from MEED magazine at the MENA Banking Excellence Awards 2025. NBK Wealth was recognized with two awards in the following categories: Best Private Bank in Kuwait and Outstanding Private Bank for HNW Clients in the MENA Region.

This achievement reaffirms NBK Wealth's position as the trusted first choice for high-net-worth clients and institutions in Kuwait and across the region, underscoring the success of its strategy built on a profound understanding of clients' needs and the delivery of tailor-made solutions designed to protect and seek to grow their wealth and to build a sustainable legacy for generations to come.

World-Class standards
The MEED Awards are granted based on rigorous criteria, with the magazine recognizing the Best Private Bank for financial institutions that demonstrate outstanding service quality, long-term strategic vision and the capability to deliver innovative investment solutions. Meanwhile, the Best Bank for High-Net-Worth Customers award highlights the institution's ability to address the diverse needs of this client segment through premium banking and advisory services, complemented by tailor-made solutions seeking to grow, protect, and preserve their wealth.

This achievement underscores the strength of NBK Wealth as the largest wealth management group locally and regionally, leveraging the reputation and brand name of NBK Group, a regional and global leader with a distinguished history of accomplishments and international recognition in the banking sector.

NBK Wealth Group has demonstrated its ability to serve the needs of high-net-worth clients, enhancing its wealth management offerings through robust growth in assets under management and greater diversification across asset classes, while continuing to attract new clients and strengthen its position as a leader in wealth management.

It has also introduced a diverse range of innovative products, including private debt strategies, structured deposits, and specialist portfolio management services, alongside the group's comprehensive private banking offerings encompassing wealth management, financial planning, investment management, and advisory services.

The group has forged a strategic partnership with JP Morgan Asset Management, offering clients broader access to select investment products and strengthening engagement through innovative initiatives, including the issuance of specialized analytical reports as part of NBK Wealth's Insights, further consolidating its position as a leading provider of integrated investment solutions.

NBK Wealth stands as a key pillar of NBK Group and one of the leading wealth management firms in the Middle East, with over $41 billion in assets under management as of year-end 2024. With a broad geographic footprint across nine cities in five countries, it offers a comprehensive suite of services, including private banking, financial planning, asset management and advisory solutions.

The group adopts a client-centric approach, delivering tailored strategies designed to meet the distinct financial objectives of high-net-worth individuals and institutions. NBK Wealth is a brand registered under the name of National Bank of Kuwait S.A.K.P. ("NBK"), for use by the Asset Management business of, among other NBK group entities, Watani Investment Company K.S.C.C. , a leading investment firm and its affiliates worldwide, combined with the Private Banking services of NBK worldwide, which is one of the largest and oldest financial institutions in the region.

Kuwait Times