National Bank of Kuwait - NBK

Activities

National Bank of Kuwait (NBK), also known as 'Wataniya', is a public company, based in Kuwait City(Kuwait) and was established in May 1952. NBK was the first national bank in Kuwait and the entire Arabian Gulf region. All the board members and the founders of NBK were renowned merchants of Kuwaiti origin. NBK was established with a capital of 13,100 shares, each valued 1,000 Indian rupees - equivalent to 75 Kuwaiti dinars today. Over the years NBK has proved itself to be a financial leader in the Arab world. The bank has been listed on Boursa Kuwait (BK) since September 1984. NBK provides banking, financial and investment services. Its services are structured into four main divisions, namely retail banking, Islamic banking, corporate banking and financial markets. It has 23 subsidiaries operating across the Caribbean, British Islands, Western Europe, Northern Africa, Southeast Asia and Middle East. The focus of its financing activities is on small and big investors, and also institutional customers. The bank is also involved in financing the privatization of heavy-weighted businesses. Moreover, it has solidly contributed in financing the domestic debt, by investing in the government treasury bills and bonds. It offers deposits, credit cards, loans, foreign exchange and other branch related services; and also trade finance and advisory services. NBK also offers a range of capital market advisory and execution services; and asset management services, including asset management custody, wealth management, brokerage, and research. The bank also offers Islamic banking services; treasury services and products, liquidity and market risk management services.