National Bank of Kuwait (NBK) is the largest bank in Kuwait and is a leader in the country’s profitable retail banking sector.
Standard & Poor’s affirmed the long-term credit ratings of NBK at A+, the highest in the Middle East in May 2013. According to the report, all the bank’s ratings by the agency carry a stable outlook.
Standard & Poor’s said: “Our assessment of NBK’s business position is strong. We believe the bank’s business position will remain stable, underpinned by its leading position in Kuwait, long track record of good and stable performance, as well as good and experienced management.”
National Bank of Kuwait acquired a controlling stake in Islamic lender Boubyan Bank in July 2012.