NBK was founded in 1952 as the first indigenous bank and the first joint stock company in Kuwait and the Gulf Region. NBK reported profits of USD 1,086 million (KD 302.4 million) for 2011, among the highest in the Arab world. NBK's total assets were USD 48.9 billion (KD 13.6 billion) at the end of 2011, while shareholder equity stood at USD 7.8 billion (KD 2.2 billion).
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 of all banks in the region from Moody's, Standard & Poor's, and Fitch Ratings. NBK also stands out in terms of its local and international network, which includes branches, subsidiaries and representative offices in China, Geneva, London, Paris, New York, and Singapore alongside its regional presence in Lebanon, Jordan, Egypt, Bahrain, Qatar, Saudi Arabia, Turkey, and the UAE.
NBK’s Long-Term Rating:
•Fitch Ratings AA-
•Standard & Poor’s A+