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Islamic Finance Briefing - Categorized | Banking, Performance more

National Bank of Kuwait is the safest bank in Mideast

Posted on 05 October 2010

From Arabtimesonline.com: With total consolidated assets of $43.1 billion at the end of March 2010, National Bank of Kuwait (NBK) is comfortably the largest bank in Kuwait, accounting for about 25% of the country’s total banking assets.
Reaffirming the bank’s A+ rating with a stable outlook in June 2010, Standard & Poor’s (S&P) commented that this solid rating reflects NBK’s “leading commercial position in its domestic market, good pre-provision earnings capabilities, and strong capitalization.”………………………………………Full Article: Source

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