The bank contributed to alleviating the repercussions of “Corona” despite the challenges it imposed on global trade
Leading mega deal alliances and financing major strategic projects
The National Bank of Kuwait won the Best Trade Finance Bank in Kuwait for the year 2021, in the annual survey conducted by the Global Trade Review (GTR) magazine, which specializes in global emerging markets, trade finance, commodities and banking services.
NBK was chosen as one of the best leading banks in the Middle East and North Africa region in financing commercial operations, as the magazine relied in its selection of the best institutions around the world on a survey in which customers and specialized institutions participated.
This year’s Global Trade Leaders Awards highlighted excellence in trade finance, commodities and supply chains, export finance and financial technology markets.
NBK took it upon itself to contribute to mitigating the repercussions of Corona, despite the challenges imposed by the pandemic on global trade, by working to continue providing commercial financing services to various customer segments to cross this crisis, with priority given to medical supplies and foodstuffs.
The bank continued its role in leading alliances of mega deals, financing and providing banking facilities for major strategic projects in a number of sectors, including the oil sector, the latest of which is the joint financing of the Kuwait Petroleum Corporation, which amounts to one billion dinars.
The bank used the full scope of its global platform and network of branches to help its customers ensure their transactions are completed despite working remotely, amid the disruptions in global supply chains caused by the pandemic.
This comes at a time when Global Trade Review is one of the world’s most respected trade finance magazines, specialized in publishing reports and analysis on trade finance, export, commodities and supply chains, as well as trade credit insurance, treasury and financial technology sectors.
Each year, the magazine honors leading organizations from around the world, with the “GTR Leaders in Trade Awards” and the “GTR Best Deals Awards,” and these awards highlight the leading and best performing organizations from around the world.
NBK was recently awarded the Best Trade Finance Service Provider in Kuwait for the year 2020, in the annual survey conducted by the specialized global magazine “Global Finance”, which included a survey of the opinions of banking sector analysts, corporate executives and technology specialists around the world.