Profile
The National Bank of Kuwait (NBK) established a branch in London in 1983 as part of its initial strategy to capture investment and trade flows with Kuwait and to service Kuwaiti customers and to provide a convenient and secure location for their deposits, in Europe or for longer-term investment security. In 1992 the branch structure was replaced by a wholly owned subsidiary, National Bank of Kuwait International (NBKI), in a move aimed at consolidating and strengthening the bank’s European operations.
Today, NBKI offers a wide range of services to customers including counter services and private banking, in addition to a comprehensive range of corporate banking and treasury activities for the bank’s traditional customer base of exporters and contracting companies involved in the public and private business sectors in Kuwait and the Middle East.
NBKI Private Banking offers traditional financial products and assistance as well as real estate services to assist investors in the acquisition and financing of commercial and residential real estate properties. In addition, through its Trusts and Estates team, NBKI offers assistance to families on wealth planning for their international assets.
"NATIONAL BANK OF KUWAIT (INTERNATIONAL) PLC IS AUTHORISED BY THE PRUDENTIAL REGULATION AUTHORITY AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY AND THE PRUDENTIAL REGULATION AUTHORITY".
History
The National Bank of Kuwait (NBK) was established in 1952 when a prominent Kuwaiti merchant went to the British Bank of the Middle East to open a letter of guarantee for the amount of 10,000 Indian rupees, (which is equivalent today to 750 Kuwaiti dinars). Much to his surprise, his request was rejected, on the condition that he provide a guarantor. This well-known merchant was shocked and appalled by the treatment that he had received, and news of this was all over town.
This incident gave rise to the question and the idea of having a Kuwaiti bank with a mission to serve citizens’ needs as its priority, stimulate the economic growth of the country, and look after the savings of its clients. In fact, a meeting was held with the late Amir of Kuwait, H.H. Sheikh Abdullah Al-Salem Al-Sabah, who congratulated them on the idea and promised them his complete support. An Amiri decree was issued on May 19, 1952 to open the National Bank of Kuwait, and NBK started operations on November 15, 1952.
The founders of NBK are:
• Khalid Zaid Al-Khalid
• Ahmed Saud Al-Khaled
• Khalifa Khalid Al-Ghunaim
• Khaled Abdullatif Al-Hamad
• Sayed Ali Sayed Sulieman Al-Rifai
• Yousef Abdulziz Al-Fulaij
• Yousef Ahmed Al-Ghanim
• Mohamed Abdulmohsen Al-Khorafi
• Abdulaziz Hamad Al-Sager
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.
Vision & Mission
Our Vision
The NBK vision is to be the trusted bank of choice, building on our core values, people and expertise.
Our Mission
To deliver world-class products and the highest quality service to our customers.
To attract, develop and retain the best banking talent in the region.
To support the communities in which we operate.
To adhere to our core values of passion, integrity, conservatism and knowledge.
In following our mission, we believe that we will be able to achieve consistently superior returns to our shareholders.
Board Of Directors
![](/dam/jcr:a2d0bb0b-375b-4e1b-9ff2-1da19e29c4de/Executive%20Management-Isam%20J.%20Al-Sager%20314x214-04.jpg)
Mr. Isam Jassim Al Sager
Chairman, Non-Executive Director![](/dam/jcr:67ddebc3-b24b-4e03-b72a-2f0efd2a22c6/Lesley%20Titcomb.jpg)
Mrs. Lesley Jane Titcomb
Vice Chairman, Independent Non-Executive Director![](/dam/jcr:9bf511ff-771c-4e36-8006-7fd049fc3841/Executive%20Management-Shaikha%20K.%20Al-Bahar%20314x214-03.jpg)
Ms. Shaikha Al Bahar
Non-Executive Director![](/dam/jcr:6a860597-010a-4cc6-8ed3-1eb9c7e50ac3/Management%20315x215-Omar.jpg)
Mr. Omar Bouhadiba
Non-Executive Director![](/dam/jcr:a2007df1-0332-47b5-936f-f50666a6eda8/Matthew%20Timms.jpg)
Mr. Matthew Timms
Independent Non-Executive Director![](/dam/jcr:a98dec03-2846-49eb-ae4a-5dae3d595891/director-paul-hanson.jpg)
Mr. Paul Horner
Independent Non-Executive Director![](/dam/jcr:0a71a923-7c59-4d66-b6ec-343b1b55ffc1/Fawzi%20Dajani.jpg)
Mr. Fawzi Dajani
Executive Director![](/dam/jcr:cdadb830-2659-4a61-80fb-aa9a72f9fb93/Bassem_Boustany.jpg)
Mr. Bassem Boustany
Executive DirectorExecutive Management
![](/dam/jcr:0a71a923-7c59-4d66-b6ec-343b1b55ffc1/Fawzi%20Dajani.jpg)
Mr. Fawzi Dajani
Managing Director![](/dam/jcr:cdadb830-2659-4a61-80fb-aa9a72f9fb93/Bassem_Boustany.jpg)
Mr. Bassem Boustany
Deputy Managing Director![](/dam/jcr:05faa810-ade0-43ff-9e8f-3365f966baae/Sami%20Labban.jpg)
Mr. Sami El Labban
Head of Private Banking![](/dam/jcr:291fa3df-a25a-4be8-a8b0-c4be2fe43a05/Khaled_AlOmar.jpg)
Mr. Khaled Al Omar
Head of Retail Banking![](/dam/jcr:ace1f73e-dccf-4313-b3be-9f08b3b868ff/Nicholas%20Simmonds.jpg)
Mr. Nicholas Simmonds
Head of Corporate Banking![](/dam/jcr:d1fb6bb1-f687-4659-8b84-ee93155cf869/Nicholas_Haber.jpg)
Mr. Nicholas Haber
Head of Commercial Real Estate![](/dam/jcr:a6fead67-de6b-4c5d-9331-fe85f58d215f/Management-%20Gray%20David.jpg)
Mr. David Schultze
Chief Operating Officer![](/dam/jcr:ecdf245e-04f5-4e74-bbfd-a5ba573846fb/NBKI-EXEC-Adnan-Rahman.jpg)
Mr. Adnan Rahman
Chief Financial Officer![](/dam/jcr:d3c54b6b-a5b3-4f07-bfb9-838404a7a07c/Gavin_Allard.jpg)
Mr. Gavin Allard
Head of Compliance![](/dam/jcr:c7db4e02-0e59-4b03-a82c-c200ba537199/Andrew_Jackson.jpg)
Mr. Andrew Jackson
Money Laundering Reporting Officer![](/dam/jcr:7afd7654-4153-418f-9f2b-f4ed98e69839/executive-manager-emma-booth.jpg)
Mrs. Emma Booth
Head of Legal (DPO) and GovernanceAuditors
Deloitte LLP
Hill House
1 Little New Street
London EC4A 3TR
REGISTERED OFFICE
NBK House
13 George Street
London W1U 3QJ
Registered No.02773743
Firm’s reference number 171532
NBK Group Awards & Recognition
BANK LEVEL
Global Finance
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2014 - 2024
Best Bank in Kuwait
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2024
Best Bank for ESG-Related Loans in the Middle East
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2013 - 2024
Best Foreign Exchange Provider in Kuwait
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2009 - 2018, 2020 - 2024
Best Trade Finance Bank in Kuwait
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2023
Best User Experience (UX) Design - Kuwait
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2023
Best Innovation and Transformation - Global
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2023
Best Innovation and Transformation - Middle East
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2023
Best Innovation and Transformation - Kuwait
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2022 - 2024
Best SME Bank Kuwait
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2021, 2023
Best in Social Media Marketing and Services - Kuwait
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2018, 2021 - 2023
Best Mobile Banking App - Kuwait
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2022, 2023
Best Mobile Banking App - ME
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2021 - 2023
Best Bill Payment & Presentment - Kuwait
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2021 - 2023
Best Online Product Offerings - Kuwait
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2021 - 2023
Best Online Product Offerings - Middle East
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2018 - 2023
Best Consumer Digital Bank in Kuwait
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2020 - 2023
Best Consumer Digital Bank in Middle East
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2023
Top Innovations in Finance
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2023
Best Private Bank Sustainable Investing in the Middle East
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2021, 2023
Best Financial Innovation Labs in Kuwait
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2019, 2023
Best Bank for Cash Management in Kuwait
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2013 - 2017 , 2019 - 2021, 2023
Best Foreign Exchange Provider in the Middle East
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2022
Best in Lending - ME
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2022
Outstanding Innovation in Mobile Banking - Weyay
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2022
Best Bank for Sustainable Finance in Kuwait
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2022
Most Innovative Private Bank Middle East
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2021, 2022
Most Innovative Digital Bank - Kuwait
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2021, 2022
Most Innovative Digital Bank - Middle East
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2021, 2022
Best in Lending - Kuwait
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2015 - 2022
Best Private Banking in Kuwait
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2020 - 2021
World’s Top 50 Safest Commercial Banks
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2019
Best Bank for Liquidity Management in the Middle East
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2019
Best Emerging Markets Bank Worldwide
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2019
The Innovators - Real Time End-To-End Payment Tracking on Customer Payment
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2018 - 2019
Best in Mobile Banking - Consumer in Kuwait
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2006 - 2019
World’s Top 50 Safest Banks for 14 consecutive times
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2016
Best Bank for Financial Risk Management Middle East
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2016
Best Bank for Financial Risk Management Kuwait
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2016
Best Innovator in Trade Finance
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2010 - 2016
Best Emerging Market Bank in Kuwait
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2015
Best Bank in the Middle East
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2010 - 2013, 2015
Best Emerging Market Bank in the Middle East
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2011 - 2012
Best Provider of Money Markets Fund in the Middle East
Euro Money
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2024
Best Bank for SMEs in Kuwait
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2022, 2024
Best Bank for Diversity & Inclusion in Kuwait
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2018, 2023
Best Cash Management for Non-Financial Institutions in Kuwait
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2023
Best Bank for Corporate Responsibility in the Middle East
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2022
Best Bank for Digital Solutions in Kuwait
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2022
Best Bank for ESG in Kuwait
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2022
Best Private Bank/Technology: Innovative or Emerging Technology Adoption in Kuwait
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2022
Best Private Bank/Wealth Manager for Mass/Super Affluent Clients in Kuwait
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2022
Best Private Bank/Wealth Manager for Ultra High Net worth Clients in Kuwait
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1994 - 2018, 2021
Best Bank in Kuwait
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2006, 2009, 2015 - 2018
Best Private Banking in Kuwait
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2012, 2013
Best Managed Company in the Middle East
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2007, 2008, 2010, 2011, 2013
Best Bank in the Middle East
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2009
Best Investment Bank in Kuwait
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2008
Outstanding Contribution to Middle East Banking
The Banker
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2007 - 2008, 2010 - 2011, 2013 - 2019, 2021, 2022
Bank of The Year - Kuwait
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2007 - 2008, 2010 - 2011, 2022
Bank of The Year - Middle East
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2021
Innovation in Digital Banking Award - Middle East
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2009
Best Customer Service and Project Finance in the Middle East
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2007 - 2009
Best Deal of the Year in the Middle East
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2001 - 2002, 2004 - 2005, 2007
Best Deal of the Year in Kuwait
Brand Finance
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2015 - 2024
Number 1 Banking Brand in Kuwait
Meed
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2024
Best Innovation Programme
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2024
Excellence in Sustainable Investment
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2021-2024
Best Retail Bank Kuwait
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2023
Best Initiative for Women in Business
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2023
Best Implementation of Diversity & Inclusion Initiatives
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2023
Excellence in Service - Priority Banking
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2022, 2023
Best Youth Program Initiative
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2022
Best Credit Card Initiative in MENA
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2021
Best Loyalty/Rewards Programme Middle East