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About

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), with a branch in Portman Square. In 1996 NBKI Paris became a branch of 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 Trust and Estates team, NBKI offers advice 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".

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.

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 15th 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.

 

Board Of Directors

Mr. Nasser Musaed Al-Sayer

Chairman

Mr. Isam Jassim Al Sager

Vice Chairman

Mr. Ghassan Ahmed Saoud Al Khaled

Board Member

Mr. Hamad Abdul Aziz Al-Sager

Board Member

Ms. Shaikha Al Bahar

Board Member

Mr. Georges Richani

Board Member

Mr. Cameron Marr

Board Member

Mrs. Lesley Jane Titcomb

Board Member

Mr. Fawzi Dajani

Board Member

Mr. Andrew Richardson

Board Member

Executive Management

Mr. Fawzi Dajani

Managing Director - London

Mr. Sabeur Sassi

General Manager - Paris

Mr. Andrew Richardson

Chief Financial Officer

Mr. Paul Kennedy

Chief Risk Officer

Ms. Sally Norman

Chief Operating Officer

Dr. Yasser Gado

Head of Treasury

Mr. Sami El Labban

Head of Consumer Banking

Mr. Nicholas Simmonds

Head of Corporate Banking

Ms. Aslihan Hodges

Head of Human Resources

Mr. Stephen George Byrne

Compliance Officer

Auditors

Ernst & Young LLP
25 Churchill Place
London E14 5EY

REGISTERED OFFICE

NBK House
13 George Street
London W1U 3QJ
Registered No.02773743

NBK Group Awards & Recognition

BANK LEVEL

Global Finance

2009 to 2016

World’s Top 50 Safest Banks for 11 consecutive times

2010 – 2013, 2015

Best Emerging Market Bank in the Middle East

2010 – 2016

Best Emerging Market Bank in Kuwait

2015, 2016

Best Private Banking in Kuwait

2016

Best Bank for Financial Risk Management Middle East

2008 - 2017

Best Trade Finance Bank in Kuwait

2013, 2015 - 2017

Best Foreign Exchange Provider in the Middle East

2013 - 2017

Best Foreign Exchange Provider in Kuwait

2011, 2012

Best Provider of Money Markets Fund in the Middle East

2017

Best Bank in Kuwait

Euro Money

1994 – 2017

Best Bank in Kuwait

2007, 2008, 2010, 2011, 2013

Best Bank in the Middle East

2012 – 2013

Best Managed Company in the Middle East

2006, 2009, 2015 - 2017

Best Private Banking in Kuwait

2009

Best Investment Bank in Kuwait

2008

Outstanding Contribution to Middle East Banking

The Banker

2007, 2008, 2010, 2011, 2013, 2015, 2016

Bank of The Year - Kuwait

2007, 2008, 2010, 2011

Bank of The Year - Middle East

2009

Best Customer Service and Project Finance in the Middle East

2007, 2009

Best Deal of the Year in the Middle East

2001, 2002, 2004, 2005, 2007

Best Deal of the Year in Kuwait

Brand Finance

2018

Number 1 Banking Brand in Kuwait

Ratings