Bank honored for leading position in wealth management
KUWAIT CITY, Feb 23: Euromoney, the renowned international magazine in the finance industry, has recently awarded National Bank of Kuwait (NBK) "Best Private Bank for 2010". The award, which was announced in Euromoney's February special edition on top banks in wealth management and private banking services, was presented to NBK at a glittering Dinner and Awards Ceremony that was held recently in London.
NBK's General Manager-Private Banking Group, Malek Khalife said that awarding NBK the prestigious title of "the Best Private Bank for 2010" constitutes a source of immense gratification and pride. This award comes as a new recognition of NBK's unique and leading position in the market and the impressive achievements it has accomplished at a time the financial crisis and its reverberations have been felt dramatically across the whole banking industry in general and the private banking in particular."
In awarding NBK "the Best Private Bank for 2010", Euromoney cited that the selection of NBK for this title is mainly attributed to the leading position the bank enjoys in the field of wealth management and private banking both locally and regionally in addition to the durable and strong relationships it has built with its high net-worth clients, the volume of assets managed by the bank and the provision of a full spectrum of innovative investment and wealth management products and solutions of the highest international standards".
Khalife pointed out that during 2009, NBK had successfully launched a series of innovative products such as the KD Ijara, foreign currency structured lease, in addition to the existing platform of funds, Real Estate, Trusts and Offshore companies and foundations.
© Arab Times 2010
