• NBK continues to build on its foundational strengths as a leading international provider of the best financial services.
  • This award is a testament to the Treasury Group’s relentless efforts to adopt several operational efficiency-improving innovations.
  • NBK is continuously upgrading its technologies to deliver the best and fasts services to our clients.
  • Uplifting our digital infrastructure allowed for more accurate and effective liquidity and risk management.

National Bank of Kuwait (NBK) was named the Best Bank for Treasury and Cash Management in Kuwait for 2023 by Global Finance. Through its annual survey that includes input from hundreds of industry analysts, corporate executives, and technological experts, Global Finance names the best Treasury and Cash Management financial institutions in the world.

Global Finance considers a variety of objective criteria in selecting the winners, including profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which treasury and cash management providers have successfully differentiated themselves from their competitors around core service provision.

Global Finance announced the winners of the Best Treasury and Cash Management Bank Award in 72 countries and territories as well as regionally across four categories in Africa, Asia-Pacific, Central and Eastern Europe, Latin America, the Middle East, North America and Western Europe, and by US Region.

This year’s announcement came against the backdrop of a number of global difficulties, including persistent supply chain bottlenecks and the unprecedented rise in global inflation where smart management of cash and Treasury systems has become more important than ever. Furthermore, this award honors the organizations that best serve their clients in the unpredictable times.

NBK was acknowledged as one of the best banks in the world and the Middle East in providing Treasury and cash management services among a group of major international banks and financial institutions including Citibank, BBVA and Société Générale.

This prestigious award stands testament to the Bank's leading position, across the local and regional markets, in providing the best innovative banking solutions to its customers. NBK continues to reap the benefits of its large investments in developing its infrastructure and cutting-edge technologies, and offering the best services to its customers, in addition to investing in its human capital and building a team of highly regarded professionals in the banking industry.

This award is also a testament to the Treasury Group's unrelenting efforts to improve operational efficiency and deliver excellent customer service through the implementation of numerous initiatives.

The Treasury Group continues to play a vital role in ensuring that the Bank’s financial resources are managed effectively and efficiently, in addition to the role it plays to support future growth, minimize risks and maximize profits.

As a regional leader, NBK continues to leverage its strengths as a major global player and its extensive market expertise to deliver the best financial products and services to its customers, as well as the most innovative Treasury solutions to serve its regional clients.

The Treasury Group is continuously seeking to uplift its technologies and infrastructure to reduce costs while providing the best services to its customers. Furthermore, the development of the Treasury Group's strong digital foundation has allowed NBK to manage liquidity more efficiently and accurately, as well as hedge against the risks of interest rate fluctuations and foreign exchange exposure, resulting in informed cash management decisions and more effective use of the Bank's resources to improve profitability.

In the meanwhile, NBK's wide regional and global presence strengthens its position to serve HNW clients in a manner that supports the Treasury Group's goals of diversifying the Group's funding base.

The Treasury Group continuously strives to grow the Bank's international clientele by providing innovative electronic platforms for foreign currency trading, tailoring hedging strategies to each client's unique risk profile, and offering a wide range of financial products.

Global Finance, founded in 1987 and headquartered in New York, is one of the most reputable finance and economics magazines. It has a circulation of 50,000 readers in 193 countries worldwide, including senior corporate executives and financial officers making investment and strategic decisions at multinational companies and financial institutions.

The magazine recognizes the best international and regional banks and financial institutions based on the results of several yearly surveys that measure their creativity and profitability.

For more information about Global Finance magazine's “Best Treasury and Cash Management Banks” Award 2023, please visit their website at: https://www.gfmag.com/ 

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