National Bank of Kuwait (NBK) has been awarded by Deutsche Bank the prestigious USD STP Excellence Award 2013 and Euro STP Excellence Award 2013. The awards recognize NBK’s exceptional quality in processing USD and Euro-denominated payments, as well as a high rate of STP transactions overall.
NBK maintained consistency throughout the high volume of remittances during the year whilst observing international standards of payments quality. This achievement puts NBK in the top tier of institutions Deutsche Bank works with globally.
Deutsche Bank is NBK’s correspondent for USD and Euro payments emanating from commercial and customer remittance payments. The Straight Through Processing (STP) award is given to a select few international banks each year to highlight their achievements in processing outgoing payments.
NBK enjoys the highest credit ratings by the major international rating agencies: Moody’s, Standard & Poor’s and Fitch Ratings. In their latest reports, the three rating agencies affirmed NBK’s credit ratings with a stable outlook. NBK also maintains its position among the 50 safest banks in the world for the eighth time in a row.
NBK enjoys the widest banking presence with an international network reaching 170 branches worldwide. NBK’s international presence spans many of the world’s leading financial centers including London, Paris, Geneva, New York and Singapore, as well as China (Shanghai). Meanwhile, regional coverage extends to Lebanon, Jordan, Iraq, Egypt, Bahrain, Qatar, Saudi Arabia, the UAE, and Turkey.
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