Since its incorporation in 1952 as Kuwait’s first indigenous bank and the first shareholding company in the entire Gulf region, NBK has been known as ‘The Bank You Know and Trust’. Thanks to the recognized excellence of its very stable management along with its unequivocal strategy, consistent profitability, high asset quality and strong capitalization, NBK, throughout the years, succeeded in building an advanced banking institution that offers a full spectrum of innovative and unrivalled financial and investment services and solutions to individual, corporate and institutional clients. NBK enjoys a dominant market share with a large and ever-expanding local and regional clientele. NBK also boasts Kuwait’s largest overseas branch network spanning many of the world financial and business centers
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 KD). 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
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