National Bank of Kuwait S.A.K. · Kuwait Kuwait ·(Kuwait: NBK)
Company Description
View National Bank of Kuwait S.A.K. Locations On A US Map
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This link will open in a new window Think of this bank as the beast in the Middle East. Founded in 1952, National Bank of Kuwait (NBK) reigns supreme as the largest and most dominant financial services company in Kuwait (fifth among worldwide Arab banks). Through about 65 branches in Kuwait, the bank offers traditional personal banking services such as money accounts, credit cards, loans, and other related banking packages, and it also caters to businesses and commercial clients. Brokerage services and several different kinds of investment funds are offered by the bank as well. NBK has operations in about a dozen additional countries in places such as London, Paris, New York, and Singapore. To read the full description, subscribe now.
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Key National Bank of Kuwait S.A.K. Financials
| Company Type | Public - Kuwait: NBK Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $826.2 |
| Employees | 4,500 |
National Bank of Kuwait S.A.K. Executives
8 executives listed for National Bank of Kuwait S.A.K.'s Kuwait, location.
| Title | Name & Bio | Contact |
| Chairman | Mohammed Abdul Rahman Al Bahar | Network |
| Vice Chairman | Nasser Musaed Abdulla Al Sayer | Network |
| CEO | Ibrahim Dabdoub | Network |
Competition
Competitive Landscape for National Bank of Kuwait S.A.K.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top National Bank of Kuwait S.A.K. Competitors
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