Latest news with #NBK
Kuwait Times
3 days ago
- Business
- Kuwait Times
NBK showcases digital leadership, commitment to ‘Diraya' campaign
KUWAIT: Abdulmohsen Al-Rushaid, Senior Vice President - Head of Digital Communications at National Bank of Kuwait (NBK), emphasized the bank's integral role in supporting the nationwide banking awareness campaign 'Let's Be Aware' (Diraya), launched by the Central Bank of Kuwait (CBK) in collaboration with local banks and Kuwait Banking Association. The campaign aims to foster financial literacy, promote financial inclusion, and educate customers across all segments of society. Speaking during an interview on the Kuwait TV show 'Good Evening Kuwait', Al-Rushaid stated: 'At NBK, we operate around the clock to track the latest fraud schemes, raise customer awareness, and provide guidance on how to avoid falling victim to these scams through educational content shared across our social media platforms.' He also underscored the importance of the Virtual Central Room, launched jointly by Kuwait Banking Association, local banks and relevant authorities including the Ministry of Interior and the Public Prosecution, under the direction of CBK. Al-Rushaid described this initiative as the first line of defense against cyber fraud, noting that it operates 24/7 to receive fraud reports and monitor suspicious activity - enhancing customer safety and reinforcing confidence in the banking sector. Al-Rushaid further noted that the 'Let's Be Aware' campaign is the largest of its kind in the region, significantly contributing to improved financial awareness among the public. He urged the public to remain vigilant, follow the bank's security guidelines shared across all digital platforms, and refrain from disclosing any personal or banking information to unauthorized parties. He also cautioned against responding to messages or calls that falsely claim to be from the bank and request sensitive data. He explained that the bank will never request personal information via email, text messages, or phone calls, warning that any such communication is likely a fraud attempt designed to steal banking credentials, sensitive data, or funds. Furthermore, he reiterated NBK's strong commitment to promoting banking awareness, especially among older generations who are more vulnerable to scams due to the advanced technologies and artificial intelligence tools used by fraudsters. Al-Rushaid also warned against booking accommodations through unverified websites or brokers. He advised verifying the legitimacy of any company or platform by inspecting properties in person before making payments, to avoid fraud. In cases of suspicious activity, customers are encouraged to contact the bank immediately and activate transaction alerts via the NBK Mobile App to receive real-time notifications. Leveraging its robust communication infrastructure and leading digital presence among Kuwaiti banks, NBK aims to ensure maximum reach and effectiveness for the campaign's educational messages. Digital excellence Mohammad Al-Dakhil, Assistant Vice President - Digital Business at NBK, confirmed that customers can now temporarily suspend their bank cards through the NBK mobile banking app if they suspect any unusual account activity. During the interview, Al-Dakhil stated: 'At NBK, we are committed to advancing our digital leadership through the services offered on our mobile banking app, which is a key platform for customers conducting their day-to-day banking. We continually strive to introduce new features and enhancements that deliver a superior digital banking experience - one that not only meets, but exceeds, customer expectations.' He added that the bank is consistently innovating to enrich the digital journey, citing the recent launch of the full account opening service via NBK mobile banking app - making NBK the first bank in Kuwait to offer this function digitally. The NBK mobile banking app also allows customers to issue digital prepaid gift cards. These virtual cards can be easily created, loaded and sent to friends or family for use in stores or online, both within Kuwait and abroad. The recipient can instantly add the card to their digital wallet and begin using it for purchases. Al-Dakhil also highlighted the success of the WAMD service, developed in partnership with KNET. The service allows for fast, seamless money transfers at any time of day, offering users a streamlined transfer process with just a few steps. In the meantime, Al-Dakhil further spotlighted the cutting-edge services offered by Weyay Bank - the first digital bank in Kuwait. Among its key innovations is the introduction of a fully digital loan application process for both personal and housing loans, allowing customers to submit documents, receive approvals, and sign contracts entirely through the app. Weyay has also launched Jeel, a first-of-its-kind digital experience in Kuwait tailored for children aged 8 to 14. The service enables young users to manage their spending under parental supervision, fostering early financial literacy through a dedicated child-friendly app interface. Thanks to its pioneering digital services, Weyay Bank has earned several prestigious accolades, most notably being named Best Digital Bank in Kuwait by Euromoney at the 2025 Middle East Excellence Awards. The recognition affirms Weyay's leadership in delivering innovative digital banking solutions tailored to evolving customer needs. Since its launch, Weyay Bank has transformed the digital banking landscape in Kuwait by offering a comprehensive suite of services - from account opening and savings management to local and international transfers, and digital loan access - empowering customers to manage their finances flexibly and efficiently. Abdulmohsen Al-Rushaid: •Vigilant around the clock to detect fraud and educate customers •NBK reinforces its commitment to promoting banking awareness across all segments •Leading digital engagement among Kuwaiti banks to maximize public outreach Mohammad Al-Dakhil: •Advancing digital excellence through innovation and service enhancement •NBK empowers customers to suspend cards instantly via the NBK mobile banking app in case of suspicious activity •First bank in Kuwait to offer fully digital account opening through the NBK mobile banking app.
Kuwait Times
3 days ago
- Business
- Kuwait Times
NBK named ‘Best Bank for Cash Management in Kuwait' for 2025
KUWAIT: Confirming its leadership in providing the best banking solutions for its customers, National Bank of Kuwait received the award of Best Cash Management in Kuwait for the third consecutive year in 2025 from Global Finance as part of the magazine's annual Best Treasury and Cash Management Awards. Global Finance announced the winners of the best providers in treasury and cash management for the year 2025 in 71 countries and geographic locations across the world and the region covering Asia, Africa, the Middle East and the Pacific, Europe and the Americas. The magazine rated the best providers in treasury and cash management based on a variety of criteria that include profitability, market share, customer service, accessibility, competitive pricing, innovative products and the level to which these institutions exceed their competitors in terms of providing basic treasury and cash management services. The magazine also utilized a multi-level approach to select winners, including participation from banks, service providers, analysts, executives of big corporates, tech experts and independent research. NBK's win is a true global recognition for the tireless efforts of the bank's Treasury Group team in improving operational efficiency and providing excellent customer service by implementing numerous initiatives. The Treasury Group team also plays a pivotal role in ensuring the effective and efficient management of the bank's financial resources, contributing to future growth, reducing risks and increasing profits. The robust digital foundation of NBK's Treasury Group has enabled the team to manage liquidity more efficiently and accurately, while hedging interest rate and foreign exchange risks, which has led to informed cash management decisions. NBK is reaping the rewards of its massive investments in developing its infrastructure, which aims to provide high-quality services to customers, along with its investments in its human capital.
Zawya
3 days ago
- Business
- Zawya
NBK showcases digital leadership and commitment to 'Let's Be Aware' campaign
Al-Rushaid: Vigilant Around the Clock to Detect Fraud and Educate Customers NBK Reinforces Its Commitment to Promoting Banking Awareness Across All Segments Leading Digital Engagement Among Kuwaiti Banks to Maximize Public Outreach Al-Dakhil: Advancing Digital Excellence Through Innovation and Service Enhancement NBK Empowers Customers to Suspend Cards Instantly via the NBK Mobile Banking App in Case of Suspicious Activity First Bank in Kuwait to Offer Fully Digital Account Opening Through the NBK Mobile Banking App. Mr. Abdulmohsen Al-Rushaid, Senior Vice President -Head of Digital Communications at National Bank of Kuwait (NBK), emphasized the bank's integral role in supporting the nationwide banking awareness campaign 'Let's Be Aware' (Diraya), launched by the Central Bank of Kuwait (CBK) in collaboration with local banks and Kuwait Banking Association. The campaign aims to foster financial literacy, promote financial inclusion, and educate customers across all segments of society. Speaking during an interview on the Kuwait TV show 'Good Evening Kuwait', Al-Rushaid stated: 'At NBK, we operate around the clock to track the latest fraud schemes, raise customer awareness, and provide guidance on how to avoid falling victim to these scams through educational content shared across our social media platforms.' He also underscored the importance of the Virtual Central Room, launched jointly by Kuwait Banking Association, local banks, and relevant authorities including the Ministry of Interior and the Public Prosecution, under the direction of CBK. Al-Rushaid described this initiative as the first line of defense against cyber fraud, noting that it operates 24/7 to receive fraud reports and monitor suspicious activity—enhancing customer safety and reinforcing confidence in the banking sector. Al-Rushaid further noted that the 'Let's Be Aware' campaign is the largest of its kind in the region, significantly contributing to improved financial awareness among the public. He urged the public to remain vigilant, follow the bank's security guidelines shared across all digital platforms, and refrain from disclosing any personal or banking information to unauthorized parties. He also cautioned against responding to messages or calls that falsely claim to be from the bank and request sensitive data. He explained that the bank will never request personal information via email, text messages, or phone calls, warning that any such communication is likely a fraud attempt designed to steal banking credentials, sensitive data, or funds. Furthermore, He reiterated NBK's strong commitment to promoting banking awareness, especially among older generations who are more vulnerable to scams due to the advanced technologies and artificial intelligence tools used by fraudsters. Al-Rushaid also warned against booking accommodations through unverified websites or brokers. He advised verifying the legitimacy of any company or platform by inspecting properties in person before making payments, to avoid fraud. In cases of suspicious activity, customers are encouraged to contact the bank immediately and activate transaction alerts via the NBK Mobile App to receive real-time notifications. Leveraging its robust communication infrastructure and leading digital presence among Kuwaiti banks, NBK aims to ensure maximum reach and effectiveness for the campaign's educational messages. Digital Excellence Mr. Mohammad Al-Dakhil, Assistant Vice President – Digital Business at NBK, confirmed that customers can now temporarily suspend their bank cards through the NBK Mobile Banking App if they suspect any unusual account activity. During the interview, Al-Dakhil stated: 'At NBK, we are committed to advancing our digital leadership through the services offered on our Mobile Banking App, which is a key platform for customers conducting their day-to-day banking. We continually strive to introduce new features and enhancements that deliver a superior digital banking experience—one that not only meets, but exceeds, customer expectations.' He added that the bank is consistently innovating to enrich the digital journey, citing the recent launch of the full account opening service via NBK Banking Mobile App—making NBK the first bank in Kuwait to offer this function digitally. The NBK Mobile Banking App also allows customers to issue digital prepaid gift cards. These virtual cards can be easily created, loaded, and sent to friends or family for use in stores or online, both within Kuwait and abroad. The recipient can instantly add the card to their digital wallet and begin using it for purchases. Al-Dakhil also highlighted the success of the WAMD service, developed in partnership with KNET. The service allows for fast, seamless money transfers at any time of day, offering users a streamlined transfer process with just a few steps. In the meantime, Al-Dakhil further spotlighted the cutting-edge services offered by Weyay Bank—the first digital bank in Kuwait. Among its key innovations is the introduction of a fully digital loan application process for both personal and housing loans, allowing customers to submit documents, receive approvals, and sign contracts entirely through the app. Weyay has also launched Jeel, a first-of-its-kind digital experience in Kuwait tailored for children aged 8 to 14. The service enables young users to manage their spending under parental supervision, fostering early financial literacy through a dedicated child-friendly app interface. Thanks to its pioneering digital services, Weyay Bank has earned several prestigious accolades, most notably being named Best Digital Bank in Kuwait by Euromoney at the 2025 Middle East Excellence Awards. The recognition affirms Weyay's leadership in delivering innovative digital banking solutions tailored to evolving customer needs. Since its launch, Weyay Bank has transformed the digital banking landscape in Kuwait by offering a comprehensive suite of services from account opening and savings management to local and international transfers, and digital loan access empowering customers to manage their finances flexibly and efficiently.
Kuwait Times
6 days ago
- Health
- Kuwait Times
NBK organizes blood donation campaign for its employees
KUWAIT: In line with World Blood Donor Day and as part of its social responsibility and community service, National Bank of Kuwait organized a successful blood donation campaign for its employees at the bank's headquarters where employees from different departments and sectors showed strong participation and desire to contribute to this noble act, further highlighting NBK's belief that such campaigns play an effective role in providing support for the ill and in need. Such campaigns are part and parcel of NBK's strategy, as it aims to raise society's awareness about the importance of donating blood, as well as highlight how this act can save many lives and further enhance Kuwait's blood bank inventory. Moreover, NBK strives to instill acts of social responsibility at the core of its strategy, as it stands as an effective partner in social development through its various campaigns as well as the educational, environmental and healthcare initiatives that have become a true embodiment of the bank's deep commitment towards serving all society's segments. On their part, the Blood Bank team commended this benevolent initiative and applauded NBK's humanitarian endeavors that have always strived to serve the nation and society in the best way possible. NBK has always organized blood donations in support of Kuwait's Blood Bank and as an expression of social solidarity. Furthermore, NBK is committed to providing support for all healthcare institutions by organizing relevant events and campaigns to raise awareness and promote healthy lifestyles. It should be noted that NBK's record is filled with pioneering social and humanitarian initiatives across different sectors, including health awareness and illness prevention campaigns. At the forefront of these campaigns comes breast cancer awareness and early detection, diabetes, prostate cancer and many others.
Kuwait Times
13-06-2025
- Business
- Kuwait Times
NBK wins ‘Best Bank for Sustainable Finance in Kuwait' by Global Finance
Affirming its ESG leadership in Kuwait's banking sector KUWAIT: National Bank of Kuwait was named Best Bank for Sustainable Finance in Kuwait for 2025 according to the fifth annual survey on Sustainable Finance conducted by the renowned Global Finance Magazine, marking a new achievement that highlights its leadership in the banking sector. This annual survey recognizes global and regional leadership in Sustainable Finance for initiatives designed from January to December 2024 to mitigate the negative impacts of climate change and help build a more sustainable future for humanity. This award recognizes NBK's continuous excellence and leadership in enhancing sustainable finance and incorporating sustainability within its operations and institutional culture. Moreover, the award reflects NBK's pivotal role in promoting the transformation into an economy that is more socially and environmentally responsible and sustainable. Criteria for evaluation included governance policies and goals as well as measurable achievements in environmental and social sustainability and demonstrated leadership in sustainable finance and investments. This year's awards were based on opinions and analyses of prominent trade and investment experts and executives, and they covered areas such as innovative sustainable finance offerings, impact-driven bond issues, community support and SME funding, climate change mitigation efforts, and transparency & reporting. It should be noted that this award is an addition to a long record of awards and high international rankings that NBK Group has been continuously receiving in recognition of its distinctive efforts. NBK is one of the first banks in Kuwait to adopt sustainable finance in its strategy and incorporate ESG standards in its business and operational procedures as well as its institutional culture. Furthermore, NBK launched several services and value propositions geared towards supporting the transition to a low-carbon economy across all its locations. These offerings include green mortgage loans, consumer loans for electric vehicles, financing options related to sustainability and low-emission housing loans, as well as sustainability-linked facilities tied to the achievement of pre-determined ESG KPIs to encourage the adoption of sustainable practices. Additionally, NBK successfully issued its first KD 500 million green bonds in 2024 as part of its global medium-term note program, which has a 6-year maturity and first call date after 5-years and is considered the first issuance by a Kuwaiti financial institution. In this context, NBK has recently published its first Green Bond Allocation and Impact Report, demonstrating traceability to the use of the bond proceeds towards green projects with clear and measurable environmental benefits. As of 31 March 2025, the Bank's eligible green asset portfolio reached $625 million, exceeding the bond value. By end of 2024, NBK's net sustainable assets value reached $4.97 billion, which is 50 percent of the targeted level for the year 2030 at USD 10 billion. NBK's ESG strategy aims to support economic development and emerge as a role model in the field through its four interrelated, foundational pillars that include Governance for Resilience, Responsible Banking, Capitalizing on our Capabilities, and Investing in our Communities. By obtaining prestigious awards in the field of sustainable finance over the past years, NBK has proven its commitment to these principles and leadership in the regional banking sector. More on its efforts on sustainability, NBK diligently works towards developing innovative sustainable finance solutions for its clients and customers to support their transition plans strategically, aligned with international standards and regulations to better respond to the world's rising demand for climate funding. Global Finance, founded in 1987, is one of the most reputable magazines specialized in finance and economics. It has a circulation of 50,000 readers in 188 countries, including senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. The magazine conducts various surveys annually about innovation and profitability for banks and financial institutions all over the world, based on which it selects top performers on the regional and international levels.
