Comment & Analysis
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S&P Global Ratings Upgrades NBK’s Credit Rating to “A+” with a Stable Outlook
The Bank’s asset quality remains stable, taking into account its strong capitalization The bank’s ratings reflect its strong franchise in Kuwait and increasing geographic diversification NBK has maintained its NPL ratio below 1.5% and its cost of risk under 50 basis points since 2022 The loan portfolio registered robust annualized…
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Source: S&P Global Ratings