«Moody»: 1.6% of NPLs to the «national» coverage exceeding 200%
Confirmed the agency «Moody» credit rating categories that Bank of Kuwait «national» long-term financial indicators reflect the strength and high quality assets and strong capitalization and the largest share in the domestic market, and also reflect its view of the expertise of the administrative apparatus and its strategy clear.The «Moody» in a detailed report with the Bank of Kuwait «national» that «the assets of« national »has shown durability unmatched among his peers in the local market, noting that the proportion of non-performing loans of the total loan portfolio at the end of the year 2010 did not exceed% 1.65 to« National »compared with about 7% on average for the banking sector of Kuwait, and by covering more than 200%, adding that« national »was able to maintain the asset quality high in the light of the deteriorating economic environment, which is least exposed to the troubled companies locally and regionally among all competitors.The «Moody» The credit conditions in Kuwait are still weak, noting that credit growth prospects depend on the effectiveness of government spending to support economic activity. They believed that the non-oil private sector is not in the site now allows him to support credit growth in a sustained manner in the absence of accelerated government spending.She «Moody» that the prospects for credit growth in Kuwait will improve gradually with the implementation of the development plan, which is still currently facing bureaucratic obstacles and political, predicting that the Government continues to miss goals set by the spending power in the five-year plan. But stressed that «national» in a good position to take advantage of opportunities that may result from the implementation of the plan.She «Moody» that «national» has the reputation of excellent and comfortable levels of liquidity and high efficiency with all international standards and the Gulf. She said that «the administrative system of the Bank of Kuwait« national »is characterized by his expertise and vision, along with the obvious strategy shift», noting that risk management has a strong and a great deal of autonomy.The «Moody» The location of the «national» dominant in the domestic market and expansion make it the best regional bank in the banking sector in terms of diversity of sources of income. As the «national» to lift its stake in Bank «Boubyan» to 47.3%, which would provide him with additional opportunities for growth in the medium term.She «Moody» that «the National is the largest financial institution in Kuwait and the largest commercial bank, by far rivals, and it is one of the few banks in the region that has the ability to structure and financing of major transfers in the capital markets. She said that the assets of the National Bank of Kuwait, the total amounted to KD 12.9 billion at the end of 2010, constituting 30% of the total banking sector assets in Kuwait. It also accounts for the largest share of the national market of retail services, and banking services to companies ». She explained that «all the large contracts granted to foreign companies almost leads the National Bank of Kuwait, the process of funding and the largest bank in trade finance in Kuwait».
Confirmed the agency «Moody» credit rating categories that Bank of Kuwait «national» long-term financial indicators reflect the strength and high quality assets and strong capitalization and the largest share in the domestic market, and also reflect its view of the expertise of the administrative apparatus and its strategy clear.The «Moody» in a detailed report with the Bank of Kuwait «national» that «the assets of« national »has shown durability unmatched among his peers in the local market, noting that the proportion of non-performing loans of the total loan portfolio at the end of the year 2010 did not exceed% 1.65 to« National »compared with about 7% on average for the banking sector of Kuwait, and by covering more than 200%, adding that« national »was able to maintain the asset quality high in the light of the deteriorating economic environment, which is least exposed to the troubled companies locally and regionally among all competitors.The «Moody» The credit conditions in Kuwait are still weak, noting that credit growth prospects depend on the effectiveness of government spending to support economic activity. They believed that the non-oil private sector is not in the site now allows him to support credit growth in a sustained manner in the absence of accelerated government spending.She «Moody» that the prospects for credit growth in Kuwait will improve gradually with the implementation of the development plan, which is still currently facing bureaucratic obstacles and political, predicting that the Government continues to miss goals set by the spending power in the five-year plan. But stressed that «national» in a good position to take advantage of opportunities that may result from the implementation of the plan.She «Moody» that «national» has the reputation of excellent and comfortable levels of liquidity and high efficiency with all international standards and the Gulf. She said that «the administrative system of the Bank of Kuwait« national »is characterized by his expertise and vision, along with the obvious strategy shift», noting that risk management has a strong and a great deal of autonomy.The «Moody» The location of the «national» dominant in the domestic market and expansion make it the best regional bank in the banking sector in terms of diversity of sources of income. As the «national» to lift its stake in Bank «Boubyan» to 47.3%, which would provide him with additional opportunities for growth in the medium term.She «Moody» that «the National is the largest financial institution in Kuwait and the largest commercial bank, by far rivals, and it is one of the few banks in the region that has the ability to structure and financing of major transfers in the capital markets. She said that the assets of the National Bank of Kuwait, the total amounted to KD 12.9 billion at the end of 2010, constituting 30% of the total banking sector assets in Kuwait. It also accounts for the largest share of the national market of retail services, and banking services to companies ». She explained that «all the large contracts granted to foreign companies almost leads the National Bank of Kuwait, the process of funding and the largest bank in trade finance in Kuwait».
