NBK Capital out to follow in parent’s footsteps
National Bank of Kuwait’s universal banking ambitions are closely tied to the growth of its investment banking and markets unit.
NBK Capital’s ties to its parent bank, one of the leading financial institutions in the Middle East, are a vital factor in its growth, providing access to a far wider range of clients and deals than it might otherwise have. NBK Capital works closely with the international banking group at NBK and only expands into markets where its parent bank has a presence. NBK is active in 16 countries around the Middle East, Europe, Asia and North America, offering plenty of potential for further growth by the investment banking division.
Chief executive officer Salah Al Fulaij says this close relationship with its parent will remain at the centre of NBK Capital’s strategy in the future.
"We’re an added value to the commercial bank," he says. "We will always be an extension for NBK. It’s an advantage for us, because if a foreign client is looking for an investment in Kuwait or vice versa they usually come to us because they know we have the reach and know the markets."