Latest news with #NBK
Zawya
a day ago
- Business
- Zawya
Abyat joins the NBK Rewards Program
AlNasrallah: We continuously strive to widen our network of partners for the NBK Rewards Program. Excellence in providing the best customer banking experience is part and parcel of NBK's culture. A 5% NBK Rewards points upon making a KD 100 purchase from Abyat for NBK customers. Reflecting its commitment to enriching the banking experience of its customers by providing exclusive offers and special rewards, National Bank of Kuwait announced the joining of Abyat, a leading company specialized in retail furnishing and finishing materials, to the NBK Rewards Loyalty Program. This exciting new partnership brings NBK Credit and Prepaid Cardholders an exclusive opportunity to earn 5% or redeem their NBK Rewards Points on their purchases at Abyat when spending KD 100. Starting today, NBK customers can enjoy benefits when shopping for furniture at Abyat. Whether renovating or simply refreshing a space, customers now have more reason to shop at Abyat with their NBK Credit or Prepaid Cards. The earned NBK Rewards points can be fully or partially redeemed for purchases at all participating outlets immediately through POS terminals. On this occasion, Homoud AlNasrallah SVP – Head of Merchant Business and Customer Loyalty Management commented: 'We always strive to strengthen our ties with leading companies across different fields and widen our network of partners within the NBK Rewards Program, as we hope to elevate and enrich our customers' banking experience and enhance the rewards and benefits when they use their NBK Credit and Prepaid Cardholders at their favorite outlets. Therefore, We're thrilled to welcome Abyat to the NBK Rewards Program. This partnership is a reflection of our commitment to giving NBK customers more value from the brands they already love - and Abyat is a household name when it comes to home solutions in Kuwait.' AlNasrallah also highlighted that to benefit from this offer, customers simply need to spend KD 100 or more using their NBK Credit or Prepaid cards in-store at Abyat. The 5% NBK Rewards points will be automatically credited to the rewards center, making home shopping even more rewarding. The NBK Rewards Program is Kuwait's largest loyalty program, offering unmatched savings and benefits across more than 800 partner outlets from retail and dining to entertainment and health and wellness centers.
Kuwait Times
a day ago
- Business
- Kuwait Times
Abyat joins NBK Rewards Program
Abyat joins NBK Rewards Program In light of NBK's commitment to enriching the customer experience KUWAIT: Reflecting its commitment to enriching the banking experience of its customers by providing exclusive offers and special rewards, National Bank of Kuwait announced the joining of Abyat, a leading company specialized in retail furnishing and finishing materials, to the NBK Rewards Loyalty Program. This exciting new partnership brings NBK Credit and Prepaid Cardholders an exclusive opportunity to earn 5 percent or redeem their NBK Rewards Points on their purchases at Abyat when spending KD 100. Starting Wednesday, NBK customers can enjoy benefits when shopping for furniture at Abyat. Whether renovating or simply refreshing a space, customers now have more reason to shop at Abyat with their NBK Credit or prepaid cards. The earned NBK Rewards points can be fully or partially redeemed for purchases at all participating outlets immediately through POS terminals. On this occasion, Homoud Al-Nasrallah SVP – Head of Merchant Business and Customer Loyalty Management commented: 'We always strive to strengthen our ties with leading companies across different fields and widen our network of partners within the NBK Rewards Program, as we hope to elevate and enrich our customers' banking experience and enhance the rewards and benefits when they use their NBK Credit and Prepaid Cardholders at their favorite outlets. Therefore, we're thrilled to welcome Abyat to the NBK Rewards Program. This partnership is a reflection of our commitment to giving NBK customers more value from the brands they already love - and Abyat is a household name when it comes to home solutions in Kuwait.' Al-Nasrallah also highlighted that to benefit from this offer, customers simply need to spend KD 100 or more using their NBK Credit or Prepaid cards in-store at Abyat. The 5 percent NBK Rewards points will be automatically credited to the rewards center, making home shopping even more rewarding. The NBK Rewards Program is Kuwait's largest loyalty program, offering unmatched savings and benefits across more than 800 partner outlets from retail and dining to entertainment and health and wellness centers.
Arab Times
a day ago
- Business
- Arab Times
Abu Shukri, Türkiye & Özal
My friend and colleague, the banker Ibrahim Dabdoub, known affectionately as Abu Shukri, is perhaps the most renowned bank manager in Kuwait. Abu Shukri led the National Bank of Kuwait (NBK) under the most difficult circumstances, delivering outstanding results for shareholders and mentoring a remarkable generation of leaders, including NBK's CEO Issam Al- Saqr and CEO of Boubyan Bank Adel Al-Majed. He began his career at NBK after completing his studies at a Turkish institute in Kuwait in 1961. Thanks to his exceptional skills, he quickly rose to become Director of the Loan Department. In 1980, he was appointed Deputy Chairman of the General Managers, and three years later, he became the CEO. After more than thirty years at the helm, he stepped down from daily management to serve as Secretary of the bank's Board of Directors for a period. In 2014, he graciously invited me and others to a celebration honoring his retirement. During his tenure as CEO, Abu Shukri skillfully steered the bank through two of the most severe crises any financial institution could face. The first came in 1982 during the stock market collapse, known as the 'Souq Al-Manakh' crisis, and the second during the devastating invasion of Kuwait by Saddam Hussein in August 1990. At the time, he was leading a workforce of over 1,500 employees, overseeing 50 local branches and a wide international network that extended across the Gulf, Hong Kong, Lebanon, London, New York, Geneva, and beyond. He rightfully earned numerous accolades for his leadership, most notably the 'Best Banker of the Year' award in 1995, presented by both the Arab Bankers Association and the Union of Arab Banks. Speaking about Abu Shukri is not merely a tribute to someone I have always enjoyed knowing, but also to his deep experience, sharp wit, and ever present smile, even in the face of difficult personal and family circumstances. I sincerely hope he is doing well. What prompted today's discussion is an old interview that recently resurfaced online. It highlighted our mutual friendship with the late President of Türkiye Turgut Özal, the architect of Turkiye's modern renaissance after Atatürk. I first met Özal when he was Turkiye's ambassador to Kuwait. At the time, he lived near our old family home. During his ambassadorship in the early 1980s, Özal actively encouraged me and a group of Kuwaiti businessmen, including Yaqoub Al-Jouan, Yassin Al-Enezi, and Abdulaziz Al- Mukhaizeem to invest in Türkiye. He later returned to Türkiye where he went on to serve as Minister of Planning, Prime Minister, and ultimately President of the Republic. During his rise, Özal extended an invitation to us, offering free government land in exchange for building tourism projects. He also proposed buying back Türkiye's European loans at a 45 percent discount and using the proceeds, converted into lira, to fund local construction materials and labor costs. It was an enticing offer. I traveled to Türkiye with one of the investors to explore the opportunity. However, we couldn't agree on a plot of land due to security concerns. The available sites were either next to the presidential palace, near the army commander's residence, or overlooking the intelligence headquarters. Compounding our hesitation were Türkiye's precarious economic conditions at the time, debt defaults, soaring inflation, and banks offering deposit interest rates nearing 90 percent. These factors led us to decline the offer. In hindsight, it became clear that our decision was a missed opportunity. Under Özal's leadership, Turkey rose, advanced, and achieved remarkable economic transformation. In the interview, Abu Shukri recalls meeting Turgut Özal at the Turkish ambassador's residence during Özal's official visit to Kuwait. At the time, Özal appealed for support to help ease Türkiye's economic hardship, as global banks had ceased lending to the country. While Abu Shukri declined direct investment, he proposed purchasing Kuwaiti oil with financing provided by the National Bank of Kuwait. That is exactly what happened. The initial purchase order amounted to $60 million, which Türkiye repaid a few months later. The contract was renewed several times. NBK's initiative was highly appreciated by the Turkish government and played a pivotal role in restoring confidence among international banks in the Turkish economy.
Kuwait Times
2 days ago
- Business
- Kuwait Times
NBK becomes a Platinum Member of Kuwait Green Building Council
Reflecting bank's commitment to achieving sustainability, responsible environmental practices KUWAIT: In an unprecedented step towards enhancing its sustainable efforts and responsible environmental practices, National Bank of Kuwait signed an agreement with the Kuwait Green Building Council (KGBC) by which it has become a Platinum member and the first bank in Kuwait to join the council. NBK is the only bank to have obtained the LEED Gold Certification for its headquarters, mirroring its dedication to adopting the highest sustainability standards in the design and construction of its facilities. This agreement aims to enhance collaborations between NBK and KGBC to shape a sustainable future for Kuwait. The agreement will involve the bank's active participation in the council's programs, campaigns, initiatives, and the sharing of its expertise in this field. Under this agreement, NBK can benefit from a variety of programs, including specialized training, workshops, and seminars that have been tailored to enhance the knowledge of KGBC members in green buildings and sustainable construction practices, keep them updated with the field's latest development, and provide them with technical consultations that help them understand and apply green standards and practices. Moreover, council members can attend all NBK's activities, including conferences, seminars, and panel discussions, which presents a remarkable opportunity for field enthusiasts to communicate and exchange ideas. In this light, NBK is organizing an exclusive tour for approximately 30 visitors from KGBC at its LEED Gold certified headquarters to explore the features of the building's sustainable design and energy-saving operations in addition to its environmental responsibility as per world green building standards. NBK constantly supports sustainable development and promotes green practices in the construction field aimed at conserving natural resources, as it firmly believes that green buildings play a pivotal role in shaping a sustainable and safe future for Kuwait. As a responsible and sustainable financial institution, NBK strives to make positive impact that reflects its continuous efforts during the past years in promoting all sustainable practices and supporting Kuwait's low-carbon emissions agenda. Additionally, NBK continues to work hand in hand with its strategic partners to develop and execute sustainable projects that aim to make real and tangible changes, as well as participate in several purposeful initiatives to raise awareness about the significance of green buildings. The Kuwait Green Building Council was established as a non-profit, non-governmental entity in 2017. As a membership-based organization, KGBC aims to encourage and promote sustainable development in Kuwait, and it's a member of a global network of more than 75 green building councils operating under the umbrella of the World Green Building Council. It is worth noting that NBK has always been the first to take the initiative and support all green projects aimed at enhancing sustainability efforts. It has also made significant strides in the field of environmental, social and corporate governance (ESG), making sustainability a fundamental pillar in all its business operations and corporate culture, which enhances the transition to a sustainable, low-carbon economy in line with Kuwait's strategic agenda. •NBK is committed to promoting sustainable development by incorporating sustainable practices in the construction field. •This partnership reflects a joint vision that strives to build a sustainable future for Kuwait.
Zawya
3 days ago
- Business
- Zawya
NBK becomes a Platinum member of Kuwait Green Building Council
NBK is committed to promoting sustainable development by incorporating sustainable practices in the construction field. This partnership reflects a joint vision that strives to build a sustainable future for Kuwait. In an unprecedented step towards enhancing its sustainable efforts and responsible environmental practices, National Bank of Kuwait signed an agreement with the Kuwait Green Building Council (KGBC) by the which it has become a Platinum member and the first bank in Kuwait to join the council. NBK is the only bank to have obtained the LEED Gold Certification for its headquarters, mirroring its dedication to adopting the highest sustainability standards in the design and construction of its facilities. This agreement aims to enhance collaborations between NBK and KGBC to shape a sustainable future for Kuwait. The agreement will involve the bank's active participation in the council's programs, campaigns, initiatives, and the sharing of its expertise in this field. Under this agreement, NBK can benefit from a variety of programs, including specialized training, workshops, and seminars that have been tailored to enhance the knowledge of KGBC members in green buildings and sustainable construction practices, keep them updated with the field latest development, and provide them with technical consultations that help them understand and apply green standards and practices. Moreover, council members can attend all NBK's activities, including conferences, seminars, and panel discussions, which presents a remarkable opportunity for field enthusiasts to communicate and exchange ideas. In this light, NBK is organizing an exclusive tour for approximately 30 visitors from KGBC at its LEED Gold certified headquarters to explore the features of the building's sustainable design and energy-saving operations in addition to its environmental responsibility as per world green building standards. NBK constantly supports sustainable development and promotes green practices in the construction field aimed at conserving natural resources, as it firmly believes that green buildings play a pivotal role in shaping a sustainable and safe future for Kuwait. As a responsible and sustainable financial institution, NBK strives to make positive impact that reflects its continuous efforts during the past years in promoting all sustainable practices and supporting Kuwait's low-carbon emissions agenda. Additionally, NBK continues to work hand in hand with its strategic partners to develop and execute sustainable projects that aim to make real and tangible changes, as well as participate in several purposeful initiatives to raise awareness about the significance of green buildings. The Kuwait Green Building Council was established as a non-profit, non-governmental entity in 2017. As a membership-based organization, KGBC aims to encourage and promote sustainable development in Kuwait, and it's a member of a global network of more than 75 green building councils operating under the umbrella of the World Green Building Council. It is worth noting that NBK has always been the first to take the initiative and support all green projects aimed at enhancing sustainability efforts. It has also made significant strides in the field of environmental, social and corporate governance (ESG), making sustainability a fundamental pillar in all its business operations and corporate culture, which enhances the transition to a sustainable, low-carbon economy in line with Kuwait's strategic agenda.
