Kuwait-Mubasher: Moody’s Investors Service said that National Bank of Kuwait’s (NBK) board decision to raise the bank’s capital by 6.5% would be positive, according to a recent statement.
Moody’s opinion relied on the bank’s capital adequacy ratios ahead of a full implementation of the Kuwait’s central bank Basel III capital requirements by the end of 2016.
“Moody’s said that NBK is Kuwait’s largest financial institution, with an assets market share of more than 30 per cent at year-end 2015, and total assets of KWD 24 billion ($78 billion),” according to a statement.
