National Bank of Kuwait

Kuwait City, Kuwait

https://www.nbk.com

Bank Logo

The National Bank of Kuwait (NBK) is a renowned Kuwaiti multinational bank, established in 1952 and headquartered in Kuwait City. The bank expanded its operations to the United Arab Emirates (UAE) in 2008, opening its first branch in Dubai. This move was aimed at capturing Kuwaiti linkages and servicing group relationships in the UAE. NBK has since grown its franchise regionally through affiliates, branches, and subsidiary banks in various countries, including Bahrain, Egypt, Iraq, Jordan, Lebanon, Saudi Arabia, and the UAE.

Services and Operations

NBK UAE offers a wide range of financial services, designed to guide customers through their entire banking process in a smooth, easy, and friendly manner. The bank's robust presence in the UAE can be observed through its numerous branches and ATMs strategically located in Dubai and Abu Dhabi. The bank's branch in Dubai is located at the Latifa Tower on Sheikh Zayed Road, and the contact number is +97143161700. The bank is also present in the Acico Business Park Building in Dubai, with the phone number +971-4-2929222.

Global Presence

The National Bank of Kuwait maintains a global presence with its unique SWIFT/BIC code NBOKAEADXXX, used for international transactions. However, NBK does utilize different codes for various services, underscoring the diversity of its operations. The bank's website accessible at https://www.nbk.com/uae/ provides comprehensive information about its services, operations, and branch locations in the UAE and globally. In addition, customers can locate their nearest branch or ATM through the 'Find Us' feature on the website.

Branches

National Bank of Kuwait NBK - National Bank of Kuwait بنك الكويت الوطني

NBK - National Bank of Kuwait بنك الكويت الوطني

Latifa Tower - Trade Centre - Trade Centre 1 - Dubai

Personal

Deposits

National Bank of Kuwait Logo
Minimum Deposit: AED 0.00
Tenure: 30 - days
Interest Rate: Varies
Payment Frequency: On Maturity
Early Withdrawal Penalty: Interest is recalculated at a lower rate if withdrawn before maturity. If the adjusted rate is below 0%, only the principal is returned.
Islamic Deposit: No

Features:

Available in multiple currencies with automatic renewal unless instructed otherwise. Fixed interest rate is locked at the time of deposit placement.

Mortgages

National Bank of Kuwait Logo
Interest Rate: EIBOR-based
APR: N/A
Max Loan Amount: AED 10,000,000.00
Loan Tenure: 240 months
Loan-to-Value (LTV): 65.00%
Processing Fee: 1.05% of loan amount (min AED 5,000).

Features:

Only available for properties with title deeds or final payments to developers. Debt burden ration: 50% DBR cap.

National Bank of Kuwait Logo
Interest Rate: EIBOR-based
APR: N/A
Max Loan Amount: AED 10,000,000.00
Loan Tenure: 240 months
Loan-to-Value (LTV): 60.00%
Processing Fee: 1.05% of loan amount (min AED 5,000).

Features:

Eligible for select international properties where NBK operates. Debt burden ration: 50% DBR cap.

Savings Accounts

National Bank of Kuwait Logo
Interest Rate Not Applicable
Minimum Balance: AED 3,000.00
Account Type Standard
Open Online: Yes
National Bank of Kuwait Logo
Interest Rate Not Applicable
Minimum Balance: AED 3,000.00
Account Type Standard
Open Online: Yes

Business

SWIFT Codes

National Bank of Kuwait - Dubai Branch
NBOKAEAD

Other Banks: