Mubasher: Kuwait's banking system is performing well at present and is ready to adapt with any economic crisis since it is the safest among other countries in the region, deputy CEO of the National Bank of Kuwait (NBK) Shaikh Khalid Al Bahar said on Tuesday during the Euromoney conference which kicked off on Tuesday, 25 September.
The future of Kuwait’s banking sector seems to perform positively in line with creating a number of opportunities based on Kuwait Vision 2035, Al Bahar added.
Globally, the banking segment witnessed a recession and demands from governments while some of the tycoons in the banking sector disappeared, the deputy CEO said in the conference.
The sector was impacted by merger and acquisition transactions in addition to selling assets and declaring states of bankruptcy, she noted.
