VOL. XLVI

No 20

19-May-2003

REGIONAL BANKING

NBK Receives Singapore Banking License

National Bank of Kuwait (NBK) was awarded a wholesale banking license on 8 May by the Monetary Authority of Singapore (MAS) as part of the countrys efforts to liberalize the banking industry. In addition to NBK, seven other international banks including HSBC (Suisse), Fortis Ban and Royal Bank of Scotland were awarded wholesale banking licenses. NBK CEO, Ibrahim Dabdoub, said that Singapore is the headquarters for...