NBK’s Focus Is on Digital Banking, Diverisification: Al-Bahar

The video discusses the ongoing economic challenges due to the pandemic, highlighting the IMF's GDP contraction estimates and the bank's financial provisions. It evaluates the Kuwaiti government's support for banks and the potential for future projects to boost the economy. The bank's strategy focuses on digitalization and diversification, with significant investments in digital banking and a shift away from traditional retail branches. The future of banking is seen as digital, with a strong emphasis on leveraging technology for growth.

What was the estimated contraction of the world GDP during the pandemic?

• 3.5%

• 4.4%

• 5.0%

• 6.2%

How did the Central Bank of Kuwait support banks during the pandemic?

• By providing zero-cost funding

• By reducing taxes

• By increasing interest rates

• By relaxing loan ratios

What is the average MPL (Non-Performing Loan) percentage for Kuwaiti banks?

• 4%

• 3%

• 2%

• 1%

What is the bank's primary focus in its strategy?

• Reducing staff

• Digitalization and diversification

• Expanding physical branches

• Increasing loan interest rates

Which sector is NOT mentioned as a focus for the bank's diversification?

• Consumer banking

• Corporate banking

• Retail banking

• Agricultural banking

What is the bank's approach to retail banking?

• Expanding physical branches

• Focusing on digitalization

• Reducing customer services

• Increasing fees

What is the bank investing heavily in for the future of banking?

• Real estate

• Traditional marketing

• Digitalization

• Physical infrastructure