New CEO of Kuwait's NBK backs bank's regional strategy | Reuters:
"The new chief executive of National Bank of Kuwait has endorsed its strategies of regional expansion and developing an Islamic finance business in his first public comments since he took over at the country's biggest bank.
Isam al-Sager took over as CEO on Sunday from Ibrahim Dabdoub, who ran NBK for three decades and helped transform it from a local lender into the Gulf's fifth largest bank by assets.
"Our regional and international strategy remains on track," Sager said in a statement after a general assembly meeting at the bank.
"We are focusing our efforts on (Gulf Cooperation Council) countries to leverage NBK's strong franchise there and to benefit from the strong economic outlook and the growth opportunities available.""
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