role bank plays in supporting national economy: El Saka

24/05/2017 05:42 AST

Kuwait International Bank (KIB) was recently awarded “Best Change Management — Kuwait” by The Banker Middle East; an organization specializing in financial news and analysis of banks and companies across the Middle East and beyond. KIB’s Acting Chief Executive Officer, Mohamed Said El Saka, received the award on behalf of the Bank at the Banker Middle East Industry Awards 2017 ceremony, which was recently held in Dubai.

KIB received this recognition as a result of the significant improvements in the Bank’s products and services, both in terms of quality and diversity; as the Bank has continued to record strong growth across performance indicators. KIB’s consistent solid performance has led to it offering some of the highest returns in the market for its deposits and savings products. The Bank has also witnessed enhanced customer service levels; as it has successfully implemented key improvements to its online banking services.

El Saka described this latest award as an important achievement for the Bank, adding: “Given the factors considered for this award, the fact that KIB was bestowed with “Best Change Management — Kuwait” Award serves to highlight the exemplary efforts exerted by KIB’s staff, its executive management team, and guidance from the Board of Directors. It is also a testament to KIB’s stable and sustainable growth in all areas, as the Bank continues to implement a clear and focused approach that has reflected positively on its performance and enabled it to successfully achieve its strategic objectives.”

El Saka further added that this prestigious award reaffirms the important role KIB plays in supporting the national economy, and the overall effectiveness of its business strategy. He also noted that the innovative digital services that the Bank continues to offer its customers are one more crucial component that greatly contributed to its sustainably strong performance.

El Saka concluded by extending his appreciation for the Board of Directors, the Fatwa & Sharia Board, the Executive Management, as well as KIB’s employees and customers for their support; and expressed his gratitude towards the Central Bank of Kuwait for its continuous guidance.

This accolade is the latest in a long string of international and regional awards garnered by KIB over the past couple of years, demonstrating KIB’s strong financial position and the successful implementation of its strategy, as the Bank moves towards achieving its long-term goal of becoming the “Islamic Bank of Choice in Kuwait”.


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