Warba Bank highlights achievements, solid values during staff gathering

KUWAIT: Warba Bank has recently organized a staff gathering in the presence of Jassar Dakheel Al-Jassar, the Vice Chairman and Chief Executive Officer, the members of the top management and the Bank’s employees. During the event, the management highlighted the achievements added to the Bank’s record this year as well as the aspirations for next stage in parallel with the Bank’s Strategy Plan for the upcoming years. The Strategy Plan aims at determining the priorities and requirements of the current and next stages while taking into account the strength, weaknesses, opportunities and threats (SWOT) to Warba Bank and its current market presence in such severe competition with other Banks. This event is an opportunity for communication between the Bank’s executive management and employees. The event is also a continuation of the Bank’s approach for encouraging, honoring and providing full support to excellent staff for their unique efforts.

Achievements and successes

On this occasion, Jassar said: “2015 is very distinctive in terms of achievements and successes accomplished thanks first to Allah then to the support and guidance of the board of directors, the executive management team and the efficiency of our employees. This success is embodied in market expansion and conversion to profitability due to the significant growth in the business size and high performance efficiency. Additionally within a short period, Warba Bank has been able to hold prestigious position and firmly build up its image as a modern Islamic Bank marked by service quality and variety of innovative products that take into consideration the highest quality standards and modern technology.”

Jassar also added: “Warba Bank will continue honoring, awarding and promoting its excellent employees and fostering their developments for achieving the target goals and availing from their experiences for future trends being the corner stone of the Bank’s structure. The Bank has graduated a new group of trainees who passed a program on banking business skills. Warba Bank will continue enhancing the required ratio of national labor and creating opportunities for energetic calibers that have new and innovative ideas.”

First credit rating

Jassar added: “These successes have contributed to Warba Bank recently receiving its first credit rating by one of the leading international rating agencies that is Moody’s Investor Service which assigned a rating of Baa2/Prim-2 for deposits in local and foreign currencies with a stable outlook.

Moreover; Warba Bank has received ‘The Fastest Growing Bank in Kuwait for 2015’ Award from Banker Middle East in recognition of the growth achieved and the distinctive results reflected in the Bank’s financial statements and key performance indicators. It is worth mentioning that Warba Bank won the ‘Best New Bank in the Middle East for 2014’ and the ‘Best Call Center for 2014’ award from the same magazine.

Members of the executive management, each in terms of his respective area, highlighted the key achievements and transactions made during the current year including the awards added to the Bank’s record. The event contained entertainment programs within warm and friendly atmosphere among audience where many surprises were made and staff enjoyed competitions on general information winning valuable prizes. The event ended up with a draw on a set of grand prizes then the attendees were invited to dinner.