Gov­er­nor says govt ef­forts in­te­gral to pro­tect bank­ing

Kuwait Times - - LOCAL -

Gov­er­nor of the Cen­tral Bank of Kuwait (CBK) Dr Mo­ham­mad Al-Hashel un­der­scored yes­ter­day the gov­ern­ment’s role in de­vel­op­ing the nation’s bank­ing sec­tor. In a state­ment to the press af­ter meet­ing with the heads of lo­cal banks, Hashel noted that the meet­ing is part of the bank­ing sec­tor’s ef­forts to con­tinue stock­pil­ing achieve­ments and en­hance its re­silience to cope with eco­nomic chal­lenges. More­over, he spoke of CBK’s ef­forts to ex­pand its fi­nan­cial and in­spec­tive prow­ess in or­der to pre­serve sta­bil­ity, adding that banks have to em­brace the lat­est tech­nolo­gies to bet­ter serve so­ci­ety. On fi­nan­cial co­op­er­a­tion, Hashel added that banks have to work to­gether to pro­tect the needs of their clien­tele and to en­sure per­sis­tent growth. The CBK Gov­er­nor also urged lo­cal banks to in­tro­duce more mea­sures that aim to max­i­mize ef­fi­ciency and skill through spe­cial­ized train­ing pro­grams. Hashel also spoke of CBK’s open-door pol­icy, where it seeks to fa­cil­i­tate in­ter­ac­tion with other banks to dis­cuss is­sues of mu­tual con­cern, which will prove ben­e­fi­cial to the bank­ing sec­tor and the na­tional econ­omy. —KUNA

Dr Mo­ham­mad Al-Hashel

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