KIB awarded ‘Best Bank­ing Vi­sion in Kuwait’ by CPI Fi­nan­cial

Kuwait Times - - BUSINESS -

Kuwait In­ter­na­tional Bank was re­cently awarded “Best Bank­ing Vi­sion in Kuwait” by CPI Fi­nan­cial in the Is­lamic Busi­ness & Fi­nance Awards cat­e­gory, thereby gar­ner­ing one of the lead­ing re­gional awards rec­og­niz­ing bank­ing ex­cel­lence and re­ward­ing pioneers in the field of Is­lamic fi­nance. KIB’s Act­ing Chief Ex­ec­u­tive Of­fi­cer, Mo­hamed Said El Saka, re­ceived the award on be­half of the Bank at the Is­lamic Busi­ness & Fi­nance Awards cer­e­mony held re­cently in Dubai.

El Saka de­scribed this lat­est ac­co­lade as one of the im­por­tant recog­ni­tions re­ceived by KIB in its re­cent his­tory, adding: “This recog­ni­tion serves to high­light KIB’s for­ward-think­ing strat­egy and vi­sion­ary out­look, which have been ex­tremely suc­cess­ful in en­hanc­ing the Bank’s position within the Is­lamic bank­ing sec­tor. The “Best Bank­ing Vi­sion” Award came as a re­sult of a clear growth strat­egy en­com­pass­ing all as­pects of the Bank’s per­for­mance and op­er­a­tions. This in­cludes the in­tro­duc­tion of new prod­ucts and of­fer­ings, en­hanced cus­tomer ser­vice levels, se­nior man­age­ment’s con­tri­bu­tion to demon­strate prof­itabil­ity and sus­tain­abil­ity, as well as a com­mit­ment to CSR ini­tia­tives. Our fo­cused strate­gic ap­proach has trans­lated to im­pres­sive growth rates across all ar­eas. It has also en­abled us to make great strides in our mis­sion to offer our cus­tomers in­no­va­tive, con­tem­po­rary, and mar­ket-lead­ing Is­lamic bank­ing so­lu­tions.”

He fur­ther added: “We at KIB strongly be­lieve that suc­cess­ful bank­ing strate­gies are de­pen­dent on hav­ing a clear and ac­tion­able vi­sion. Our highly ex­pe­ri­enced and knowl­edge­able team, guided by our Board of Di­rec­tors, is uniquely qual­i­fied to carry out our am­bi­tious strat­egy, which fo­cuses on re­al­iz­ing a com­pre­hen­sive trans­for­ma­tion across all sec­tors and seg­ments of the Bank. This lat­est award serves to fuel our drive and mo­ti­vate us to push our­selves even fur­ther to achieve that goal.”

Over the past sev­eral years, KIB has gar­nered nu­mer­ous lo­cal, re­gional and in­ter­na­tional pres­ti­gious awards, serv­ing to af­firm the strength of the Bank’s fi­nan­cial core and the success of its strat­egy. One of the big­gest ac­co­lades was be­ing named “The Best Is­lamic Bank in Kuwait” by World Fi­nance for three con­sec­u­tive years (2014, 2015 and 2016). KIB was also named “Best Shari­aCom­pli­ant Bank in the Mid­dle East” for the year 2015 by Cap­i­tal Fi­nance In­ter­na­tional.

El Saka con­cluded by say­ing: “The guid­ance of our Chair­man, Sheikh Mo­hamed Al-Jar­rah Al Sabah, along with our Board of Di­rec­tors, has been a cru­cial fac­tor in achiev­ing this con­tin­ued success, as well as the timely and proac­tive ac­tions of the Cen­tral Bank of Kuwait. On be­half of the ex­ec­u­tive man­age­ment at KIB, I would like to ex­press my grat­i­tude to ev­ery mem­ber of the team at KIB; their hard work has been a vi­tal ele­ment to­wards helping us re­al­ize our success. My sin­cere thanks also to our cus­tomers for their con­tin­ued trust in us, and we prom­ise them even greater things to come.”

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