NBK launches specialized training program ‘School of Trade Finance’

Program being held virtually in cooperation with Euromoney

KUWAIT: National Bank of Kuwait (NBK) launched its 3rd version of the specialized training program titled “School of Trade Finance” for its employees, in cooperation with Euromoney. The program is aimed to develop and enhance the skills of the Trade Finance Department staff and to provide them with adequate experience in this field.

The welcoming ceremony was attended by NBK’s executives - led by Salah Al-Fulaij, CEO of NBK Kuwait, Sulaiman Al-Marzouq, Deputy CEO of NBK Kuwait, Emad Al-Ablani, GM - Group Human Resources, and Pradeep Handa, GM- Foreign Corporate, Oil and Trade Finance Group, as well as accompanied by others.

In line with all precautionary measures, the ceremony was organized accordingly, whilst making sure social distancing is followed, to maintain everyone’s safety. The program, which will be held both virtually and at NBK’s training facility, will host a total of 15 employees from the Trade Finance Department - both from Kuwait and overseas branches (Singapore and Bahrain). Over a period of five weeks, participants will undergo intensive training on several topics covering the basics of trade finance, collections, letters of guarantee (LGs), letters of credit (LCs), trade products structure, LG/LC compliance, as well as other operational aspects of trade finance involving both technical and professional tools.

On this occasion, Emad Al-Ablani, GM - Group Human Resources, said: “This training program introduced in cooperation with Euromoney, embodies the bank’s strategy to develop its human cadres, being the key asset of all leading institutions, by providing the best training programs.”

The program reflects NBK’s strategy focused on key aspects including a professional plan for the career development path of the bank’s cadres, in cooperation with the most prestigious international universities and institutions, which contributes to creating qualified banking leaders and providing them with adequate experience, Al-Ablani added. NBK’s training initiatives reflect its profound vision regarding investing in human capital, and, to this end, the bank provides a group of the most reputable banking experts to transfer their expertise to those in training. This exemplifies the bank’s firm policy in performing its social responsibilities, through its strong belief in the powerful impact of these programs that serve both society and people, whilst exhibiting the leading role the bank plays in this field throughout long decades.

NBK is keen to continuously support and qualify its employees by providing specialized training programs designed according to methodological and scientific standards. To this end, the bank engages a group of reputable banking experts to develop, prepare and transfer all their knowledge and expertise to these cadres. It is worth mentioning that NBK was named “Best Trade Finance Bank in Kuwait for 2021” in the annual survey of Global Trade Review (GTR) magazine specialized in global emerging markets as well as named “Best Trade Finance Provider in Kuwait for 2020” from the reputable international finance magazine Global Finance.