IBS honors graduates of KGDP Group 8
KUWAIT CITY, July 7: Under the patronage of the Governor of the Central Bank of Kuwait and Chairman of the Board of Directors of the Institute of Banking Studies, Dr. Mohammad AlHashel, the Director-General of the Institute of Banking Studies, Prof. Dr. Yaqoub Alrefaei, honored the graduates of the Kuwaiti Graduates Development Program (KGDP) Group 8, which was held from March 24, 2019 until August 31, 2020, during which there was a break due to the Covid-19 pandemic. The program is part of the “Kafaa” initiative, launched by the Central Bank of Kuwait in cooperation with Kuwaiti banks and the management of the Institute of Banking Studies, which aims to enhance the banking sector’s contribution to developing the capabilities of newly graduated Kuwaitis and qualify them to work in the banking sector.
The annual organization of this program is facilitated by the continuous cooperation between the Central Bank of Kuwait and Kuwaiti banks within the framework of the social responsibility of the banking sector, and by building national cadres and competencies capable of supporting the development process in the State of Kuwait. It is implemented under the supervision and management of the Institute of Banking Studies with the support of the local Kuwaiti banks participating in it. A group of new Kuwaiti graduates are selected and employed in banks, who train and qualify them to work in this important sector. They are trained for a full year before receiving their work duties, and this training includes several aspects and different applications, namely: theoretical and practical as well as field training, which provides participants with the opportunity to gain practical and professional experience, in preparation for their involvement in the field of banking, to be able to carry out the tasks entrusted to them with high efficiently.
Distinguished
In a speech delivered by Professor Alrefaei congratulating the participants on their graduation, and in the presence of those responsible for implementing the program from the Institute of Banking Studies, Professor Alrefaei urged the participants to benefit from the experiences they gained during their training on this distinguished program, and to make every effort to achieve the desired benefits from their training in their field of work. The program is one of the best options for recent graduates wishing to work in the banking and financial sector, as it includes a variety of training and specialized materials in the banking and financial field, as they have acquired a high level of skill and knowledge in this field.
The certificate of this program is accredited by The London Institute of Banking & Finance (LIBF), which is one of the oldest international institutions in the field of banking and financial services, and this professional accreditation is not granted until after verifying that the entity that will obtain it follows the latest professional training techniques and methods.
One of the most important features of this program is that the Central Bank of Kuwait, in cooperation with local banks, appoints the trainees who have been selected in those banks and then works on enrolling them for a full year at the Institute of Banking Studies to receive intensive and vital training, which includes training in lecture halls with the aim of developing their basic skills and specialization in banking.
They are trained on the use of electronic training, which is provided in cooperation with the most prestigious companies specialized in this field. The training in this program also includes field training in local Kuwaiti banks, with the aim of obtaining practical experience and linking theoretical aspects with practical reality. After that, the field training phase begins outside the State of Kuwait, where participants are dispatched to many developed countries in the field of banking to be trained on the latest state-of-the-art technology in the banking and financial sector, with the aim of identifying external banking practices and gaining international experience.
Professor Alrefaei also thanked His Excellency the Governor of the Central Bank of Kuwait, the Chairman of the Board of Directors of the Institute of Banking Studies, His Excellency Dr. Mohammad Yousef Al-Hashel, and the members of the Board of Directors of the Institute for their support of this program, as well as the directors of human resources in the participating banks, for their efforts and follow-up to achieve the success of its convening each year.