NBK to attend Kuwait’s first forum on ‘professional and practical ethics’

Kuwait Banking Association to host forum KBA, KFAS and APPE in strategic partnership

KUWAIT: The National Bank of Kuwait (NBK) will participate in the “Kuwait First Forum for Professional and Practical Ethics”, which will be held under the patronage of Minister of Commerce and Industry and Acting Minister of State for Youth Affairs Khalid Al-Rawdan, on December 4th, at Salwa Al-Sabah Hall, entitled: “Practical and Professional Ethics: Prospects and Challenges.” The organization of this forum comes in line with the strategic partnership between Kuwait Banking Association (KBA), Kuwait Foundation for the Advancement of Sciences (KFAS) and the Association for Practical and Professional Ethics (APPE).

The forum will focus on four key aspects: the role of the state in practical and professional ethics and their impact on the development process, successful management and the role of business owners in enhancing the commitment to practical and professional ethics, drivers to commitment of professional ethics and their impact on professional performance, and methods and mechanisms to enhance compliance to practical and professional ethics and future challenges.

Emad Al-Ablani, NBK Group General Manager - Human Resources, will participate in the forum’s second session which will be chaired by the Economic Advisor at AlDiwan Al-Amiri, Dr. Yousef Al-Ibrahim, entitled “Successful Management and the Role of Business Owners in Enhancing Compliance of Practical and Professional Ethics.” This theme includes 4 key topics, where Al-Ablani will address the second topic about the commitment to practical and professional ethics in the banking environment and its impact on the success of the Kuwaiti banking sector.

The session will also include the following topics: the impact of the commitment to professional ethics on organizations’ competitive conditions, the charters of professional ethics in the Arab banking sectors, and the impact of practical and professional ethics in attracting and developing family businesses investments, as well as the commitment to practical and professional ethics.

Al-Ablani will address in his speech NBK’s pioneering experience in applying the highest international standards and codes related to the ethics of the banking profession and its commitment to raising awareness and professional culture among its employees, especially the newly hired personnel, through its continuous delivery of training and awareness programs. Al-Ablani will also discuss the importance of having confidence, credibility and professional ethics among banking professionals, since the lack of investors’ confidence in the banking system may cause the market to lose its credibility and attractiveness. Al-Ablani will also highlight the importance of instilling a culture of positive banking behavior within the sector’s participants, urging them to protect customers’ rights and spreading awareness and banking culture among them, so that clients would fully understand the consequences of every step taken and clearly know their rights and obligations.

NBK continues to maintain its leading position among Kuwaiti private sector organizations in applying the highest professional and ethical standards among its employees by spreading a banking culture based on positive conduct and equipping them with tools to gain customers’ confidence, while adhering to the professional rules and standards set by regulators both locally in Kuwait and internationally in all the other countries where it operates.