NBK implements collective executive development program with INSEAD

KUWAIT: The National Bank of Kuwait (NBK) partnered with one of the leading international business schools, INSEAD, in an intensive training program specifically designed for the bank’s executive management team.

Since the banking industry worldwide is facing significant challenges. Digital disruption and FinTechs challenge existing banking models. Digital has fundamentally changed our lives. Adapting to the ongoing digitization of the economy, and of society in general, is arguably the most challenging transformation every business is currently facing. Due to competition from local and regional players, strategies are reassessed in various parts of the world (GCC, ASEAN, LATAM, EU).

In this turbulent world, there is an imperative need to assess the situation, to identify key-strategic actions, and to further develop senior banking executives in terms of organizational and personal skills related to digital strategy, customer-centric strategies, leadership, strategy execution and management of change.

National Bank of Kuwait - INSEAD program Creating Value in a Fast Changing Banking World has two main objectives. First, a discussion of the fast changing banking world, including digital disruption with identification by NBK senior executives of keystrategic actions to undertake. Second, the further development of senior NBK executives to lead the strategy execution and changes, both in terms of personal and organizational skills.

During the program, Isam J Al-Sager, Group Chief Executive Officer, Shaikha K Al-Bahar, Deputy Group Chief Executive Officer and Salah Y Al-Fulaij, Chief Executive Officer - Kuwait visited the participants. Emad Al-Ablani, said, “This program adds new value in the changing banking industry as it provides essential training led by a prestigious educational institution, INSEAD. The program aims to highlight the challenges facing our industry in a digital transformation era and comes in line with our strategy at NBK to ensure our human capital is well equipped to deliver efficient solutions in our digital transformation journey.”

Ablani added that NBK is proud to provide the best training opportunities for the employees and the executive managers in cooperation with the world’s leading institutions and universities, enabling them to acquire new skills and knowledge at par with their global peers. Ablani also mentioned: “NBK provides a unique environment for training and developing employees to enhance their skills, foster a culture of self-development and recognize their career growth in the long term.”

INSEAD is one of the world’s leading and largest graduate business schools. It offers participants a truly global educational experience with campuses in Europe (France), Asia (Singapore) and Middle East (Abu Dhabi), in addition, more than 11,000 executives participate in INSEAD’s executive education programs each year.