NBK sponsors ‘Donate for their education’ initiative
KUWAIT: In line with National Bank of Kuwait’s commitment towards community development and its deep-rooted beliefs that education is a human basic right, NBK extended its sponsorship for the fifth consecutive year to Kuwait Red Crescent Society’s (KRCS) program ‘Donate for their education’ to assist children of low-income and vulnerable families. The program aims to provide education opportunities to 5,000 students through covering their school tuition fees for the upcoming academic year 2019/2020. Sponsoring this program is in line with NBK’s Corporate Social Responsibility (CSR) initiatives, a cornerstone to the bank’s strategy to promote sustainability and as part of the strategic partnership between NBK and KRCS over the years.
“NBK’s sponsorship of ‘Donate for their education’ program for the fifth consecutive year is in line with our CSR framework guiding our efforts towards promoting the education sector. Investing in education is of the utmost importance as it is considered the solid foundations on which the country’s development is built on,” Isam Al-Sager, NBK CEO said. “We are committed to developing our society and we believe that education paves the way to a promising future in Kuwait,” he added.
Sager highlighted that NBK is keen on increasing the number of students benefiting from the campaign which successfully managed to cover the tuition fees for about 5,000 students last year. Such efforts contribute to social stability for families in need and also provide opportunities to create an educated and knowledgeable generation.
“We are committed to supporting various humanitarian and charitable initiatives as we always strive to helping those in need as part of our responsibilities towards the community, in line with our aim to set the foundations of sustainable development in line with the strategic development vision “Kuwait 2035,” Sager added.
Sager stressed that educational development and youth empowerment are two of the
main pillars of NBK’s strategy to promote sustainability. Over the past three years, NBK has consistently increased its contributions and managed to successfully reinforce its position as a global sustainability leader, culminating in its inclusion in the world’s leading FTSE4Good index.
Meanwhile, Dr Hilal Al Sayer, Chairman of KRCS said: “We are delighted to have such a strategic partnership with NBK and highly value its contribution to this humanitarian project, which aims at providing the necessary support to the children in need.”
“A donation campaign to support education is an excellent developmental project. Through such indicatives, we are able to provide education for children who come from families in need. That highly contributes to reducing illiteracy and assists in developing and preparing those children for the labor market, thus equipping them with the necessary tools to support their families and eradicate poverty, along with its negative impact on the society,” Dr Sayer added.
‘Donate for their education’ program is part of KRCS’ contributions in partnership with NBK which goes back to 2015. The project successfully covered the school tuitions for 500 students in its first year, 2,565 students in its second year, 4,275 students in the third year and 5,000 students in its fourth year. NBK maintains its leadership position as the best bank in maintaining CSR practices among regional banks and private sector institutions. NBK has an unwavering commitment to contribute to humanitarian organizations and social initiatives that support a wide range of objectives, especially KRCS which is a leading humanitarian organization with wide impact at both local and international levels.