Gulf Bank wins 1st Place in GCC Localization Award for the 8th consecutive year

Press release
Published September 27th, 2012 - 04:44 GMT

Localization Award from the GCC
Localization Award from the GCC

Gulf Bank announced today that it has been awarded 1st  place for the Localization Award from the GCC Council of Ministers of Labour and Social Affairs for the eighth consecutive year. The award was received at a special event hosted by the GCC Council of Ministers of Labour and Social Affairs, which was held in Riyadh, Saudi Arabia on 25 September 2012.

Mr. Surour Alsamerai, General Manager of Human Resources at Gulf Bank, commented in this regard: “Winning first place in the GCC Localization Award for the 8th consecutive year is a significant achievement for Gulf Bank and an important endorsement of our long-term encouragement and support for the development and training of Kuwaiti nationals. We are very proud that our efforts are once again being recognized by such an internationally respected entity.”

“Our internal strategy for recruiting employees has consistently sought to deliver the highest caliber of candidates and to exceed the targets set for Kuwaitization.  We want Gulf Bank to be known as an organization that is committed to developing and nurturing Kuwaiti talent throughout their careers, as well as a financial institution that provides the best banking products and services in Kuwait.”

“On behalf of the Bank’s Human Resources team and senior management, I would like to thank the GCC Council of Ministers of Labour and Social Affairs for presenting this prestigious award to Gulf Bank once again.  We pride ourselves in setting the benchmark for Kuwaitization in the financial sector and we promise to maintain this dedication in the future.” 

Gulf Bank has already won a number of important industry awards in 2012, including: ‘Best HR Strategy in line with Business’ and ‘Excellence in Training’ awards at the Asia’s Best Employer Brand Awards, ‘Bank of the Year’ award from Arabian Business; ‘Best Employee Development Programme’ award for the second consecutive year, ‘Best Retail Customer Service’, ‘Best SME Startup Package’, Banker of the Year’ (Michel Accad, CEO and Chief General Manager) from Banker Middle East; ‘2011 EUR STP Excellence’ Award from Deutsche Bank, ‘J.P. Morgan Quality Recognition Award’ from JP Morgan, ‘Best Retail Bank’ from Asian Banker, and ‘HR Professional of the Year’ (Surour Alsamerai, General Manager, Human Resources).

Background Information

Gulf Bank

Gulf Bank is one of the leading conventional banks in Kuwait with total assets of KD 6 billion for year ended 31 December 2018. The Bank provides a broad offering of consumer banking, wholesale banking, treasury, and financial services through its large network of 58 branches and more than 200 ATMs in Kuwait.

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