KIB recognized as ‘Best Bank in Financial Literacy Program MENA’ by CFI.co

Kuwait, 20 April 2024: Kuwait International Bank (KIB) is pleased to announce that it has been recognized as the "Best Bank in Financial Literacy Program – MENA 2023" by the prestigious Capital Finance International (CFI.co) magazine awards. This win highlights KIB's unwavering commitment to promoting financial literacy and empowering individuals to make informed financial decisions.

KIB was selected as the award recipient following a decision by the CFI.co judging panel. The evaluation decision was based on the Bank’s multiple initiatives and efforts to spread financial literacy, including organizing information sessions at high-traffic venues to engage directly with the public, advocating for the benefits of conscientious savings and investment practices, promoting cyber safety and fraud prevention, presenting products to suit personal circumstances and aspirations, highlighting customers’ financial rights and responsibilities, and participating in major industry conferences. The judges stated that while KIB remained on an impressive growth trajectory, its educational outreach activities deserved special attention at the annual awards.

Expressing gratitude for the recognition, Fahad Al-Sarhan, Senior Manager - External Communication, Marketing and Corporate Communication, said: “We are honored to be chosen for CFI.co’s Best Bank in Financial Literacy Program in the Middle East and North Africa region. Winning this award is a testament to KIB’s dedication to providing educational resources and initiatives that empower its customers and the wider community. Motivated by the belief that financial literacy is a key factor in a country's economic stability and growth potential, over the years, the Bank has been launching a series of initiatives and programs that strive to equip individuals with the knowledge and tools necessary to make informed financial decisions.”

Al-Sarhan extended his appreciation to the Central Bank of Kuwait and all regulatory authorities for their ongoing support and distinct regulatory role in the banking sector. He also thanked the Chairman, members of the Board of Directors, the Executive Management, and all of KIB's employees for their efforts and contributions to the success of the Bank. Furthermore, he highlighted KIB’s constant support of the “Let’s Be Aware” (Diraya) financial awareness campaign, which was launched by the Central Bank of Kuwait (CBK) and the Kuwait Banking Association (KBA) in cooperation with local banks. 

Concluding his remarks, Al-Sarhan asserted: “KIB continues its unwavering dedication to making a meaningful and lasting impact on the financial well-being of individuals and families throughout the MENA region. The Bank remains committed to furthering financial education and empowerment to help its customers achieve their financial goals.”

It serves to note that CFI.co is considered one of the most prominent media platforms in London that specialize in covering business, economy, and finance news, while its awards program stands as one of the largest international forums to evaluate and honor individuals and institutions that have contributed to providing the highest standards of innovation and excellence in the economic and financial sector worldwide.