With Warba Bank's continuous and developing endeavor to enhance its position, Management efforts have resulted in proceeding to the leadership position locally crowned by the Bank harvesting two prestigious awards at Kuwait level from the "Global Banking & Finance Review" for the second year in a row.
The two “Warba” awards have special banking significance, one being the fastest growing bank in the corporate sector award in Kuwait 2020, and the second is the best Islamic digital bank award 2020 for its performance during the past year.
This signifies a qualitative leap on the road to the future aspired by Warba’s officials. This also affirms the Banks ability to adapt to challenges and utilize them in serving Warba’s leap to leadership.
The two prizes are the culmination of the Bank’s extensive efforts over the past years, whether in terms of strengthening the Bank’s business infrastructure at levels that have brought Warba to the leadership forefront locally, or for the rapid transformation towards the state of the art digital banking through several digital initiatives.
The significance of Warba Bank winning these two awards is based on criteria that include: the robust strategy that attracts and serves digital customers, the success in making customers use digital offers and products, the growth in the number of digital customers, the expansion of the range of special products in the Corporate Banking Group, and the demonstrations of material benefits brought bythe digital initiatives launched by the Bank, in addition to the design of the website or application and the method of using Them. Also, Global Banking & Finance Review selects the winners based on the evaluation of a high-level Committee specialized in the field of financial consulting and digital technology.
On this occasion, Mr. Shaheen Hamad Al-Ghanim, Warba Bank's CEO , said: “We are pleased that the Bank has received these two awards from a prestigious international independent institution, which reflects the ability of Warba employees to elevate its banking position by trying to provide its excellent digital banking services, stressing that the bank has become a champion in the Kuwaiti market in terms of the fastest growing in the corporate banking sector, and by offering more than one first of its kind digital banking service and product in Kuwait.
He added: "These two awards translate the amount of investment we are making in innovative digital technologies, they also reflect our strategic focus in improving the customer experience".
He emphasized that digital banking services have a prominent role in supporting our customers especially with the repercussions of the "Covid-19" Corona virus crisis on direct transactions." He continued, "We are committed to offering more modern digital innovations and that several Many award giving institutions have always praised Warba Bank's mobile application.
He explained that in addition to the daily banking services Warba provides, the application has an easy-to-use platform and a series of offers, benefits and products that are the first of their kind in the market enhancing customer experience.
He added that, thanks to Allah and the efforts of the bank’s employees, “Warba” managed to gain customers confidence in the corporate sector and became their first choice to obtain financing in various fields, or to get distinctive banking services provided by the bank in addition to the speed of completion of transactions. As a result, Warba has succeeded in leading the corporate finance sector.
Al Ghanem stressed that winning the two prizes comes in appreciation for the dedicated work and the distinguished and continuous efforts made by Warba Bank employees, and an incentive for them to continue providing innovative digital banking products and services to both corporate and retail, indicating that, by Allah’s will, we are continuing to improve the services of the Islamic banking sector by keeping pace with the ongoing changes and providing innovative banking services and products.
He explained that over the past years, Warba Bank has accelerated the pace of the digital transformation program and has taken important steps towards achieving long-term goals, which are to prepare for the next generation of more advanced digital services in order to ensure the maintaining its leading position in the Kuwaiti market.
Al Ghanem stated that the Bank seeks to continue achieving growth, success and progress in the field of innovation, development, and banking technology and realizing rapid growth in profits by providing the best services and products in compliance with the provisions of the Islamic Sharia, and the most suitable to customers in terms of flexibility in dealing while taking into account market variables and its continuous requirements.
Al Ghanim concluded his statement that recent years have witnessed a significant increase in the base of Warba Bank’s customers who use digital banking solutions, either through the Bank’s website or through Warba application services.
He added that this has been linked to the great growth in the number of customers. Thus, the number of the banking operations performed using all channels has doubled in recent years compared to the moderate growth rates of other banks, which is yet another additional challenge faced the Bank.
The “Global Banking & Finance Review” institution is one of the leading media organizations in the financial sector that evaluates and monitors the performance of various institutions in this sector. It also manages awards for finance, banking and digital business in addition to publishing a number of the most important financial magazines in the world, including “Global” Banking & Finance Review » magazine.
