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Warba Bank announced the launch of a new business banking division that provides customized products and services to enable entrepreneurs and small and medium-sized companies to reach their goals through the latest solutions in business banking services.
Hamad Tayseer Al Mutawa – Executive Manager, Head of the Business Banking Department, said that the Business Banking Department was designed specifically to provide business banking solutions, and offers a variety of exceptional features that allow many banking transactions to be managed smoothly and easily with a wide range of easy-to-use banking services available around the clock.
Al-Mutawa explained that the new division is a current account that the client can open in all major currencies and includes multiple cards with distinct functions and a bill payment link. It also includes point-of-sale machines, payment gateway, electronic application and online banking services. It provides a check book request and has a CDM machine for cash deposits for anyone who wants to make a combined cash deposit through an integrated digital service.
Al-Mutawa stated that the purpose of this is to enable companies to achieve their ambitions and create unique value in banking services and beyond, to provide opportunities for companies and to provide the best experience to its clients outside the borders of banking services.
Al-Mutawa added that what always distinguishes the Bank is the continuous interest in innovation based on a realistic understanding of customer needs, great interest in their ambitions, and maintaining transparency in the relationship with clients based on mutual trust and respect, with an aspiration for excellence and uniqueness through leadership in creating the simplest and most appropriate solutions for clients.
He further said that the Bank always seeks to provide the highest levels of service to its clients, whether individuals or companies, especially emerging companies, based on the strategy of facilitating all financial and banking transactions for them and providing them with the highest standards of security, ease and convenience.
Al-Mutawa noted that the management of Warba Bank decided from the beginning to focus on the small and medium enterprises sector as it has become one of the influential sectors in the Kuwaiti economy and a fundamental supporter of development and diversification of sources of income. This is what the Bank’s senior management decided on the need to support their projects, diversify their opportunities towards more innovation and creativity, stimulate their growth opportunities, and help them launch projects in various sectors and fields.
Al-Mutawa concluded his statement saying that “Warba” follows a long-term strategy for sustainable growth and continuous support for its clients who own small and medium enterprises through partnerships and joint cooperation agreements with many companies that provide logistical and technical support, especially those specializing in various electronic and digital commerce, which confirms the economic and social role of the Bank.
Warba Bank offers its new commercial cards, which were designed taking into account the needs of companies, enabling companies, businesses, and small and medium enterprises to manage their expenses and payments with comfort, in addition to managing money in general. This will provide better visibility and greater efficiency in making purchasing decisions and general expenses, starting from meeting daily expenses, paying money to suppliers and utility bills, and managing travel expenses, to carrying out government and commercial transactions.
Erdem Çakar, Country Manager of MasterCard for Kuwait and Qatar, said: “We are excited to cooperate with Warba Bank in their efforts to develop financial management for companies in Kuwait in line with Warba Bank’s innovative plan to empower entrepreneurs and small and medium-sized companies, in addition to the launch of MasterCard commercial cards, and the potential possibility to contribute positively to the local business community and contribute to the overall Kuwaiti economy.”
He added: "These cards will enable companies, businesses and small and medium enterprises to manage their expenses effectively, and increase visibility and efficiency in their financial operations. We look forward to seeing this initiative empower the local business community and have a positive impact on the economy."
Warba Bank is one of the banks that has achieved great successes in a short period, as it occupied a leadership position in the field of Islamic digital banking services for individuals, and it is one of the largest local banks in the number of shareholders, and these are among the most prominent components that make the Bank close to all members of society.
