WarbaBank

Warba Bank praised the great role of the Kuwait Banking Association in supporting links between local banks, strengthening cooperation between them and coordinating their activities, and discussing common issues of the members in order to find solutions to the problems facing them, including coordination with government regulatory authorities and the legislative authority.

Warba Bank stressed that the Kuwait Banking Association played an important role in unifying banking visions and demands and following up on the sector's affairs, especially since it is one of the oldest experiences in the region.

In this regard, Vice Chairman at Warba Bank, Mr. Bader Al-Shalfan, said that the Kuwait Banking Association has succeeded, since its inception, in supporting and developing banking performance in Kuwait, and in supporting links between banks operating in the local market and between regional and international banks.

He pointed out that the Kuwait Banking Association plays an important and vital role in the Kuwaiti economy, especially in light of the challenges it faces due to the exceptional circumstances the country and the world is going through, adding that, due to the rapid developments during the past years, the role of the Association has gained more importance in light of qualitative dialogues with government institutions to reach a unified vision on issues of concern to the banking sector, in addition to contributing with the competent authorities in drafting financial and economic laws.

From his side, Chief Executive Officer of Warba Bank, Mr. Shaheen Al-Ghanem, stressed that the Kuwait Banking Association scored the best qualitative developments, especially in terms of keeping pace with developments in the global banking industry.

Al-Ghanem pointed out that the Kuwait Banking Association became a key interlocutor for the regulatory authorities, as well as for other professional associations and governmental institutions, as it devotes its efforts to the banking sector’s regulatory and legislative priorities, as well as to interacting with economic and financial issues, in addition to the Association’s contribution to implementing banking visions in the post-global financial crisis phase, which was proactive in ensuring the creation of a system of supervisory instructions and modern regulatory mechanisms that keep pace with calculating risks in safer and more effective ways.

Warba Bank succeeded, shortly after its founding, in establishing its position in the banking sector, and occupied a leading position in the field of Islamic digital banking services for individuals, and is considered the most local bank with the number of shareholders base from members of society, which makes it close to them by providing the best banking services..Warba managed to meet the aspirations of the Kuwaiti society and deservedly earned their trust in a short period.