WarbaBank

Warba Bank launched a platform for electronic foreign currency trading, to enhance the Bank's business activities, develop its position in the local and international foreign exchange markets, provide the best financial technology services and to achieve its pioneering vision in digital transformation in the Kuwaiti banking sector.

Abdullah Mahmoud Al-Lanqawi, Chief Treasury Officer at Warba Bank, stated that the platform presents a quantum leap in keeping pace with the best standards of global markets in local and foreign transactions, which would enhance the available solutions and provide the best experiences for the Bank's clients. This further elevates the Bank's position and extends its network while also contributing to the growth of its business activities in the field of foreign exchange trading.

Al-Lanqawi explained that the Warba Bank platform for electronic trading of foreign currencies provides the possibility of immediate display of exchange rates, as it enables clients to complete transactions electronically and instantly, thus reducing the risks of volatile foreign exchange markets and ensuring the best currency exchange rates. This platform targets companies and institutions that are consistently active in the FX market. Parties interested in registering to the service may contact the Bank's call center via the number 1825555.

He continued by saying: “We at Warba Bank are proud of this launch, which is an essential step towards banking digitization, which was the fruit of the commendable efforts of various departments of the Bank. We always strive to achieve the best for the banking sector in general and improve solutions for clients in particular”.

Al-Lanqawi added that the platform combines the latest technology and the Bank's experience in the market and allows clients to modify it according to their preferences, as well as benefiting from the most competitive prices and valuable data to help them make their decisions. A team of experts in treasury, trading and structuring supports the clients to help them deal with market changes and hedge fundamental risks.

He pointed out that Warba Bank is constantly looking forward to pioneering banking digitization and always striving to adopt the latest solutions and keep pace with technological development to create added value.

Warba Bank is one of the banks that has achieved great successes in a short period of time, as it occupied a leading position in the field of retail Islamic digital banking services and is one of the largest local banks in the number of its shareholders. This is one of the most important elements that make the Bank close to all members of society, in addition to that, Warba Bank is considered among the 50 largest banks in the Middle East in terms of market value for the year 2023 - Forbes Middle East classification.