WarbaBank

Warba Bank won the “Most Sustainable Bank in Kuwait 2023” award as part of the International Business Magazine Awards, confirming its commitment to environmental, social and corporate governance (ESG) practices throughout the year, and the Bank’s interest in enhancing the sustainability approach, establishing and strengthening lasting relationships with all its stakeholders, and the Bank’s impact from the environmental, social and economic aspects and provide transparency about its contribution to sustainable development.

Commenting on Warba Bank receiving this award, Ayman Salem Al-Mutairi, Director Marketing and Corporate Communications at Warba Bank, said that this achievement confirms the role played by Warba Bank - as a leading national financial institution, an Islamic bank, and a signatory to the United Nations Global Compact - in meeting... sustainability standards, and working to achieve the well-being of society, through its various practices, partnerships, and activities, which start from the smallest department in the Bank, through its employees, to extend to the largest circles that include its clients, and Kuwaiti society, including the Kuwaiti economy, to the environment in general and to align its goals in the field of corporate social responsibility with the United Nations Sustainable Development Goals and the Kuwaiti National Development Plan, as well as other issues such as climate change, reducing carbon emissions resulting from economic activities, and financial inclusion.

Al-Mutairi added that sustainability comes from the core of our principles and operating model at Warba Bank, and as an Islamic bank, sustainable operations are an integral part of our strategy, as our core values stem from maintaining the highest level of ethical standards in all transactions, and following the best environmental, social and corporate governance practices.

He stated that we at Warba Bank aim to be at the forefront through our sustainable performance and we look forward to enhancing this practice in the future and maintaining transparency in communication with stakeholders by disclosing our performance of non-financial indicators and our role and impact on environmental, social, and corporate governance sustainability indicators.

Al-Mutairi pointed out that one of the most important foundations of sustainability is social responsibility, indicating that Warba has achieved distinction and leadership in its various aspects: environment, health, youth, students, sports, support for people with special needs, volunteer work, humanitarian efforts, support for youth projects, and others. This resulted in our strategic partnership with the Kuwait School and High Education Sports Federation and our sponsorship of the 2023 School League, which comes within the Warba Bank’s interest to develop sports and youth activities and encourage the maintenance of a healthy lifestyle for school students at all educational levels.

He continued, saying: “This strategic partnership aims to support community development efforts and contribute to preparing successive generations to contribute to the renaissance and advancement of Kuwait, which is considered one of the fundamental pillars firmly established in Warba Bank’s strategy.” The Bank’s sponsorship of the School League also highlights its permanent commitment to supporting young talents, enhancing the development opportunities available to them, providing them with the knowledge, skills and abilities necessary for success in academic and professional life, instilling the values of success and leadership, and developing personal skills and skills for success in academic and practical life.

Note that the International Business Magazine Award is a prestigious award under the supervision of financial and economic experts, which mainly aims to pay attention and evaluate the achievements of financial institutions, banks, global leaders and corporate sectors - from all over the world that fall into the commercial and financial categories.

Warba Bank is one of the banks that has achieved great successes in a short period, as it occupied a leading 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, in addition 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.