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‘KIB’ receives Best Islamic Bank award Honor a token of our success: Al-Jarrah

KUWAIT CITY, March 1: Kuwait International Bank “KIB” added a new achievement and honor to its track record after receiving Best Islamic Bank 2014 Award from WF, the specialized and most reputed financial magazine in the London Stock Exchange.

Achievements
“We feel very much pleased and take pride that our achievements over the 2 past years namely; receiving the Golden Medal Award of merit 2013 from Tatweej Academy for Excellence and Quality in the Arab Region and the upgraded credit rating from A- to A+ from Fitch due to our robust capitalization, liquidity profile and strong capital ratios. This is no mean achievement given the turbulent times and the unstable situation in region “, said KIB Chairman, Sheikh Mohammad Al-Jarrah Al-Sabah on this occasion.
 

Al-Jarrah added, “KIB’s successive achievements, honor and awards are a clear recognition of its distinction and excellence. It is an obvious sign of customers trust, loyalty and confidence. This trust is the main source of KIB’s innovation and vision to develop our business, maximize our profits, and maintain our competency and leading position as an ideal model to be followed. Another indication is the financial results that KIB achieved in 2012, where its operational profits exceeded KD 21 million and it maintained stable growth throughout 2013 where its operational profits were in excess of KD 32 million.
 

Al-Jarrah confirmed that KIB’s success, excellence and refined reputation is based majorly on three factors, firstly; strong and prudent leadership, secondly; investment in technology and adoption of advanced IT systems. A third factor that has also contributed to KIB’s success is the investment made in enhancing the skill sets of its staff. KIB has appointed distinguished professionals with high caliber from Kuwait and outside and conducts periodic training programs that are aimed at enhancing their performance, improving their scope of knowledge and skills in all fields to ensure best quality banking services with international standards.

Emphasized
In conclusion, Sheikh Al-Jarrah emphasized KIB’s determination to present develop and innovative Islamic banking products, widen its business scope by opening new branches to meet the needs of an increasing customer base, focus on both small and medium businesses and construction and Contracting sector and support their banking needs, and the continuous development of its online presence, be it the bank’s website or social media and electronic services. He asserted that the secret to maintaining the forefront position lies in continued innovation with trust and ease.

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