Al Ahli Bank of Kuwait Shares Saving Tips

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Loai Muqames, CEO, ABK Kuwait

Al Ahli Bank of Kuwait (ABK) is proud to announce its continued commitment to raising financial awareness as part of its ongoing contribution to the Central Bank of Kuwait and Kuwait Banking Association’s Let’s Be Aware ‘Diraya’ campaign. The Bank recognizes the crucial role of imparting financial knowledge and has taken proactive measures to instill a culture of saving through informational outreach efforts.

Financial literacy is pivotal in empowering individuals to make informed financial decisions, and savings plays a vital role in achieving financial stability. ABK acknowledges the significance of cultivating a culture of saving and has dedicated communication efforts to disseminate valuable information and tips to promote this endeavor.

Emphasizing the importance of saving and financial literacy, Loai Muqames, CEO-Kuwait at ABK, said, “At ABK, we are committed to equipping our customers with the knowledge and tools they need to make sound financial choices. Saving is a fundamental aspect of financial wellbeing, and we are determined to foster a culture of responsible saving among individuals and communities.”

In this regard, Muqames shared a series of useful tips. He advised to start small, encouraging individuals to begin saving with manageable amounts, gradually increasing their contributions over time. He also advised to set targets, emphasizing the importance of setting specific saving goals, whether for emergencies, education, or long-term investments. Finally, he emphasized the need to budget wisely, encouraging everyone to look into effective budgeting strategies to ensure consistent and sustainable saving habits.

Through its educational initiatives and outreach programs, ABK aims to empower individuals with the knowledge and skills to effectively manage their financial resources. The Bank remains committed to supporting the Let’s Be Aware campaign in line with its corporate social responsibility efforts. Concluding his statement, Muqames said, “ABK looks forward to continue contributing its efforts to foster a financially informed community.”

This news has been read 590 times!

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