Executive Steps to Development
The Kafa’a initiative and its strategic programs aim to enhance and achieve the vision of the Central Bank of Kuwait and Kuwaiti banks in their endeavor to develop and qualify the national cadres in the Kuwaiti financial and banking sector.
Considering the framework of the Central Bank of Kuwait interest in adopting this initiative, the cooperation of Kuwaiti banks and the Institute of Banking Studies, which constitutes an important pillar in the banking field that is signified by their investment in the national cadres and raising their efficiency to lead the process of development and achieve stability and growth in the banking sector.
The Industrial Bank of Kuwait has been keen on training and developing the capabilities of its workers from the national cadres. Starting with recent graduates in various disciplines, through cooperation with the Central Bank of Kuwait, the Kuwait Fund for Arab Economic Development, the Institute of Banking Studies and other parties in this field, as the proportion of the national manpower is equivalent to (75.43%) of the bank’s total employees by the end of 2019.
On the other hand, in accordance with our belief in achieving Kuwait’s future vision in the field of developing and supporting Kuwaiti youth, the bank continued to support Kuwait’s youth by providing the necessary funding for their small enterprises. A number of projects (224) were funded during the year 2019, bringing the number of accumulated projects to 1928. We wish this initiative all success and profit, and may God Almighty grant us success and all that is in the best interests and service of our dear country.