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Warba Bank named Best New Bank in the Middle East for 2014

June 4, 2014 3:04 pm

Warba Bank has been named, according to Banker Middle East Magazine, the “best new bank in the Middle East” from among a number of newly established banks in the Middle east. The award was presented at the annual gala dinner organized by Banker Middle East to honor more than 200 financial institutions across 55 categories in the banking sector in the Middle East.

Banker Middle East awards honor the best performance of financial institutions across the MENA region. Final winners were selected by a jury panel of independent industry think-tank.

Warba Bank is always keen to enhance the level of customer service, and cater to customers’ financing and investment needs by introducing a number of Sharia compliant banking products and services.

Commenting on this event, Jassar Al Jassar, Vice Chairman & CEO at Warba Bank, said: “We are very proud of winning this prestigious award. Actually, the award is added to our previous achievements, and reflects Warba’s growing businesses and focus on developing and expanding its customers base, satisfying customers’ banking needs, and seizing the new opportunities of growth in terms of corporate and retail financing, while satisfying customers and shareholders. This wouldn’t be achievable without God’s support, then the hard work of our Board of Directors, and employees, as well as the support of our customers.”

Al Jassar continued: “The bank is striving to bolster its position as an Islamic Bank through expanding its branches network to reach a total of seven branches spread across all areas of Kuwait, to bring our services closer to our customers. Further, new branches will be launched in the near future. In addition, we seek to attract a wider segment of customers, and enhance the role and effectiveness of the Call Centre by means of upgrading its systems and training its personnel to be able to deal with customers more professionally and provide them with a unique service.”

Al Jassar added: “We continue to make every effort to improve this promising institution through adopting the highest standards of efficiency across all banking transactions. We also look to expand our customer base and seize new opportunities to develop both corporate and retail financing sectors with a view to support our local economy. At the same time, we aim to enhance our relationship with our corporate and retail customers, providing them innovative Sharia compliant banking solutions, while working closely with owners of large, medium and small scale companies and institutions with a view to help them achieve their goals and to be familiar with all their commercial and banking needs. Indeed, we commit ourselves to helping them and ensuring their success. Consequently, the volume of our financing portfolio showed a growth of 120%, reaching KD 273 million as at the end of the first Quarter of the year 2014 compared to the same period of 2013.”

Al Jassar concluded: “Warba Bank is committed to supporting Kuwaitization and makes tangible contributions to the process of developing and training Kuwaiti professionals. The Bank exceeded the Kuwaitization percentage of 60 per cent, and achieved a Kuwaitization percentage of 80 per cent in specific divisions such as corporate and retail financing divisions.”

For media information, please contact:
Nadin Al Alami / Mariam Janjelo
ASDA’A Burson Marstellar
Tel: 00965 22901571