By Majd Othman

KUWAIT: Kuwait Banking Association (KBA) held on Tuesday a ceremony on the occasion of 40th anniversary of the establishment of the Association in the presence of the Governor of Central Bank of Kuwait, Chairmen of boards of directors of Kuwaiti banks, CEOs and banking leaders of local banks.

On this occasion, Chairman of the Board of Directors of the Kuwait Banking Association, Sheikh Ahmed Duaij Al-Sabah praised the exemplary role that was played by the association during the past forty years, through which the association contributed in adopting many decisions supporting the role of the banking sector in the country.

Sheikh Ahmed Duaij Al-Sabah

In a press statement, Al-Duaij added that the past forty years witnessed a growth in the role of the Association as it continues its path forward by focusing on the gains it achieved on the ground. "This is a focal point and a real starting point for implementing its future strategies," the statement said, stressing that these strategies took into account the large and successive changes that the banking sector is witnessing now locally, regionally and globally.

He indicated that the Banking Association did not hesitate to discuss current issues and express the visions of the banking sector. The association has been proactive in presenting future visions and proposals on many important issues, "not only that concerns and affects the work of the banking sector, but also of economic issues in general and those that contribute to improving the business environment in the country."

Stressing that the Association is keen to follow up the issues of the banking sector on a daily basis, he said it included those issues related to various segments of the society, be it individuals, companies or government sectors.

KUWAIT: Chairmen of boards of directors of Kuwaiti banks, CEOs and banking leaders during the celebration.

"The Association devotes its efforts to the priorities of the banking sector and seeks to find appropriate solutions to the problems it faces, including coordination with government regulators and the legislative authority. In addition it holds interactive sessions with various entities on economic and financial issues that are presented to the association. These efforts have been taken by the Association in order to achieve the development of the banking sector and realize the goals of stability and economic growth within the framework of the state's plans and economic and monetary policies," he added.

Al-Duaij Al-Sabah concluded his statement stating that the Association has made great efforts to shed light on the banking sector and its pioneering role in achieving economic aspirations through its various media platforms, foremost among them is the Banks Magazine, which was and still is the voice of the bankers in the financial and economic sector within Kuwait and abroad. He also mentioned the great role which is being played by the social media in creating awareness about the banking sector among the public.