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Banking and Capital Markets

Kuwait Banking Evening Reception

Held during the IMF & World Bank Annual Meetings

Washington DC |

Overview

Kuwait Banking Association in partnership with The Banker magazine and FT Live Events, will be hosting the Kuwait Banking Evening Reception during the 2017 IMF & World Bank Annual Meetings in Washington DC.

This evening reception will bring together senior bankers, investors, policy makers and delegates of the IMF, World Bank and IIF Annual Meetings, for a 2 hour networking reception. This event presents guests with an opportunity to meet regional and international decision makers to hear about the latest developments in both Kuwait and wider region.

Spaces are limited so please register now to avoid disappointment.

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fallback Add to my Calendar 10/13/2017 00:00:0010/13/2017 00:00:00falseKuwait Banking Evening ReceptionKuwait Banking Association in partnership with The Banker magazine and FT Live Events, will be hosting the Kuwait Banking Evening Reception during the 2017 IMF & World Bank Annual Meetings in Washington DC.This evening reception will bring together senior bankers, investors, policy makers and delegates of the IMF, World Bank and IIF Annual Meetings, for a 2 hour networking reception. This event presents guests with an opportunity to meet regional and international decision makers to hear about the latest developments in both Kuwait and wider region.Spaces are limited so please register now to avoid disappointment.Kuwait-Banking-Evening-Reception59f30d36022bd8cdd733a568d15b1a24MM/DD/YYYY

Delegate Profile

This evening reception will provide attendees with an insight into the opportunities offered by the prospering Kuwait economy.

Attendance would be particularly useful for senior banking and finance professionals including:

  • Central Bank Governors
  • Finance Ministers
  • Chief Executive Officers
  • Chief Financial Officers
  • Chief Investment Officers
  • Chief Operating Officers

This annual event always proves very popular so please register now to confirm your attendance.

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Presented By (1)

The Banker provides economic and financial intelligence for the world's financial sector and has built a reputation for objective and incisive reporting. It leads the debate on all the issues surrounding the global banking industry, providing in-depth news and analysis, exclusive interviews with senior industry figures and definitive regional bank listings, including the internationally acclaimed Top 1000 World Banks.

In Partnership with (1)

The Kuwait Banking Association (KBA) was declared on May 16, 2001 based on Ministerial Resolution No. 82 for the year 2001, to replace the Kuwait Banking Committee established on December 12, 1981, pursuant to an agreement among the Chairmen of local banks, to strengthen their cooperation, facilitate coordination in addressing their common issues, enable them to keep abreast with developments in banking systems, and raise their employees standards.  

Member Banks (11)

NBK was established in 1952 as the first local bank and the first shareholding company in Kuwait and the Gulf region. Over the years, NBK has remained the leading financial institution in Kuwait and has successfully extended its well-established franchise throughout the Middle East. NBK currently operates through a large international network covering the world’s leading financial and business centers across 15 countries.

NBK has long been recognized for its excellent and stable management team and its clear and focused strategy. NBK’s strength rests on its consistent profitability, high asset quality, and strong capitalization. NBK offers a full spectrum of innovative and unrivalled financial and investment services and solutions for individuals, corporate and institutional clients. NBK currently enjoys a dominant market share with a large and ever expanding local and regional client base.

NBK has consistently been awarded the highest ratings among regional banks by the major international ratings agencies; Moody’s, Standard and Poor’s and Fitch Ratings, and has continuously ranked among the list of the world’s 50 safest banks.

Gulf Bank - Kuwait is a premier bank in Kuwait with a broad offering of consumer banking, wholesale banking, treasury, and financial services. Gulf Bank (GBK) was listed on the Kuwait Stock Exchange (KSE) in 1984. The Bank has large network of 56 branches, with total assets of KD 5,467 million for year ended 31 December 2016.

Gulf Bank is currently ranked ‘A’ by the three leading international credit rating agencies. Prior to 2015, Gulf Bank was rated A+ by Fitch Ratings. In June 2015, the Bank received a rating upgrade from Standard & Poor's to ‘A-‘ from "BBB+". In November 2015, the Bank received a rating upgrade from Moody's to ‘A3’ from "Baa1".

Gulf Bank has been recognized with numerous awards from respected international publications, spread over different sectors of its work.

Gulf Bank is strongly committed to giving back to Kuwait and society through its corporate social responsibility program that focuses on youth, education, health and fitness, helping the underprivileged, women's empowerment, as well as promoting Kuwait's heritage and culture. In 2017, Gulf Bank set a Guinness World RecordsTM achievement for its Al Danah account prize of KD One Million which was named the ‘largest prize linked to a bank account’ in the world.

Al Ahli Bank of Kuwait (ABK) was established in 1967 and serves retail and commercial customers in Egypt, Kuwait and the United Arab Emirates. It operates 31 branches in Kuwait while in UAE, it has branches in Abu Dhabi and Dubai. Through its acquisition of Piraeus Bank in Egypt, ABK also operates 39 full service branches across Egypt.

ABK developed strategic alliances such as the cobranding of credit cards with Emirates Airlines, allowing cardholders to earn and redeem Skywards Miles for Emirates flights.

ABK’s subsidiaries, The Al Ahli Kuwaiti Fund and the Gulf Fund offer clients a range of top-performing mutual funds.

ABK received numerous awards in 2016, including being listed as one of the 50 safest banks in the Middle East by Global Finance, Best Bank Transformation by Euromoney, ‘Deal of the Year’ by The Banker- an FT Affiliate, Best Commercial Bank by Banker ME, Best Retail Bank by Asian Banker, Best Employer by Naseba, & a number of other awards across Divisions.

Having grown into one of the most respected Banks in the region, and enjoying a strong credit agency rating of A2 from Moody’s and A+ from Fitch,  ABK is well set for the future.

Ahli United Bank prides itself of the prestigious standing it has built among local banks, not only for having been the first bank ever inaugurated in Kuwait and the first building block in the edifice of the banking industry in Kuwait, but also for having the potential to position itself in the lead for over 76 years.

2002 marks the beginning of a new era of the bank’s successes particularly after AUB Group – with its remarkable reputation and international presence in the banking industry – has become a major shareholder in the bank.

AUBK’s conversion to a Shari’ah–compliant bank on April 1, 2010 was the landmark event and historic turning point in the bank’s history. Today AUBK has been able to position itself in the forefront of Islamic banking in the region.

AUBK provides Corporate Banking, Retail Banking, Private and Wealth Management and Treasury Services to a wide range of customers through an extensive branch network in Kuwait. 

Kuwait International Bank (KIB) is a bank that operates according to the Islamic Shari’ah, based in the State of Kuwait. Incorporated in 1973, and originally known as Kuwait Real Estate Bank, KIB made the transition to its current Islamic operating model in 2007.

Today, KIB is a full service bank operating through a network of 28 branches spread across the State of Kuwait, and offering a broad range of banking products, services and solutions in accordance with the principles of the Islamic Shari’ah. The Bank’s mission and vision also encompasses a leading social responsibility program that aims at supporting every member of Kuwait’s society by spearheading a multitude of initiatives and activities.

In 2015, KIB embarked on a comprehensive strategic plan, aimed at improving the Bank’s performance indicators, as well as enhancing the quality of its products and services. The three-pronged strategy focuses on propelling the Bank to the forefront of the Kuwaiti banking sector and setting it on a solid path to becoming the “Islamic Bank of Choice” in the market. 

Established in 1973 with the initiative of Government of Kuwait, The Industrial Bank of Kuwait is a specialized bank dedicated to supporting industry in Kuwait. The Bank provides medium and long term financing for the establishment, expansion and modernization of industrial units in the country. It also offers full range of commercial banking and treasury products to meet the working capital needs of its industrial customers, alongside participating in developing a long –term strategy for industrial growth in Kuwait by identifying those sectors and activities .In Addition, IBK initiates industrial projects and investments in a promising sector to provide financing whether in the form of equity, medium or long – term credits for new projects, or the expansion of existing ones by Providing  all kids of financing services to Kuwaiti Industrialists by obtaining  new technologies to Kuwait and identify foreign partners with the necessary expertise.

The Bank was established with a share capital KD 10 Million, which was subsequently increased to KD 20 Million, fully paid in June 1981.

Established in 1977, Burgan Bank is the youngest commercial Bank and second largest by assets in Kuwait, with a significant focus on the corporate and financial institutions sectors, as well as having a growing retail, and private bank customer base. Burgan Bank has majority owned subsidiaries in the MENAT region supported by one of the largest regional branch networks.

The Bank has continuously improved its performance over the years through an expanded revenue structure, diversified funding sources, and a strong capital base. The adoption of state-of-the-art services and technology has positioned it as a trendsetter in the domestic market and within the MENA region. Burgan Bank’s brand has been created on a foundation of real values – of trust, commitment, excellence and progression, to remind us of the high standards to which we aspire. ‘People come first’ is the foundation on which its products and services are developed.

The bank was re-certified with the prestigious ISO 9001:2008, making it the first bank in the GCC, and the only bank in Kuwait to receive such accreditation for the third consecutive year. The Bank also has to its credit the distinction of being the only Bank in Kuwait to have won the JP Morgan Chase Quality Recognition Award for twelve consecutive years.

Burgan Bank, a subsidiary of KIPCO (Kuwait Projects Company), is a strongly positioned regional Bank in the MENA region.

Global Integrated Banking Operations

Leading the Islamic finance industry, KFH Group offers a wide range of Islamic products and services across several regions in Kuwait, Kingdom of Saudi Arabia, Kingdom of Bahrain, Republic of Turkey, Kingdom of Malaysia and the Federal Republic of Germany, with over 480 branches, more than 990 ATMs and approximately 9,000 employees.

Kuwait Finance House (KFH) was the first Islamic bank established in Kuwait in 1977. Today, KFH is one of the leading Islamic banking institutions in the world, and one of the biggest financiers in both the local and regional markets.

KFH (KSE: KFIN) is a publically listed company on the Kuwait Stock Exchange (KSE). The largest shareholders are Kuwait Investment Authority (Direct), Kuwait Awqaf Public Foundation (Direct), Public Authority for Minors’ Affairs (Direct), and The Public Institution for Social Security (Indirect). 

Established in 2004, Boubyan Bank is an Islamic bank working in accordance with the Islamic Shari’a and applying the correct Islamic teachings in all its transactions with investors’ and clients’ finances, be they individuals or companies. Boubyan Bank is working hard to spread an integrated Islamic banking culture among its clients and staff by being the Islamic role model that we all seek.

Establishment

Boubyan Bank was the first Islamic bank in Kuwait established according to law number 33/2003. Boubyan Islamic Bank was established under the name of Boubyan Bank in 2004 according to the Emiri decree number 88 to practice all banking, financial and commercial activities in accordance with the Islamic Shari’a. Its capital upon establishment was 100 million Kuwaiti Dinars.

Warba Bank was established in February 17th, 2010 by virtue of the Amiri Decree No. 289/2009, and was officially enrolled in the Central Bank of Kuwait’s Register of Islamic Banks on April 7th, 2010. The State of Kuwait, represented by Kuwait Investment Authority (KIA), owns 24% of the Bank’s total shares, while the remaining 76% shares, fully subscribed by the government, and has been equally allocated to all Kuwaiti nationals. Warba Bank’s overarching objective is to be a world-class Bank, especially in terms of Islamic banking. It offers full-fledged and integrated range of banking & investment services in compliance with the principles of the Islamic Sharia. Warba seeks to grow and expand by means of introducing innovative banking products and unique services, thereby gaining the confidence of customers from various walks of life.

Venue

Fairmont Hotel
2401 M Street, NW
Washington DC 20037

United States of America

Tel: +1 (202) 429-2400
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Accommodation

To view hotels in the area please click here

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Contact Us

Niamh Meehan
Delegate Booking and Registration Enquiries
Financial Times
Marianne Ford
Media Partner and Press Enquiries
Financial Times
Luke McGreevy
Head of Commercial - Middle East and Africa
Financial Times
Shaikha Al-Essa
Assistant Manager
Kuwait Banking Association

Interested in hosting an event?

If you would like to discuss organizing a similar event please contact:

Luke McGreevy

Head of Commercial - Middle East and Africa

+971(0)4 3914398
luke.mcgreevy@ft.com

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