Kuwait Banking Association

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Kuwait Banking Association

Arab Banking Associations & Unions
  • Chairman: Mr. Adel Abdulwahab Al Majed
  • Deputy Chairman: Sheikh. Ahmed Duaij Al Sabah
  • Secretary General: Dr. Hamad Al Hasawi
  • Country: Kuwait
  • Establishment Date: 16/05/2001
  • Headquarters Address: 24th Floor, Al Tijariya Tower, Al-Soor Street, Sharq – Kuwait
  • P.O. Box: 21141 Safat 13072 Kuwait
  • Tel.: (+965)-22208090
  • Fax: (+965)-22208099
  • Website: www.kba.com.kw
  • E-mail: [email protected]
  • Membership in the UAB: Observer Member
Kuwait
Objectives & Functions
Progressing relationships and channels of cooperation amongst the Association members, and coordinating their activities to their collective interests, all within the framework of the State’s plans and economic and monetary policies.
Pursuing the common issues relating to various business activities of the Association members, and endeavoring to reach appropriate solutions for the problems they face, including coordination with government regulatory bodies and legislative branch.
Coordination with relevant regulatory authorities towards developing the local banking sector and achieving the objectives of economic growth and stability, and relaying to relevant regulatory authorities the proposals of the Association members in this regard.
Progressing the professional, cultural and social levels of the employees of the Association members.
Supporting and developing banking performance in the State of Kuwait, ensuring the meeting requirements of national economy and the reinforcement of the country’s monetary and financial systems.
Contributions towards social activities in Kuwait.
Coordinating relationships amongst banks operating in the local market, and between them and the regional and global banks, ensuring the interests of the Association member banks.
Coordination and cooperation amongst member banks in various media channels, for the purpose of furthering the interests of the local banking sector, highlighting its contribution to the national economy and stressing its role in social development.