NBK staff complete trade finance training program


KUWAIT: In line with its strategy of developing human capital by supporting their career development and ensuring their career development, NBK has concluded a specialized training program on trade finance organized in cooperation with Euromoney, with the aim of developing and improving the skills of the staff of the trade finance department and providing them with adequate expertise in this area.

NBK is keen to support, empower and continuously develop its employees by providing them with the best training programs and workshops to develop their skills in leadership, strategy implementation, change management and innovation, in order to achieve them. help keep pace with the rapid developments underway. in the banking sector.

To this end, the bank engages a selection of reputable banking experts who transfer their knowledge and expertise to these executives, reflecting its deep vision for investing in human capital. In addition, NBK has the highest retention rates of Kuwaiti employees, which reflects the success of its human capital management plans and the appreciation of its human cadres.

On this occasion, NBK organized a graduation ceremony for the interns, attended by Salah Al-Fulaij, CEO of the National Bank of Kuwait – Kuwait, Sulaiman Al-Marzouq, Deputy Managing Director of the National Bank of Kuwait – Kuwait, Emad Al-Ablani, GM – Group Human Resources, as well as other executives of the bank, following all precautionary measures, including social distancing to ensure the safety of all.

The five-week virtual program hosted 15 employees who received intensive training on a variety of topics covering the basics of trade finance, collections, letters of guarantee (LG), letters of credit (LC), trade product structure, LG / LC compliance, as well as other operational aspects of trade finance and technical and professional tools.

The third version of the program aimed to improve interns’ knowledge of international trade, educate them on the instrumental role played by banks in facilitating international trade, in addition to training them on LG / LC compliance issues, familiarize them with the main money laundering mechanisms associated with commerce, and enabling them to identify aspects of LG / LC compliance risk.

The program is accredited by the London Institute of Banking and Finance and meets the standards required for international accreditation as a Certified Documentary Credit Specialist (CDCS) and Certified Specialist in Guarantees on Demand (CSDG).

It is worth mentioning that the National Bank of Kuwait was named “Best Commercial Finance Bank in Kuwait for 2021″ in the annual survey of the Global Trade Review (GTR) magazine specializing in global emerging markets, in addition to receiving ” Best Trade Finance Provider in Kuwait for 2020 ”awarded by renowned international financial magazine Global Finance.

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