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Global Finance Awards 2018

Including the Middle East’s “Best Islamic Digital Bank Award”

Boubyan Bank Receives 3 Awards from Global Finance 

Once again, Boubyan Bank reiterates its excellence and its ahead-of-the-curve position in digital banking in Kuwait and the Middle East by receiving 3 awards from Global Finance.

The Bank was named the Best Islamic Digital Bank in the Middle East, the Best Islamic Digital Bank in Kuwait and the Best Innovative Digital Bank.

The awards were received by Boubyan Bank’s Deputy CEO,          Mr. Abdulla Al-Tuwaijri, in a special ceremony held for this occasion in Dubai in the presence of many GCC, Arab and international bankers.

Mr. Al-Tuwaijri commented: “The number of awards awarded to Boubyan this year speaks for the growth we have achieved as a bank. We have been named the Best Islamic Digital Bank in Kuwait for the fourth year in a row, and while the organizing committee introduced a new category for the same award for the Middle East as a whole, we have also been named the “Best” in this category in addition to receiving the innovation award which was introduced for the first time, too.” 

“The most significant aspect of this award is that it comes from an international institution which is renowned for its fairness and credibility, and this crowns our efforts over the past years where the bank invested in IT and digital banking services.”, Mr. Al-Tuwaijri added. 

He went on to add that Boubyan Bank was one of the few banks in the region which satisfied the conditions for the award, and that Boubyan Bank’s experience over the past years met all the criteria set by Global Finance. 

**Why is Boubyan Bank among the best locally and regionally?

In its report about the selection criteria set by a panel of international judges, Global Finance referred to such criteria as:

-      Strength of strategy set by the bank for attracting and servicing digital customers.

-      Success in getting clients to use digital offerings

-      Growth of digital customers who use digital banking services through their various channels, especially smart phones.

-      Innovation and creativity in providing outstanding banking and non-banking services via electronic channels. 

**Digital Customer Base

Furthermore, Mr. Al-Tuwaijri added: “The past years witnessed an unprecedented increase in the number of Boubyan Bank customers who use our digital banking solutions whether online or through the services provided by Boubyan Bank App on smartphones.

“This has been linked with the huge growth in the number of our customers and, accordingly, the number of banking transactions completed through all our channels has multiplied over the past years compared with the moderate growth rates for other banks. This is considered another challenge coupled with the other challenges faced by the bank.”, Mr. Al-Tuwaijri added.

He went on to add that the executive management was well aware of such challenges and that was the reason why they decided to invest heavily in the various banking channels in order to keep up with the developments witnessed by both the services and products.

He also stated that Boubyan’s leadership in the banking industry over the past years was achieved through offering many banking services and products for the first time in Kuwait where the phrase “for the first time in Kuwait” became a synonym of the digital achievements made by Boubyan Bank.