Latest news with #Bankee
Kuwait Times
27-05-2025
- Business
- Kuwait Times
NBK celebrates conclusion of Bankee program for 2024/2025 academic year
More than 32,000 students and 7,200 teachers benefited KUWAIT: National Bank of Kuwait held the closing ceremony of "Bankee" program for the 2024/2025 academic year, celebrating the achievements made over the year in several public and private schools in collaboration with the Ministry of Education, the Kuwait Anti-Corruption Authority (Nazaha), and Creative Confidence. The festive ceremony, which was held at the Grand Hyatt Hotel, featured a special honoring of the 630 teachers who trained Bankee students in more than 60 public and private schools in Kuwait during the academic year, in recognition of their pivotal role in achieving the program's goal of increasing financial awareness and literacy among students. During the ceremony, several success stories and achievements of schools participating in the program were showcased, reflecting its positive impact on students and the school community. In its third edition, Bankee saw the participation of more than 60 schools, benefiting more than 32,000 students and 7,200 teachers. On this occasion, Manal Al-Matar, EVP - Head of Group Corporate Communications said: 'We are pleased with the remarkable success achieved by Bankee for the third consecutive year, especially as it effectively contributed to enhancing the students' financial awareness with its distinctive classroom design and instilling core values such as honesty, integrity, responsibility, and cooperation, positively impacting their behavior and as witnessed by parents and teachers.' Al-Matar added: "This remarkable success is the result of our fruitful collaboration with our strategic partners, the Ministry of Education and the Kuwait Anti-Corruption Authority (Nazaha). We strongly believe in the importance of private-government collaborations that aim to provide the youth with the knowledge and skills they need, which are the foundation for the prosperity of individuals and Kuwaiti society." For their exceptional efforts, Al-Matar commended the teachers and emphasized that their unwavering commitment to implementing the program's content in classrooms has contributed to its success. The teachers excelled in guiding the students to set their financial goals, monitoring their progress, and providing the necessary support to ensure the successful implementation of the classroom economy model. Moreover, Al-Matar emphasized NBK's leadership in the field of social responsibility and its long-standing relationship with society. She also noted that the continuous support and supervision of the program's implementation by NBK's executive management is a remarkable indication of its significance, as they have madeseveral visits that were also attended by parents who expressed great pleasure with the positive changes they saw in their children's behavior and financial literacy. Dr Hussein Al-Sabbaghah Maryam Al-Enezi Manal Al-Mutair It should be noted that NBK is deeply committed to society and human resources development, which is the cornerstone of growth and prosperity, particularly in the field of education. More on Bankee program, the Bankee digital platform acts as a virtual bank inside the school, where students receive their financial allocations, such as salaries and bonuses, and pay fines through account deductions. Students also use their accounts to pay their financial obligations, such as rent, water and electricity bills, and make purchases from the Bankee store on school campus, simulating real-life financial transactions. Bankee truly embodies private-government collaborations that build an informed and responsible generation capable of facing financial challenges efficiently and transparently, which is a concept strongly supported and promoted by the bank as part of its social responsibility efforts. NBK will continue to support all national initiatives that enable Kuwaiti youth to contribute to Kuwait's prosperity, as it believes that investing in students from a young age and providing them with educational support as per international standards will build a generation capable of elevating Kuwait's reputation in all fields.
Kuwait Times
22-05-2025
- Business
- Kuwait Times
Shaikha Al-Bahar only Kuwaiti on Fortune's 100 powerful businesswomen in 2025 list
Al-Bahar stands as second-highest ranked executive from Mideast KUWAIT: Shaikha Al-Bahar, Deputy Group Chief Executive Officer of National Bank of Kuwait (NBK), has been recognized as Kuwait's most influential businesswoman and the sole Kuwaiti featured in Fortune Magazine's prestigious 2025 list of the 100 Most Powerful Women in Business. Al-Bahar stands as the second-highest ranked executive from the Middle East region on this coveted list. The list, compiled by Fortune editors, is based on company size and health of the business, as well as an executive's career trajectory, influence, innovation and efforts to make business better. More than 50 women currently lead Fortune 500 companies, yet only 20 made this year's list — a testament to how increasingly competitive the ranking has become. Featured in the 2025 ranking are some of the most influential figures in global business, including Mary Barra, Chair and CEO of General Motors; Julie Sweet, Chair and CEO of Accenture; Jane Fraser, CEO of Citigroup; Lisa Su, Chair and CEO of AMD; and Ana Botín, Executive Chairman of Banco Santander. In her role at NBK, Al-Bahar continues to play a pivotal part in driving the bank's sustained growth and transformation. Her leadership spans critical initiatives including digital innovation, sustainability strategies, and policy development to extend NBK's regional footprint. She has been instrumental in advancing sustainable finance efforts aligned with the global transition towards a low-carbon economy and climate risk mitigation. Driven by her strategic vision, NBK reinforced its position as Kuwait's largest bank and a regional powerhouse with top-tier credit ratings. Building on this momentum, she spearheaded the Group's digital transformation, notably launching 'Weyay,' Kuwait's first fully digital bank tailored to redefine financial engagement for younger generations. Al-Bahar was also a key architect behind NBK's Sustainable Financing Framework, embedding global ESG standards into the bank's operations. Beyond business, Al-Bahar is a strong advocate for social impact. She launched NBK RISE, a transformative initiative aimed at empowering women in leadership roles and led the 'Bankee' Financial Literacy Program in partnership with the Ministry of Education and the Public Authority for Anti-Corruption 'Nazaha.' In the 2024–2025 academic year alone, the program reached more than 32,000 students and 7,200 teachers, marking a significant step forward in advancing financial literacy among Kuwait's youth.
Zawya
01-05-2025
- Business
- Zawya
NBK hosts Bankee participants to simulate the program's application
The program's exceptional content encouraged many schools to join Since its launch, Bankee was able achieve a remarkable behavioral shift for the students National Bank of Kuwait hosted several schools participating in Bankee to explore and simulate the practical application of the program that comes in collaboration with the Ministry of Education, Kuwait Anti-Corruption Authority «Nazaha», and Creative Confidence. NBK's executive management attended the event as part of its commitment to track the progress of Bankee and the extent to which schools are benefiting from the program, as well as measure its effect upon the students and teachers. The event consisted of four main pavilions simulating classrooms and student-interaction methods, in addition to a corner specifically designed for the store where students are taught the fundamentals of spending, as well as a corner for interactive activities about earning and spending money, and finally a corner for donations to endorse the culture of aiding others and paying back to society. The schools that participated in the event were Al-Fadhl Ibn Al-Abbas Elementary School for boys, Lulwa Mulla Saleh Al-Rabi'a Elementary School for girls, Um Al-Munthir Elementary School for girls, and Al-Sulaibikhat Elementary School for girls. Bankee is the largest and first program in Kuwait, which is offered by NBK in collaboration with the Ministry of Education and Kuwait Anti-Corruption Authority «Nazaha». It aims to teach students core economic concepts and behaviors such as earning, spending, saving, and financial commitments, and instill core values such as honesty, integrity, personal development, accountability, and teamwork. The program also aspires to raise a generation that understands the importance of financial independence and stability and has the financial knowledge and skills to help achieve sustainable development and economic welfare for individuals and society. The event witnessed remarkable interaction between the students and teachers about how the program operates in schools and the way students deal with its rich content, which raises their financial awareness. From their part, the Bankee teachers expressed their appreciation for NBK's efforts to support education and instill positive concepts in future generations, highlighting that Bankee has remarkably contributed to enhancing the financial literacy, skills and behaviors of the students. Moreover, this event echoes NBK's commitment to follow up with the program and trace its positive influence on the students' behaviors by supplementing them with the necessary skills needed in managing their financials, in addition to the noticeable progress in their financial knowledge after applying the program in their schools.' As part of its commitment to enriching the «Bankee» content, NBK has launched accounts on different social media platforms, such as Instagram, TikTok, and YouTube to enable all participants to access valuable content, activities, and events from schools around the year. Additionally, the program's website has been launched in both Arabic and English, and the admission for the academic year 2025-2026 is now open. The executive management's follow-up visits to the schools further highlight the program's significance. Many parents attended these visits, in which they expressed their pleasure with the positive influence they noticed in their children's financial knowledge and behaviors. The National Bank of Kuwait believes in the importance of initiatives between the private and government sectors, as they provide the youth with the needed and necessary knowledge and skills to achieve prosperity and well-being for Kuwaiti individuals and society.
Arab Times
18-02-2025
- Business
- Arab Times
NBK Sponsors Sheikhan Al-Farsi School Walkathon
KUWAIT CITY, Feb 18: Demonstrating its commitment to supporting initiatives that promote awareness of physical activity and healthy values within the community, National Bank of Kuwait (NBK) took part in the walkathon organized by Sheikhan Al-Farsi School. Through its participation in this walkathon, NBK aims to support schools involved in the Bankee program across various domains, including sports, education, and other impactful areas. The initiative underscores the significance of the Bankee program and its crucial role in promoting financial literacy among students, while introducing them to fundamental economic concepts and practices. As part of fostering essential financial practices such as earning, spending, responsibility, and financial obligations, the students used Bankee's virtual currency, Bankoz, to purchase tickets for their parents. This initiative enabled parents to take part in the walkathon, further enhancing the practical application of financial skills in everyday life. The walkathon featured a variety of recreational and cultural events, attracting a large number of students and parents. Participants emphasized the significance of such initiatives in raising awareness about the importance of public health and physical activity. The event not only encouraged students to adopt a healthy lifestyle but also fostered the spirit of cooperation and reinforced positive values within the community. NBK supports events like this that reflect his commitment to social responsibility across all segments of society. We continuously strive to strengthen our role as an active partner in initiatives that contribute to the development of various sectors, including education, health, and sports.' NBK remains committed to fostering productive cooperation with all state institutions to drive social development and enhance human resources, which are the cornerstone of growth and prosperity. This is particularly true in the field of education, where the bank is dedicated to providing comprehensive support for its advancement. Participating parents expressed their gratitude for the crucial role played by NBK in supporting education and instilling positive values in the younger generations. They highlighted how the Bankee program has significantly enhanced their children's skills and behaviors, particularly in managing financial matters. They also noted the remarkable improvement in their children's financial literacy following the program's implementation in their schools. NBK is committed to the importance of initiatives led by the private sector in collaboration with government entities, aiming to equip young people with the essential knowledge and skills. These initiatives are vital for the well-being and prosperity of both Kuwaiti individuals and society as a whole. The Bank was awarded the Bronze Award by Qorus in the Environmental, Social, and Corporate Governance (ESG) category for Bankee Program. This recognition highlights NBK's commitment to incorporating sustainability and ESG standards into its operations and initiatives.
