Ajman Bank raises bar on Emiratization
- United Arab Emirates: Wednesday, February 29 - 2012 at 13:59
- PRESS RELEASE
Ajman Bank, an award-winning Islamic financial services institution committed to transforming the experience of Islamic banking, announced that it has achieved a 35% Emiratization ratio at the end of December 2011, recording one of the highest Emiratization rates across the UAE banking sector for 2011.
This has been mainly translated through the Bank's special focus on the implementation of its ambitious Emiratization Program "Sawahed Wataniya" aimed at recruiting and developing UAE Nationals. The program is mainly built around three major pillars: Recruitment, Career Development, and Retainment policies, providing a combination of academic and on-the-job training to equip new recruits with the necessary skills required for them to become the future managers and leaders of the Bank.
Mohamed Amiri, Ajman Bank's Acting CEO, commented, "Ajman Bank remains committed to supporting and promoting Emiratization. Our objective is not only to meet Emiratization requirements but also to offer career advancement opportunities to qualified and talented UAE Nationals in various junior, senior, and top executive positions."
The Bank recently participated in Sharjah's National Career Exhibition and will also be participating in the Career Exhibition in Dubai next week with an aim to further increase its Emiratization level.
Safiya Al Matroushi, Ajman Bank's VP - Head of Human Resources, a UAE National, commented, "Ajman Bank aims to utilize the presence of candidates and graduates from leading universities in the UAE who attend the Career Fair in Sharjah and offer them employment opportunities in order to attract the largest pool of talented UAE national job seekers."
In 2011, Ajman Bank launched its Mahra Ladies Banking Division and opened four new branches, namely in Ajman (Masfoot and China Mall), Dubai (Jumeirah), and Al Ain (Al Ain Mall). The Bank is also planning to launch its Affluent Banking services in 2012.
In a challenging financial environment, Ajman Bank maintained earnings momentum recording net profit growth of 75% for the year ended 31 December 2011.
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