National Bank of Kuwait signs memorandum of understanding with American University of Kuwait

The alliance is designed to deliver sustainable social and educational benefits to the community.

As part of the agreement, NBK will be providing a specially tailored comprehensive package of products and services to furnish AUK with full banking services. The package includes tailor-made customer accounts, consumer credit and electronic facilities, and intensive banking training programs for selected University students. The training element will help to produce a new generation of banking professionals in Kuwait.

Sheikha Khaled Al-Bahar, Group General Manager Corporate Banking at NBK, explained the logic behind the move:
"This agreement highlights NBK's strategic support of building the participation of the private sector in the Kuwaiti Economy. Statistics show that almost 55% of the Kuwaiti population is under 20 years of age. As Kuwait's largest and oldest bank, we are delighted to become involved with the education sector in Kuwait with this innovative partnership. NBK has been always, and will always, maintain its leading proactive role as the driving force for all economic sectors."

Shaikha Dana Nasser Sabah Al-Ahmed Al-Sabah, Chairwoman of United Education Company emphasized the importance of this strategic alliance with NBK which is one of the pre-eminent Banking Institutions in Kuwait and the Middle East. Furthermore, she highlighted the value of the services offered by NBK to the AUK community, particularly the banking training opportunities provided to AUK's new generations of students who will be offered a vital learning environment rooted in the liberal arts tradition and will be exposed to the values inherent in NBK- the oldest bank in Kuwait.