Burgan Bank exceeds Kuwaitization requirements in 2023, reaching 83%
KUWAIT: Building on its institutional belief and realizing its vision for community development, Burgan Bank announced recording an impressive 83 percent Kuwaitization rate among its workforce – surpassing the minimum regulatory requirements by 13 percent - and marking one of the highest rates in Kuwait and across the banking sector.
Naqeeb Amin.
In adherence to the nationwide Kuwaitization strategy, this accomplishment cements Burgan’s commitment to its human capital investment strategy and its efforts towards the development of local aspiring talents within the banking and financial sector, ensuring that Burgan remains a top employer of choice in the market.
Believing in the unique potential that every talent holds, the Bank continues to emphasize the development of young Kuwaiti talents who are driven by ambition and creativity, which echoes the Bank’s strategy for serving a top-notch banking experience to its customers and amplifying positive change across society. Burgan’s investment in local professionals of a variety of experience levels also aligns with its adherence to Environmental, Social, and Governance (ESG) industry standards and practices, which guide the Bank towards holistically sustainable business success and growth.
Commenting on this impressive achievement, Naqeeb Amin, General Manager – Human Resources and Development for the Group at Burgan Bank, said: “On behalf of Burgan’s management, I would like to express my utter pride in the great Kuwaitization feat that we have collectively achieved in 2023. As we strive towards our vision of becoming the most modern and progressive bank in Kuwait, driven by our employees, customers, and community, we remain relentless in our search for the market’s top Kuwaiti talents - whether they are undergraduates, seasoned professionals or experienced managers - who hold the key to a brighter future for Burgan Bank and the local economy.”
In 2023, female employees accounted for 48 percent of the workforce at Burgan Bank. Moreover, 95 percent of all new hires during the year were Kuwaitis. In addition to the dedication to recruiting Kuwait’s brightest professionals, Burgan’s Human Resources and Development (HRD) Department sought to ensure that all employees continued to grow and hone their personal and professional skills, setting them up for a great and prosperous future. In the same year, the Bank dedicated 94 percent of all training hours to the development of all Kuwaiti talents.
To ensure the highest levels of involvement in and benefit from the learning and development resources, Burgan Bank made sure to offer its employees different educational channels that suit their different learning styles and preferences, which further bolstered learning ownership and motivation among the different departments and job grades. In addition, it ensured that staff are up to date on all vital information about financial and banking transactions, as well as customer and bank rights, ensuring that every employee is an ambassador of financial literacy and a successful representative of the “Let’s Be Aware” (Diraya) banking awareness campaign.
