ShareKUWAIT: Al-Ahli Bank of Kuwait (ABK) is pleased to announce that it has been awarded Best Retail Bank 2023 by International Business Magazine. This recognition is a testament to ABK’s exceptional performance and commitment to excellence in delivering a wide range of services and innovative solutions to its valued customers.
The award ceremony took place on Nov 4, 2023 at Atlantis, The Palm in Dubai attended by Mohammed Talib Behbehani, Head of Private Banking, along with a group of ABK employees, where the Bank was recognized for its strong reputation as a stable and trusted banking institution.
“We are honored to receive the Best Retail Bank Award 2023 from International Business Magazine,” said Loai Muqames, CEO-Kuwait at ABK. “This recognition highlights our determination to provide customers with worthwhile financial services and solutions. I would like to emphasize that this is a result of our team’s hard work, who consistently strive to exceed expectations.”
ABK has worked diligently to build a solid reputation through its unwavering dedication to customer satisfaction and the provision of reliable financial solutions. This esteemed recognition is a reflection of the bank’s commitment to upholding the highest standards of integrity and professionalism.
ABK’s comprehensive suite of products and services has played a significant role in securing this accolade. By offering a diverse range of options designed to meet the unique needs of their customers, ABK has positioned itself as a one-stop financial solution provider. The bank has also been recognized for its customer-oriented services, which have been instrumental in cementing its position as a leading retail bank.
ABK has continuously introduced innovative and popular services to enhance convenience and accessibility where the bank’s customer-centric approach has garnered immense appreciation and loyalty from its clientele. Additionally, one of the key factors contributing to ABK’s success is its impressive net interest. ABK’s strategic approach to managing its assets and investments has resulted in a robust and sustainable income stream, demonstrating the Bank’s strong financial performance and stability.
Furthermore, ABK has exhibited growth in market share over the past two years, further solidifying its position as a top retail bank. ABK’s success in expanding its market reach depicts its ability to effectively identify and meet the evolving needs of its customers in a competitive business landscape.
ABK’s commitment to doing so is evident in its numerous enhancements, such as the Alfouz draw account. With the recent increase in the number of draws and prizes, ABK has created even more opportunities for customers to win. The introduction of the new KD 20,000 monthly draw and the exceptional KD 100,000 quarterly draw demonstrates ABK’s endeavor to provide customers with unmatched benefits.
The Alfouz account has already gained strong traction in the market, thanks to its attractive prizes, such as the mega annual draw for a KD 5,000 monthly salary for 10 years and the KD 10,000 weekly prize. With the exciting additions, ABK continues to show appreciation for customer loyalty and create an enticing proposition for individuals to join the Alfouz family.
Muqames concluded by expressing his gratitude to International Business Magazine for recognizing ABK’s efforts and achievements. He said, “The bank remains determined to deliver innovative solutions, maintain strong financial performance, and consistently place customer satisfaction at the forefront.” Since its establishment in 1967, ABK has progressed to become one of the leading Kuwaiti banks in the region that offers a wide array of personal, corporate, and private banking products and services. ABK also provides a broad range of local, regional, and global investment solutions and services through its subsidiary, ABK Capital.
Across the region, the bank offers individuals and corporates the convenience of comprehensive banking and financial services in the Egyptian market through ABK-Egypt’s network of 44 branches. This is in addition to ABK’s three branches located in Dubai, Abu Dhabi, and Dubai International Financial Centre (DIFC) in the United Arab Emirates, servicing both Kuwaiti and Emirati individual and corporate clients. ABK is a strong supporter of Central Bank of Kuwait and Kuwait Banking Association’s ‘Let’s Be Aware’ awareness campaign.
Through its various initiatives, the bank aims to promote financial inclusion by educating Kuwaiti society about customer rights, responsibilities, and the different types of banking and special needs services. Additionally, ABK consistently provides strategic information on how to avoid banking and financial fraud, loan application requirements, digital services, and more.
