Witness the remarkable ascent of Boubyan Bank as it secures the top spot and solidifies its position at the zenith of the financial industry, heralding a new era of unrivaled success. Boubyan Bank, a Kuwait-based Islamic bank, has been awarded the title of “World’s Best Islamic Retail Bank” for 2023 by Global Finance. This recognition underscores the bank’s continued commitment to enhancing its banking services and asserts its leadership domestically and on the international stage.
Mr. Abdullah Al-Mejhem, Chief of Private and Consumer Banking at Boubyan Bank, voiced pride in this prestigious international accolade that reflects the bank’s constant push towards innovation, particularly in the realm of digital services. He stated that the award is not simply fortuitous, but a testament to years of diligent efforts and the relentless pursuit of customer-centric products and services.
“We always strive to deliver inventive and personalized solutions that meet our customers’ requirements. This stems from our dedication to forging extraordinary partnerships and robust, long-term relationships based on mutual trust,” Al-Mejhem remarked.
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The bank’s robust expansion plans over the years have prioritized digital transformation as a key element, laying the groundwork for substantial growth in the Islamic banking sector. Al-Mejhem elaborated, “We have successfully introduced a suite of both digital and traditional banking solutions that fulfill the expectations and needs of a large customer segment.”
Boubyan Bank has been instrumental in shaping the digital transformation landscape within the Islamic banking sector, setting the stage for a promising future in the region amidst tough competition. Recent years have seen a remarkable surge in the number of Boubyan Bank customers using digital banking solutions, resulting in significant growth in the customer base and the volume of transactions conducted through all channels.
The Global Finance Awards hold a particular prestige due to the impartiality of the awarding institution and its rigorous selection criteria. The accolade reinforces Boubyan Bank’s global standing.
This year also marked the unveiling of Boubyan Bank’s new brand identity, “Imagine the possibilities,” in line with the bank’s past successes and future ambitions. The rebranding was initiated to resonate with the bank’s growth trajectory while expressing its ambition to build strong customer relationships.
Furthermore, Boubyan Bank introduced its new Premium Account, aimed at providing affluent customers with unique services and products both within and outside of Kuwait.
In 2023, Boubyan Bank inaugurated several new branches, including Al-Daiyea Branch, Al Khiran Outlet Mall Branch, and Abu Fatera Branch, bringing the total number of branches across Kuwait to 48. This geographic expansion strategy aligns with the bank’s mission to offer state-of-the-art banking services and solutions, ensuring its continued leadership in the evolving Islamic banking sector. Embrace the unparalleled excellence and unwavering commitment to innovation that has propelled Boubyan Bank and it secures the top spot, setting a remarkable precedent for the future of the banking world.
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