Kuwait, 11 April 2023: As a diamond sponsor of the Union of Arab Banks (UAB) annual events, Kuwait International Bank (KIB) sponsored the Sustainability and Sustainable Finance Forum, which was held at Park Regency Hotel in Sharm El Sheikh, Egypt. The Banks’ sponsorship comes as part of its vast efforts to enhance its role in supporting the transition towards banking sustainability. 

Nawaf Najia, Executive Manager of the Corporate Communications Unit (CCU) at KIB, said: “As an Islamic bank whose key areas of focus are financial inclusion and sustainable finance, we are delighted to offer our sponsorship and take part in the Sustainability and Sustainable Finance Forum alongside a distinguished group of experts from the Arab region and from specialized international institutions. KIB is a true believer in the need to facilitate the exchange of ideas and review the best practices and global initiatives related to sustainable financing.” Najia added: “KIB understands the importance of sustainability and sustainable financing in supporting financial and banking stability. The Bank is also aware of the great need to capture sustainable finance opportunities and to help promote sustainable financing mechanisms in banks.” 
The forum, which was held under the auspices of Hassan Abdalla, Governor of the Central Bank of Egypt, discussed the mechanisms for enhancing banking sustainability and sustainable financing, and the challenges and risks facing central banks and banks during the transition towards green banking. It also shed light on the vital role of international, regional, and local financing institutions in supporting transformation strategies and plans, while reviewing the requirements for applying and including sustainable financing policies within the credit and investment policies of banks. 

Najia concluded by commending the themes and topics discussed during the conference, affirming the Bank’s pledge to continue renewing its sponsorship of all UAB future events that foster the cooperation between international financing institutions, central banks, banks, financial markets, and governmental bodies and organizations, and strengthen the role of the banking sector in achieving sustainable development goals. 

It is worthy to mention that KIB strives to enhance the process of economic development in the Arab World, in line with its efforts to integrate environmental, social, and institutional governance strategies into its policies.