Latest news with #bankingSector
Zawya
19 hours ago
- Business
- Zawya
NBK hosted Harvard Club of Kuwait members at the bank's headquarters
Al-Ablani: The visit embodies our belief in the importance of knowledge exchange with alumni of one of the most venerable universities in the world. NBK is constantly keen on developing human capital within its institutional partnerships. The visit is a valuable opportunity for the alumni to connect with the bank's leadership and exchange ideas on future challenges and opportunities. The alumni explored the Talent Management's programs that aim to develop national competencies. National Bank of Kuwait hosted the members of Harvard Club of Kuwait at the bank's headquarters and were received by Mr. Emad Al-Ablani, Group Chief Human Resources Officer. The aim of the visit was to introduce the club members with clear visions of the bank's strategic focus on concepts like innovation, financial fraud awareness and its role in talent and leadership development in the banking sector. The visit consisted of a comprehensive program tailored to provide a rich and interactive experience for Harvard alumni, starting with a tour at NBK facilities in which they explored its latest technologies and strong infrastructure that supports its developed banking operations, followed by a specialized session presented by experts at NBK on financial fraud awareness and protection methods. Moreover, the Talent Management gave a detailed outlook of its programs that aim to develop and upskill future national talents so as they become capable of continuing NBK's longstanding success. This visit came as a valuable opportunity for Kuwait's Harvard alumni to directly interact and connect with NBK's leaderships, which enabled them to exchange ideas and gain perspective on the bank's future strategies and plans, in addition to exploring the best methods applied in the banking industry and building bridges and enriching their professional network. On this occasion, Mr. Emad Al-Ablani, Group Chief Human Resources Officer commented: 'We are pleased to welcome the members of Harvard Club of Kuwait, as this visit embodies NBK's strong belief in the importance of exchanging knowledge with an elite group of Kuwaiti alumni of the most venerable universities in the world.' Al-Ablani added: 'This visit enriches the scope of discussions and brings new horizons for collaboration, as it enables Harvard alumni to closely explore the dynamics of the banking sector in Kuwait and understand the incorporation of innovation and technology in the day-to-day operations. Moreover, this visit is a valuable opportunity for the alumni to connect with NBK's leaderships and gain from their experiences, as well as exchange ideas about future opportunities and challenges.' In his statements, he also emphasized that NBK is constantly keen on developing human capital within its institutional partnerships, and it pays special attention to attract and upskill the best young national talents through comprehensive training programs as per its commitments towards society and professional development. In light of its belief in their effective role in society, Al-Ablani indicated that NBK often organizes annual activities and initiatives, especially in the field of education. It should be noted that Harvard Club of Kuwait is the official club that brings together Harvard alumni in Kuwait, and it operates under the umbrella of Harvard Alumni Association (HAA) for educational and social purposes. It aims to build relationships among Harvard alumni to help them flourish personally and professionally, provide a platform to exchange knowledge and experiences, encourage life-long learning, intellectual enrichment, professional growth, and social interaction through forums of continuing education and development, and collaborate with other entities within Kuwait for events and programs that serve the local community.
Al Bawaba
22-05-2025
- Business
- Al Bawaba
Royal Jordanian Signs $250 Million Syndicated Loan Agreement led by Arab Bank
Royal Jordanian signed today a syndicated loan agreement valued at USD 250 million, led by Arab Bank with the participation of several Jordanian and regional banks. This step underscores the solid confidence the banking sector places in the airline. In his opening remarks at the signing ceremony, Royal Jordanian's Chairman of the Board of Directors Said Darwazeh said that Royal Jordanian has a long-standing legacy as the national carrier and has, since its establishment, served as a key pillar in connecting Jordan to the world and reinforcing its role as a regional hub. Despite the various challenges in the world and in the region in particular, the airline continued its operations with resilience and determination, carrying out its national mission and contributing significantly to Jordan's economy, particularly in the tourism and transport sectors. He added that this agreement marks a strategic milestone that underscores the strong relationship between Royal Jordanian and the banking sector. It also reflects the confidence that local and regional financial institutions have in the company's long-term vision. 'We see this partnership as a vital enabler of Royal Jordanian's transformation and modernization efforts, reinforcing its regional and global competitiveness.' 'We greatly value the role played by Arab Bank and all participating banks in facilitating this banking arrangement. We look forward to continued constructive collaboration that supports the company's objectives and contributes positively to the national economy,' Darwazeh said. Commenting on the occasion, Vice Chairman of the Board and Chief Executive Officer of Royal Jordanian Samer Majali said: 'As part of our recently launched growth and expansion strategy, Royal Jordanian is focused on modernizing its fleet, expanding its route network, investing in our growth ambitions especially in aviation support ventures, digital transformation and advanced technologies, in addition to settling the remaining balance of the existing loan; this strategic direction requires reliable financial support. Fleet modernization is a cornerstone of our commitment to sustainability, as modern aircraft play a crucial role in reducing fuel consumption and carbon emissions, aligning with our environmental responsibility and long-term aspirations. 'We take great pride in the trust shown by Jordanian and regional banks that chose to participate in this financing. Their confidence affirms the airline's strong credit profile and financial stability. Our full commitment to repaying the previous syndicated loan on schedule even under the most challenging conditions during the COVID 19 pandemic played a key role in reinforcing this trust and encouraging broader participation from financial institutions,' Majali commented. Randa Sadik, Chief Executive Officer, Arab Bank commented: 'This USD 250 million financing agreement demonstrates Arab Bank's and the participating banks' belief in Jordan's national carrier's capacity to execute ambitious future expansion and development plans, reinforcing its position within the aviation sector. The agreement also underscores the strong confidence Royal Jordanian enjoys among local and regional financial institutions.' This financing, Sadik added, directly contributes to supporting the national economy and reinforcing Jordan's standing regionally and internationally.
Jordan Times
21-05-2025
- Business
- Jordan Times
RJ signs $250m syndicated loan agreement led by Arab Bank
Royal Jordanian announces on Wednesday the signing of a $250 million syndicated loan agreement, led by Arab Bank and several Jordanian and regional financial institutions (Petra photo) AMMAN — Royal Jordanian Airline (RJ) announced on Wednesday the signing of a $250 million syndicated loan agreement, led by Arab Bank and several Jordanian and regional financial institutions. This step underscores the solid confidence the banking sector places in the airline, according to a statement by the Arab Bank. During the signing ceremony, RJ Chairman of the Board of Directors Said Darwazeh stressed the airline's deep roots. "Royal Jordanian has a long-standing legacy as the national carrier and has, since its establishment, served as a key pillar in connecting Jordan to the world and reinforcing its role as a regional hub," Darwazeh added. He noted that "despite various challenges globally and in the region, the airline continued its operations with resilience and determination, fulfilling its national mission and significantly contributing to Jordan's economy, especially in tourism and transport." Darwazeh highlighted the agreement as "a strategic milestone that underscores the strong relationship between Royal Jordanian and the banking sector," adding that it "reflects the confidence that local and regional financial institutions have in the company's long-term vision." Darwazeh said: "We greatly value the role played by Arab Bank and all participating banks in facilitating this banking arrangement. We look forward to continued constructive collaboration that supports the company's objectives and contributes positively to the national economy." RJ Vice Chairman and CEO Samer Majali said: "As part of our recently launched growth and expansion strategy, Royal Jordanian is focused on modernising its fleet, expanding its route network, investing in our growth ambitions especially in aviation support ventures, digital transformation and advanced technologies, in addition to settling the remaining balance of the existing loan". "Fleet modernisation is a cornerstone of our commitment to sustainability, as modern aircraft play a crucial role in reducing fuel consumption and carbon emissions, aligning with our environmental responsibility and long-term aspirations,' he added. Majali also expressed pride in the financial sector's backing: "We take great pride in the trust shown by Jordanian and regional banks that chose to participate in this financing. Their confidence affirms the airline's strong credit profile and financial stability.' He voiced RJ's full commitment to repaying the previous syndicated loan on schedule, even under the most challenging conditions during the COVID-19 pandemic, played a key role in reinforcing this trust and encouraging broader participation from financial institutions. CEO of Arab Bank Randa Sadik said that this $250 million financing agreement demonstrates Arab Bank's and the participating banks' belief in Jordan's national carrier's capacity to execute ambitious future expansion and development plans, reinforcing its position within the aviation sector. "The agreement also underscores the strong confidence Royal Jordanian enjoys among local and regional financial institutions." She added that this financing contributes to supporting the national economy and reinforcing Jordan's standing regionally and internationally.
Bloomberg
06-05-2025
- Business
- Bloomberg
ECB Stress Test Set to Hit Bank Capital Less After High Profits
The current stress test on Europe's biggest banks is on track to delivering a lesser hit to capital ratios than the previous one, partly reflecting the sector's strong profitability last year. The preliminary result is materializing after initial submissions to the European Central Bank by individual lenders in at least three countries show their capital ratios falling by less than at the same stage of the previous test, people familiar with the matter said. They asked not to be identified discussing the private matter.
