Central Bank Urges Banking Sector To Speed Up Kuwaitization
Central Bank of Kuwait (CBK) in a recent press statement stressed the need for the banking sector to prioritize the hiring of nationals at various job levels in the sector. In the statement, which was issued following a meeting with local banks, the CBK said the meeting was held within the framework of its keenness to develop job opportunities in the sector for Kuwaitis.
CBK added that the meeting discussed the localization rates achieved by local banks and ways to develop job opportunities for Kuwaitis, so that the sector would have the largest number of national workers in the private sector. The statement added that during the meeting CBK pointed out the need to qualify and train nationals to take over administrative jobs and in other specialties so as to reduce the dependence on companies specialized in providing labor to meet these needs within the sector.
The statement also highlighted the national and social responsibilities of the banking sector in maintaining social security and supporting the government’s efforts to provide job opportunities for nationals, and called for the banking sector to be a pioneer in the field in order to serve as an example to other economic sectors.