Central Bank of Kuwait asks local banks to increase the number of Kuwaitis in top positions

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Central Bank of Kuwait asks local banks to increase the number of Kuwaitis in top positions

Central Bank of Kuwait asks local banks to increase the number of Kuwaitis in top positions

The Central Bank of Kuwait recently asked banks to intensify efforts to increase the number of Kuwaitis in executive positions, to reach at least 70 percent at all levels.

In a circular to the banks, the Central Bank said that “this trend is carried out within the framework of professional procedures that clearly show a significant development of the target ratio, based on a timetable, showing the current employment ratios of each bank and how they reach this goal in executive positions.” This should be done by the end of March.

The Central Bank will review the procedures and the time frame to achieve the target and raise the percentage of national manpower in executive positions to at least 70 percent.