Banks to increase percentage of Kuwaiti employees

Local banks recently received instructions to increase Kuwaiti employees to 70 percent in various banking positions. According to local media report, several leading banks in Kuwait are already managed by Kuwaitis “who have shown remarkable competence and achieved unprecedented success.”

According to report, 33 percent of those positions, including CEOs, their deputies, department managers and heads of various sections are currently occupied by Kuwaitis.

The report also noted that Kuwait Central Bank is very committed to such steps and had earlier urged local banks to set welldefined schedules to put such instructions into practice and limit the use of foreigners for training purposes only.