Burgan Bank recently held a retail banking training workshop for senior managers from the Algeria Gulf Bank which the former is close to acquiring a majority stake in as part of its regional expansion strategy. • Kuwait: Sunday, April 19 - 2009 at 12:41
Burgan Bank conducts training workshop with Algeria Gulf Bank representatives.
The workshop aimed to align the overall business strategy and retail banking operations of both entities as well as enable sharing of knowledge and expertise to build a robust regional banking platform.
Says Burgan Bank Chief Human Resources Manager Maliha Al Ayar, 'This workshop marks the first of a series of measures that we will undertake to exchange expertise and knowledge as well as human resources interaction with the regional entities. It enabled dialogue and consensus on developing and maintaining human resource management and development plans for the group'
The workshop also sought to acquire and exchange international best practice and to facilitate human resources interaction, as well as develop and align all processes of the banking entities in the group to international banking industry standards.
Burgan Bank is nearing completion of the transfer of a majority stake in Algeria Gulf Bank from United Gulf Bank (UGB). This will be the second bank under the Burgan Bank group; last year the Bank successfully acquired a majority stake in Jordan Kuwait Bank.
Burgan Bank is presently working towards acquiring a majority stake in two other banks in Tunisia and Iraq as part of the regional expansion strategy which it embarked upon last year.