Kuwait Credit Bank, Commercial Bank Sign Electronic link AgreementSource: www.export-egypt.com 3/5/2016, Location: Middle East |
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Kuwait Credit Bank announced the signing of an electronic link cooperation protocol with the Commercial Bank of Kuwait to enable customers to make direct transfers between the two banks and collect monthly deductions from beneficiaries of housing loans granted by the Credit Bank.
Director-General of the Credit Bank Salah Al-Mudhaf said in a statement that the agreement, which was signed by Commercial Bank's Chief Executive Ilham Mahfouth comes to complement the efforts of the Credit Bank to expand the electronic link network with government agencies and institutions and the private banks sector in implementation of its strategy to shift towards the full completion of electronic transactions. He added that cooperation between the Credit Bank and private banks is an extension of the old and rooted partnership between the public and private sectors that began decades ago that contributed to the renaissance of Kuwait and its economic development. He pointed out that the Credit Bank had already signed similar protocols with the National Bank of Kuwait, Kuwait International Bank and Boubyan Bank reflecting its fixed conviction in the role of the private sector as a wheel of development in the country aimed to transform Kuwait into a financial and economic center |
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