Kuwait's IBS joins forces with famed British educational charity

KUWAIT, May 1 (KUNA) -- Kuwait's Institute of Banking Studies (IBS) signed on Monday an agreement for cooperation with the London Institute of Banking and Finance (LIBF) in a bid to restore credibility to courses offered by IBS.
Speaking to the press, IBS Director General Yaqoub Al-Refaei hailed the deal with a "venerable institution such as LIBF, as he underscored the need for an overhaul of the IBS' training courses, given the prowess the institute possesses.
Moreover, he added that no effort has been spared to facilitate the learning process for pupils and that the deal with LIBF could be instrumental in propelling the banking sector in Kuwait to new heights.
Meanwhile, CEO of LIBF Alex Fraser said that is imperative to support the IBS, pointing to a correlation between the institute and the needs of the banking sector.
Fraser also applauded IBS' "outstanding contributions to Kuwait's financial sector." Since its inception in 1970, IBS has worked closely with Kuwait's financial sector, providing extensive training and educational courses to prop up the country's banking sector. (end) mfs.nam