NBK supports "Let's Be Aware" campaign in raising awareness about the risks of dealing in virtual assets

Al-Kharafi: We aim to foster a culture that promotes financial and banking awareness as part of our mission to protect our customers' personal financial data and their privacy

  
Mohammed Al Kharafi

Mohammed Al Kharafi

As part of its endeavors to spread financial culture and promote awareness

We offer safe investment and saving alternatives to best suit everyone’s needs

National Bank of Kuwait (NBK) is always keen to promote financial culture and raise awareness among different segments of society. To that end, the Bank focused its efforts to support “Let’s Be Aware” campaign launched by the Central Bank of Kuwait (CBK). Through its platform on social media and other channels, NBK continuously raises awareness about the risks of trading cryptocurrencies and investing in virtual assets, due to potential losses.

Recently, the Bank stepped up its awareness campaign, adding new content and publishing experts’ opinions, interviews, and discussions to raise public awareness of the numerous risks associated with these high-risk assets.

This campaign supports CBK’s efforts to raise customers' awareness of the risks associated with trading virtual assets.

On this occasion, Mr. Mohammad Al-Kharafi, Head of Group Operations at National Bank of Kuwait said: “We work to ensure that the public is aware of the inherent risks of investing in virtual currencies due to the high degree of uncertainty and their unregulated nature. Therefore, we strive to promote financial culture and banking awareness, in addition to fully support CBK’s campaign to educate customers about their rights and how to protect their data, banking information and funds.”

“While we caution our customers of risky investment channels, we also offer safe and diversified investment and savings alternatives to suit everyone,” Al-Kharafi added.

Al-Kharafi stressed that NBK harnesses all its capabilities and its digital channels to support CBK’s efforts to protect customers and the economy.

It is worth mentioning that NBK is a key supporter and partner in all CBK’s initiatives and campaigns aiming to raise financial awareness and spread banking culture among all segments of society. As a leading financial institution in Kuwait and across the region, NBK frequently organizes various activities that contribute to raising awareness about all topics related to the banking sector. It also organizes various activities and training courses on combating fraud and financial crimes.

CBK launched “Let’s Be Aware” banking awareness campaign, in cooperation with Kuwaiti banks, as part of its efforts to spread financial culture and raise awareness among banks’ customers of their rights and responsibilities and the best ways to benefit from banking services. The campaign also aims to promote the saving and investment culture, as well as other related topics, by publishing a variety of awareness material and information relevant to financial culture.

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases