The National Bank of Kuwait (NBK) recently conducted a special visit to Umm Attiya Al Ansariyah Primary School for Girls to assess the progress of its “Bankee” program. Launched during the current academic year, this initiative aims to enhance financial awareness and literacy among male and female students in public and private schools.
The bank’s executive management, including Vice Chairman and Group CEO Issam Al-Saqr, personally toured the school to observe the notable developments in implementing the “Bankee” program, as reported by Al-Rai daily. This visit showcased the commitment of NBK to promoting financial education among the youth.
In collaboration with the Ministry of Education, the Anti-Corruption Public Authority (Nazaha), and Creative Confidence, the “Bankee” program provides students with a practical understanding of basic economic concepts and practices. By fostering financial literacy in a simulated economic system within the school classroom, students gain valuable insights into personal finance management.
The visit to Umm Attiya Al Ansariyah Primary School for Girls was not only attended by NBK’s executive management but also featured the participation of key officials such as Maryam Al-Anazi, Assistant Undersecretary for Educational Development and Activities, and Engineer Abrar Al-Hammad, Assistant Secretary-General for Prevention at Nazaha. This demonstrates the collaborative effort between various entities to ensure the success of the program.
Parents of the students were actively involved in the visit, engaging with their children about the program’s features and expressing delight at the positive changes in their children’s behaviors and financial understanding. They also had the opportunity to discuss the program’s impact with teachers, further emphasizing the importance of financial literacy in the overall development of students.
During the visit, participants had the chance to experience the “Bankee” program firsthand. They were introduced to a virtual bank that provides students with a financial account traded using virtual “Bankoz” currency. Through this simulated banking system, students are able to accumulate the program’s currency in their accounts and earn rewards based on their performance and behavior.
Since its launch in October, the “Bankee” program has become an integral part of students’ daily lives in the classroom. The program benefits over 15,000 students of both sexes, with the active participation of 4,000 teachers. This widespread adoption highlights the positive reception and impact of the program among Kuwaiti schools.
The “Bankee” program not only equips students with practical financial skills but also encourages them to develop good financial habits from an early age. By instilling a sense of responsibility and understanding about money, NBK is playing a crucial role in shaping the financial future of Kuwait’s youth.
Through its collaboration with the Ministry of Education and Nazaha, NBK is successfully introducing students to the world of finance in a practical and interactive environment. By contextualizing the program to local laws, customs, and educational practices, NBK ensures that students receive relevant and applicable knowledge that will benefit them throughout their lives.
The success of the “Bankee” program serves as a testament to NBK’s commitment to corporate social responsibility and its dedication to empowering the next generation of Kuwaiti citizens with essential financial skills. By promoting financial literacy among students, NBK is actively contributing to the overall development and prosperity of Kuwait’s society.
Source: TimesKuwait
