Kuwait Credit Information Network Company (CINET), the leading and sole provider of credit information and credit ratings in the State of Kuwait, has signed a Memorandum of Understanding with Kuwait Institute of Banking Studies (KIBS) to launch a specialized training program focused on enhancing credit awareness within the banking and financial sectors, particularly in relation to credit reports and ratings.

Under the MoU, CINET will develop and prepare the program content in collaboration with KIBS, ensuring the delivery of specialized material aligned with leading professional practices and regulatory standards adopted within the credit sector. Simultaneously, the Institute will qualify professionals working in Kuwait’s financial and banking sector, thereby expanding the program's reach and enhancing the professional competencies of sector affiliates and all beneficiary entities.

The program aims to elevate professional practices among credit report users by strengthening the accurate understanding, interpretation, and responsible use of credit data, ultimately contributing to greater transparency and credit literacy.

Commenting on the partnership, Mrs. Alia Bader Al-Humaidhi, CINET Chairperson, said:

“This partnership marks an important step toward enhancing credit awareness and strengthening credit culture within the financial sector. Through this collaboration, we aim to support the responsible use of credit information and further promote transparency across the Kuwaiti market through joint programs and cooperation with specialized institutions”.

From her side, Mrs. Rana Abdullah Al-Nibari,The general Manager of Kuwait Institute of Banking Studies added:

“At KIBS, we are committed to developing capabilities in line with the evolving needs of the banking sector. This program reflects our dedication to delivering specialized initiatives with tangible impact, as our team will work closely to equip professionals across the financial sector with the knowledge required to support compliance and strengthen the sector’s efficiency and sustainability.”