KIB signs an agreement with The British School of Kuwait to offer a zero-profit tuition installment service

Kuwait International Bank (KIB) has announced the signing of a partnership agreement with The British School of Kuwait (BSK), allowing parents to benefit from a convenient tuition installment service. This initiative aims to expand access to quality education while offering families a more flexible and manageable approach to covering tuition fees. The agreement was unveiled during a press conference held at the school, attended by KIB’s General Manager of Retail Banking Othman Tawfeqe, and BSK's Founder and Director – Madam Vera Al-Mutawa MBE, along with several representatives from both sides.

Commenting on the new partnership, Othman Tawfeqe, General Manager of the Retail Banking Department at KIB, stated: “We are proud to partner with The British School of Kuwait, one of the oldest and most prestigious educational institutions in the country, renowned for its long-standing commitment to delivering high-quality education in line with the highest international standards. In recognition of BSK’s vital role in Kuwait’s educational landscape, we are pleased to offer a zero-profit tuition installment plan, designed to facilitate access to quality education and support families in managing their educational expenses with greater ease and flexibility.”

He added: “KIB consistently strives to offer innovative financial solutions that cater to the needs of our customers and the community at large, and this agreement is a clear reflection of that commitment. We understand that education costs can pose a challenge for many families, which is why we were keen to introduce a flexible, zero-profit payment system that offers parents peace of mind and supports better financial planning. This new partnership between KIB and BSK stands as a model of effective collaboration between the financial and education sectors, opening new opportunities for students in Kuwait to access high-quality education.”

On his part, Abdulrahman Al Bahar, Direct Sales Manager at KIB, said: “The installment payment system allows parents to pay tuition fees in manageable installments, without any added profit charges. This is what makes the offer truly unique, particularly within the private education sector. More importantly, KIB has ensured that this service is accessible to everyone, with no requirement to transfer salaries to the Bank or be an existing KIB customer. This underscores KIB’s commitment to offering inclusive and accessible banking solutions to a wide segment of society, reflecting its efforts to support social and economic development and its new strategy to deepen customer relationships.”

From her side, Mme Vera stated: “This partnership with KIB reflects our commitment at The British School of Kuwait (BSK) to supporting families who are investing in their children’s future. By offering flexible payment options, we’re making it easier for families to access the highest quality education in an environment that nurtures growth, curiosity, and lifelong learning.”

It is worth noting that this agreement is part of a broader series of initiatives and partnerships that KIB is establishing across various sectors in Kuwait, aimed at providing flexible and accessible payment solutions for both citizens and residents. KIB has a strong track record of forging strategic partnerships with leading companies and institutions in diverse fields, including education. This diversity reflects the Bank’s comprehensive strategy to deliver added value to its customers and meet their evolving needs, in line with its main slogan “Bank for Life.”