The Social Development Bank is among the top 5 global participants in savings

The Social Development Bank was honored by the International Organization for Finance for Youth and Children, as one of the five best participants within the Global Money Week (GMW), with the participation of 170 countries, which was held in South Africa. The bank participated in the conference “Economic Citizenship and Employment is a Future for All,” at the invitation of the CYFI organization, where at the conclusion of the conference a ceremony was held honoring all participants and influencers in the GMW campaign, during the period June 19-20, 2019 in the city of Johannesburg, South Africa, which was held by the International Finance and Finance Organization. Child & Youth Finance International (CYFI)...

The bank’s honor comes within the top five participations in the Global Money Week, as part of the Social Development Bank’s efforts to promote and disseminate financial culture, encourage saving, and raise the level of financial awareness among members of society. The bank participated in the Global Money Week by providing a package of training courses, lectures, and a number of Nearly 4,000 men and women benefited from workshops related to spreading financial awareness in the most prominent cities and regions of the Kingdom. The bank also presented the Treasure Island event for children, which is concerned with instilling the concepts of money and encouraging saving among young people. More than 1,000 male and female children benefited from it. In addition to the effective presence by establishing interactive corners that provide financial empowerment tools and conduct a number of activities through which the individual can evaluate his financial situation and his ability to manage his money in a sound manner.
It is worth noting that the bank is keen to create an impact in society with regard to spreading financial culture among segments of society, so it has qualified a specialized team consisting of 40 male and female ambassadors at the level of the Kingdom’s administrative governorates with the aim of deepening the concepts of saving and financial planning, as (535) courses were provided for (33,234) beneficiaries and (204) courses for (12,606) beneficiaries in 2018. The bank also launched the “#Your_Ambition_Greater_Campaign,” which is an awareness campaign on financial culture and saving directed at users of social media channels, with the aim of spreading the culture of saving and financial planning for the future and consolidating the concept of awareness. financial services within society, reducing consumerism and encouraging people to start saving at an early age. The number of beneficiaries reached approximately 4 million beneficiaries, in addition to the bank’s participation in major cultural events in the Kingdom such as Janadriyah and international days such as World Savings Day on October 31. The bank also allows... On its website, there are a number of financial empowerment tools that help the individual in the journey of saving and sound financial planning for his resources and expenses, such as the savings calculator and the financial awareness scale. Five training packages were also prepared on saving, investing, developing money, and financial planning, based on studying the public’s needs after workshops. Work, in addition to the “Treasure Island” event, which targets children and specializes in educating children about the importance of saving through interactive programs and financial games that motivate the participant to save and invest money in an attractive and appropriate way.