(MENAFN - Muscat Daily) Fifteen Omani youth from low-income families undergoing training in foreign exchange transactions as part of a corporate social responsibility (CSR) initiative by BankMuscat are progressing well to be employed with Global Exchange Company across the sultanate.
The bank's CSR team visited the youth at BahwanCybertek where the training is underway to enhance the skills of the beneficiaries and raise their economic and social status.
The training comes under the bank's Jesr al Mustaqbal' (Bridge to Future) integrated CSR programme, offering scholarships, training and rehabilitation directed at young Omanis dependent on social welfare and hailing from low-income families.
The seven-month training modules include basic English and business English and aspects covering foreign exchange trade and role of cashiers. Following theoretical classes, the trainees will undergo on-the-job training for two months.
The trainees, upon successful completion of the programme, will be absorbed in different branches of Global Exchange Company on a starting monthly salary of RO300.
Early this year, BankMuscat launched the Jesr al Mustaqbal' programme to provide relevant educational and training opportunities to Omani youth to develop employable skills.
To ensure continuity and success of the programme, the bank has allocated 20 per cent of its CSR budget for the programme.
A bank CSR official said, ''Jesr al Mustaqbal is aimed at helping young Omanis receive proper education and vocational training that will enable them to develop employable skills and improve their living standards, social and economic status.
"This will also encourage them to positively participate in the service of society and development of the country.''
The bank is committed to CSR and thereby contributes towards sustainable development by working closely with local communities with the aim of improving living standards in a manner that serves the national economy and development process at the same time.
BankMuscat is the first Omani bank to establish a full-fledged CSR departmen