Kuwait Finance House (KFH) achieves highly advanced levels among the safest banks list in Kuwait, GCC, Middle East, Africa and emerging markets in 2016, prepared by Global Finance magazine. KFH came first at Kuwait level and Second at GCC level as the safest Islamic bank. Also, it occupied the eighth position at the Middle East and Africa (MENA) level and 25th position among 50 banks rated by global finance as the safest banks at the emerging markets level worldwide. Accordingly, KFH has advanced by three positions compared to preceding year.
KFH achievement of these advanced positions in the list of the safest banks geographically and operationally affirms KFH’s strong foundations providing safety and security in this rapidly-changing market landscape. It also reflects the volume of KFH’s businesses, products and services not to mention the prudent decisions that hinder the bank and its clients from the repercussions of markets turmoil” said KFH Chief Executive Officer, Mazin Al-Nahedh.
He added in a press release that despite the fierce competition and the relatively limited segments of clients, KFH remained committed to add value to its clients, most notably the security and peace of mind that enabled the bank to achieve sustainable growth and confront markets’ volatility and different challenges, yet boosting clients’ confidence and increasing its market share to maintain top spot in the local market. On international level KFH is determined to continue its flagship role in the Islamic finance industry by innovating new Islamic financial products and services as alternatives to the conventional ones. The bank will assume greater role in supporting the development plans in the region and the global markets. KFH has achieved distinguished position as a result of 3 decades of dedication and hard work.
He indicated that KFH received several prestigious awards and recognitions from local, regional and global entities in recognition of its achievements at all levels. These awards motivate KFH for exerting further efforts to remain the world’s leading Islamic financial institution.
The list issued by Global Finance on annual basis for the last 25 years is considered as the most reliable list in this field as it is based on certain facts including credit rating, volume of assets and business and financial indicators. Studies cover more than 500 banks.