Group Chief Retail and Private Banking Officer at Kuwait Finance House (KFH), Waleed Mandani said that the operational car leasing product at KFH has increased 12% as of end 2016 over 2015 despite the developments that affected the local vehicles market performance. The growth is attributed to KFH’s success in offering new services in the last year such as extending operational car leasing contracts, and being accessible for customers at showrooms of cars dealerships.

Mandani added in a press releases that KFH is keen on strengthening ties with the car dealerships for the best interest of customers and the market in an attempt to achieve the common goals. KFH works tirelessly to address customers’ requirements by offering a wide range of vehicles including the SUVs, sports and luxury cars.

He said that KFH reinforced its strategy of increasing its market share and enhancing its presence in the market in efforts to be more accessible to customers. New categories have been entered in the leasing product. KFH offered luxury cars such as Porsche, Lexus, Infinity, Jaguar and Maserati.

KFH offers a variety of most well-known trademarks i.e. over 70 models of various car types of over 12 trademarks. KFH is characterized for providing the best of services to its customers (Retail and corporate) at the highest service quality. KFH gives them the opportunity to select the car of their choice out of a variety of the most modern cars at competitive leasing prices starting from KD 85 per month depending on the type of car and lease contract 1-2 years.

KFH shows interest in further offering a new products and services, especially in the technical side, while geographically expanding the operational car leasing product. KFH offers very attractive advantages to the operational car leasing product including comprehensive insurance and comprehensive Takaful Insurance, alternative car, road assistance round the clock and travelling with the lease vehicle outside Kuwait according to certain rules and regulations. The leasing product is available to customers at KFH showrooms in Shuwaikh, Rai, Dhajeej and Ahmadi in addition to different car dealerships.

Mandani confirmed that the leasing service at KFH is witnessing considerable customers’ turnout, which contributed in increasing the bank’s market share.