The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Awards

Islamic finance awards 2014: Kuwait Finance House

Best Islamic bank in Kuwait

Kuwait Finance House has had some difficult times in recent years, just like Kuwait itself, but a new strategy to revamp the bank is starting to bear fruit. In the nine months to September 30, every key metric moved in the right direction year on year: net profit up 17%, earnings per share up 12%, total assets up 10%, deposits 11%, and shareholder equity 31%.

These are the results of a strategy – developed with Booz & Company and implemented in 2011 – to lower expenses, maintain asset quality, improve returns through entering new markets, and cement KFH’s share in its subsidiaries. Along the way KFH has grown in retail and made a priority of taking part in government projects involving the private sector. It has also increased its capital to finance expansion plans.

KFH was always big and today has 295 branches worldwide. But it also has started to reappear on some noteworthy deals. Examples last year included $500 million of ijarah facilities for Sharjah Electricity and Water Authority to fund infrastructure projects, a financing for Bahrain’s Foulath Holding Company, a $1.5

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree