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He reiterated KFH wants to expand in Turkey and have 113 branches by year-end, from 100 at its Kuveyt Turk bank, which had assets worth 3.
Al-Omar: KFH allowed 1600 employees training opportunities during 1st Q
IILM has issued since last July 3 issuances worth $490 million, $500 million and $860 million respectively in which KFH has the lion's share of them.
This human capital remains the key factor in KFH allowing it to maintain its role as the leading Islamic financial institution.
KFH Turkey's branch also witnessed a 40 percent increase in assets, a total
Al-Kawthar completes the current KFH deposits that distribute annual and quarter returns.
For KFH, the crucial areas for improvement for 2015 are the same as those in 2014 − asset quality and profitability.
Managing Director KFHA Mudassir Iqbal briefed the secretary and other authorities about KFHA and operations/activities at the KFH.
KFH offers Mobi Baitok vehicles that serve as mobile branches that allow people to deposit and withdraw cash in addition to other usual transactions.
Serving customers across the GCC, Asia, and Europe through over 480 branches, KFH is driven by massive volumes of data which is retained on backup tapes.
KFH is also aiming to modernize its entire branch network with NCRs innovative Branch Effectiveness Modelling (BEM) solution, which comprise a range of consultancy tools that will help the bank to explore customer volumes, transaction mix and service bandwidth, giving KFH a holistic overview of the effectiveness of their branch network as well as areas of improvements.
Despite unfavourable operational environment and market volatility caused by political developments in the region along with economic developments, such as the drop in oil prices, KFH succeeded in achieving growth across all its financial indicators in 2015," chairman Hamad Al Marzouq said.
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