Kuwait- KFH assets increase by 7.3 pct 

(MENAFN - Kuwait News Agency (KUNA)) Kuwait Finance House's assets increased by 7.3 pct while their client deposits increased by 16 pct in 2011, CEO Mohammed Al-Omar said Tuesday.

In addition, operative revenues increased by 18.4 pct and total revenues reached KD 872 million with KD 135.8 million more than a year earlier, while expenses dropped by 4 pct.

Al-Omar said that in light of such positive indicators, KFH's performance is expected to further grow, if the operative environment improves and promising investment opportunities emerge.

He added that KFH focuses on retail banking, financing of companies and major developmental projects; in addition to its unique services to women. KFH also focuses on commercial financing of individuals in main items, and on long-term investments with minimal risks and high profit.

KFH's financial indices show its robust financial status; especially that most of them witnessed growth. It also has great potential in the local and global markets it operates in, since it is highly experienced in Islamic banking.
He went on to say that the new KFH structure will lead to further sustainable profits and will care for the clients, not to mention increasing market share and underlining KFH's leadership in Islamic banking in Kuwait and worldwide.

Moreover, Al-Omar mentioned that everyone will notice the improvement in performance, where all services that a client may need can be offered to him at one place. He said that the new structure that has been approved by the board will be effective after notifying supervisory authorities.

Speaking to employees in an employee event, he also stressed the importance of training staff through developing their skills, regarding them one of the bank's main assets.