KFH-Group Received a Patent for This Invention Applied at KFH-Turkey in 2013

Service Available at Avenues Mall, AlFayhaa Branch

Mandani: Bank Strategy Focuses on Offering Round the Clock Banking Services to Customers

Kuwait, May 25th 2017

Kuwait Finance House (KFH) has launched a novel approach of banking services; XTM, as part of the bank’s innovation efforts and keenness to adopt the latest developments in technology as per highest standards of service quality.

Group Chief Retail and Private Banking Officer at KFH, Waleed Mandani said in a press statement on the occasion of launching this interactive service at Avenues mall, that this unique service allows customers to conduct their transactions and perform many banking services in minutes in a very modern way using advanced tools through visual and audio communication options; conference call with KFH staff who are always available and ready to answer all customers’ questions.

Mandani added that this service is available 24/7. It allows customers to open bank saving account, which is a unique service offered from KFH to its customers. In addition, XTM offers several services including opening deposits, balance enquiry, cheque deposits, cash deposit, and account statement, instant transfer between accounts, installment payment, and withdrawal up to KD 5000, not to mention other services offered by KFH Shamel ATM machines. In the future, KFH will offer the gold account and issuing banking cards service in addition to many different services.

Mandani boasted that this quintessential service had received a patent when applied at KFH-Turkey in 2013. After the great success in turkey, KFH brought this splendid experience to Kuwait after taking all regulatory approvals. KFH offers customers two XTM Mini-Branches with outstanding features at Avenues mall and at Fyaha branch.

Moreover, he said that this service is implemented in KFH thanks to the highly qualified staff who put their efforts to come up with this masterpiece.

Mandani said that KFH strategy focuses on offering the banking services round the clock to its customers. KFH will continuously improve its services and keep abreast with latest banking technology in order to meet the aspiration of its customers while maintaining its pioneering position as a world leading Islamic financial institution.

-Ends-

Kuwait Finance House (KFH)
KFH was established in Kuwait in 1977 and is enlisted in the Kuwait Stock Exchange. KFH Group is a global pioneer in the field of Islamic banking services, where it offers a wide array of Islamic products and services, not to mention a high standard of innovation and client service.

KFH manages its operations in the GCC, Asia, and Europe through over 480 branches, including KFH-Turkey, in order to offer services for the bank's clients in Turkey, Malaysia, Saudi Arabia, Bahrain, Germany, Jordan, and Dubai.

KFH's mission is to achieve highest levels of excellence and innovation in the field of client service, while developing common interest for all those concerned with the financial institution. KFH's vision is to spearhead the global development in Islamic financial services, and to upgrade the bank into the level of becoming the most sustainable profitable Islamic bank in the world.

KFH's values include cementing leadership through all its businesses, including leadership in the Islamic banking services worldwide, through innovation and in client service and the development of its employees. In addition, KFH is committed to all its procedures, and to setting up long-life partnerships with the concerned authorities.

For more information, please visit: www.kfh.com

© Press Release 2017