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Kuwait Finance House to grow retail banking business

Kuala Lumpur, 4 February 2010 - At a recent sales rally held in Kuala Lumpur, Kuwait Finance House (Malaysia) Berhad (KFH-Malaysia) announced its plans to grow its retail banking business. The rally, which was attended by branch and sales teams from all over Malaysia, also gave recognition to the top performers.

"Retail and Consumer Banking will be playing a key role in 2010 and beyond. There is a growing demand for a "back to basics" approach to bank products and services - our current range of retail deposit and financing products has always been simple and straightforward and that is appreciated by many," announced Mr Ab Jabar Ab Rahman, Deputy Chief Executive Officer of KFH-Malaysia.

Currently, KFH-Malaysia range of Islamic banking products and services include deposits and investment accounts, home and personal financing as well as Priority Banking services to address the needs of mass affluent and high net-worth individuals who seek steady rate of returns on their investments.

KFH-Malaysia is a member of the KFH Group , one of the world's largest Islamic banking institutions with a diverse range of products and services, including full-scale corporate and investment banking, commercial banking, retail and consumer banking and asset management.

KFH-Malaysia entered the Malaysian market in 2005 focused on growing its Corporate and Investment Banking business. In such a short time, KFH-Malaysia has firmly established its own reputation in Malaysia with its innovative financing initiatives with renowned local corporations such as Air Asia, KL Sentral, Pavilion, among others.

"Retail Banking will be a key engine of growth for KFH-Malaysia moving forward. We will steadily increase our retail banking product and services range to include others that will be sure to excite the market," concluded Mr Ab Jabar.

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About Kuwait Finance House (Malaysia) Berhad
Kuwait Finance House (Malaysia) Berhad (KFH-Malaysia) commenced operations on 8 August 2005 and is a wholly-owned subsidiary of Kuwait Finance House K.S.C. (KFH). A full-fledged Islamic bank, KFH-Malaysia has a paid-up capital of USD650 million and USD100 million in Tier II capital. The Rating Agency of Malaysia has reaffirmed the respective long and short-term general ratings of 'AA2' and 'P1' to KFH-Malaysia. KFH-Malaysia is the regional headquarters of Kuwait Finance House in the Asia-Pacific, and has seven branches in Malaysia with offices in Singapore and Australia. For further information on the products and services, please contact the Customer Service Centre at +603 2056 7777 or log into the website at www.kfh.com.my.

For media enquiries, please contact:
Teresa Guanzon-Hayward
Head, Corporate Affairs Division
Kuwait Finance House (Malaysia) Berhad
DL: +603 21733222
Mobile : +60122348784
Fax: +603 2055 7815
Email : maria.teresa@kfh.com.my

Hajjah Rumaizah Dato' Abu Bakar
Head, Media Relations & Communications
Kuwait Finance House (Malaysia) Berhad
DL: +603 2054 7550
Mobile: +6012-6876300
Fax: +603 2055 7815
Email: rumaizah.abubakar@kfh.com.my

© Press Release 2010

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