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Meetings with International Financial Institutions to Strengthen Ties
Kuwait: Kuwait Finance House Group (KFH) delegation successfully concluded its participation in the 2018 Annual Meetings of the International Monetary Fund (IMF) and World Bank Group (WBG) held in Bali, Indonesia.
The participation witnessed several significant meetings with international financial institutions, Central Banks Governors, the leaders of economy and the banking industry and senior government officials worldwide where they address financial and economic development issues, and reiterated the importance of cooperation and to exert extra efforts to strengthen this cooperation.
KFH High-level delegation included the Group CEO Mazin Saad Al-Nahedh, CEO- KFH-Turkey Ufuk Uyan, Group Chief Strategy Officer, Fahad Khaled Al-Mukhaizeem, Group Chief Treasury Officer, AbdulWahab Essa Al-Roshood, Group Chief Corporate Banking Officer, Ahmed Soud AlKharji, and Iyad A AlQirtas, KFH Group CEO Office.
The delegation participated in in the reception held by His Excellency the Minister of Finance Dr. Nayef Al-Hajraf in honor of the Kuwaiti delegations participating in the meetings of the IMF and WBG in the presence of the Ambassador of the State of Kuwait to Indonesia Abdulwahab Al-Saqr and the CBK Governor Dr. Mohammad Al-Hashel.
On the sidelines of dinner banquet held by Al-Hajraf on the honor of the Kuwaiti participating delegations, they discussed the role of Kuwait in the economy and the importance of strengthening its position on the map of the global economy. The delegations also reviewed the strength of the Kuwaiti banking sector and its role in serving the local economy as well as the role of regulatory bodies in improving the practices and activities of banking and financial institutions.
KFH's delegation also participated in the annual meetings of the Institute of International Finance IIF that discussed the latest developments in the banking industry and its impact on economic development, as well as the regional and global expectations and challenges in terms of finance and banking. The meetings aim to discuss the issues and topics of concern to the global economy. The IIF meeting also discusses opportunities for cooperation that contribute to the strengthening of economic relations between the participating countries.
KFH is keen on participating in the IMF annual meetings to stress the role of Islamic financial services industry and its role as a strategic alternative in the global economy.
It is worth noting that at the IMF, WBG meetings, KFH won three prestigious awards from Global Finance Magazine which are: the Safest Islamic Bank in the GCC -2018 for KFH, the “Best Islamic Bank in Turkey” for KFH-Turkey, and the “Best Islamic Bank” in Europe for KT Bank AG.
The selection of the awards was based on a number of professional criteria based on long-term credit ratings from Global rating agencies, extensive consultation with bankers, analysts and financial experts from around the world. The selection depended on different factors including Banks’ technical innovation in service delivery, product quality, enterprise reputation, customer satisfaction, geographical spread, and strategic relationships.
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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 customer 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 customers in Turkey, Malaysia, Saudi Arabia, Bahrain, Germany, and the UAE.
KFH's mission is to achieve highest levels of excellence and innovation in the field of customer 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, superior customer 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
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