Fitch said that the Islamic bank's ratings reflect its strong domestic franchise, shareholding structure, through which potential support would be forthcoming, together with consistently strong profitability, low cost funding and adequate capitalisation. The bank enjoys a competitive advantage since it is the only Islamic bank operating in Kuwait, Fitch added. KFH is the second largest Islamic financial institution in the Middle East, after Saudi Arabia's Al-Rajhi Banking & Investment Corporation (MEED 22:2:02).
You might also like...
Iraq signs five-year gas deal with Iran
29 March 2024
Iraq pushing forward with refinery project
29 March 2024
Samsung C&T to undertake Amiral cogen EPC
29 March 2024
McDermott completes financial restructuring exercise
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.