Award another testimony to quality of KFH products, services

KUWAIT: Global Finance Magazine has awarded Kuwait Finance House (KFH) the "Best Trade Finance Provider" award in Kuwait 2019. The award is another testimony to the quality of KFH products and services that strengthen its position as a world leading Islamic financial institution.

The regional and global winners were revealed at an award luncheon in London during the BAFT Europe Bank-to-Bank Forum. Selection of KFH was made by the highly professional team of Global Finance, after extensive consultations with bankers, corporate finance executives and analysts throughout the world. The Quantitative criteria of giving the award included growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Among the subjective criteria considered were reputation, customer satisfaction, and the opinions of analysts and others involved in the industry.

On receiving the award, Group Chief Treasury Officer at KFH- AbdulWahab Al-Roshood, said that the award reiterates the appreciation of the international institutions, the financial experts, and practitioners in finance industry to KFH. KFH's focus on core banking business contributed in achieving highest levels of efficiency and superior service quality, while offering competitive and innovative financing products. KFH provides customers with advice and solutions to mitigate risks and succeed in their international business.

Al-Roshood added that KFH plays key role in supporting the country's development plan. KFH supports the Kuwaiti companies and the international companies operating in Kuwait to execute and complete their projects. the Bank offers a wide range of financing services to corporate and retail customers. This encompasses different sectors such as infrastructure, energy, transport, IT services etc.

The editorial review board of Global Finance selected the best trade finance providers based on input from industry analysts, corporate executives and technology experts. Criteria for choosing the winners included: transaction volume, scope of global coverage, customer service, competitive pricing, innovative technologies as well as entry submissions from banks and other providers.

Global Finance, founded in 1987, has a circulation of 50,050 and readers in 192 countries. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services.