Others News > Islamic Finance News > Kuwait Finance House recovery on track

 Kuwait Finance House (M) Bhd (KFH), aims to get back into the limelight for the right reasons. The last time it attracted media interest was following news of an internal audit on a net loss and surge in non-performing finance (NPF). “We have taken stock of all our assets,'' said it CEO. “We feel more comfortable now as we know which accounts that need to be restructured." Declining to divulge further details, she said that of the total group assets of RM10.9bil, “only a fraction" needed to be restructured or recovered. “Under its five-year transformation plan, the focus this year will be three-pronged branding, building up human resource capability and change in corporate culture. Under its current emphasis to grow retail business in line with its universal banking concept, more branding activities are targeted. Staff quality, competency and diversity will also be strengthened while the mentoring process is under way.