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MarketScreener Homepage  >  Equities  >  Kuwait Stock Exchange  >  Kuwait Finance House K.S.C.P.    KFH   KW0EQ0100085

KUWAIT FINANCE HOUSE K.S.C.P.

(KFH)
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KFH: 205% Growth in Opening Gold Account via KFHonline for First Half of 2020

07/27/2020 | 04:15am EST

Kuwait Finance House (KFH) achieved growth in customers interest in the service of opening gold account via KFHonline of 205%, during the first half of 2020, compared to the same period last year.

The customers' demand for online gold purchases service increased by 358%, while the online gold sale service recorded a growth in the size of customer use, which reached 125%, for the same period.

The high demand from customers to benefit from KFH digital services via KFHonline on the website or through the mobile application, reflects the efficiency and quality of KFH's digital applications, services and its electronic platforms. This confirms the success of the bank's efforts in meeting customers' aspirations and requirements, while giving them a unique and sustainable banking experience in all circumstances.

Benefits of a gold account

Among the advantages of the gold account, the ease of opening the account, completing purchases and sales via KFHonline, choosing from gold biscuits with different weights from 10 grams to 100 grams. In addition to the ease of owning the purest gold (with a purity of 999.9), and the flexibility of storing gold at KFH, free and as per highest standards of security.

Gold biscuits can be obtained through banking branches or KFH Go, with complete reassurance when buying KFH gold biscuits exported and approved by its security mark and sealed by the Ministry of Trade and wrapped according to the best security specifications. KFH provides competitive prices and flexibility in purchasing or selling.

Digital banking services

KFH Customers benefited from Swift GPI service through KFHOnline, opening KFH gold account, online gold purchase and sell, KCC dividend subscription, transfer to KFH Trade, opening deposits, opening bank account, checking the PINs for credit and debit cards, money transfer to credit card, cheque deposit online, cardless withdrawals using QR code through mobile, or using ID, KYC update, update profile service, checking installment and dues online, transfer to KFH accounts, transfer to other banks as well as several high-quality digital banking services.

KFH continues its efforts to increase its investment in FinTech and digital banking within the highest standards of efficiency and quality. This confirms the banks insight forward in efforts to enhance the customer's digital experience.

Disclaimer

Kuwait Finance House KSC published this content on 27 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2020 08:15:00 UTC


© Publicnow 2020
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Financials
Sales 2020 831 M 2 742 M 2 742 M
Net income 2020 142 M 467 M 467 M
Net Debt 2020 - - -
P/E ratio 2020 35,1x
Yield 2020 0,65%
Capitalization 5 308 M 17 505 M 17 511 M
Capi. / Sales 2020 6,39x
Capi. / Sales 2021 6,23x
Nbr of Employees 15 000
Free-Float 51,3%
Chart KUWAIT FINANCE HOUSE K.S.C.P.
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Kuwait Finance House K.S.C.P. Technical Analysis Chart | KFH | KW0EQ0100085 | MarketScreener
Technical analysis trends KUWAIT FINANCE HOUSE K.S.C.P.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 5
Average target price 0,51 KWD
Last Close Price 0,70 KWD
Spread / Highest target -6,88%
Spread / Average Target -27,3%
Spread / Lowest Target -55,0%
EPS Revisions
Managers and Directors
NameTitle
Mazen Saad Ali Saad El-Nahedh Group Chief Executive Officer
Hamad Abdulmohsen Hamad Al-Marzouq Chairman
Abdullah Mohammed Abdullah Al-Haous Group Chief Operations Officer
Shadi Ahmed Yacoub Zahran Group Chief Financial Officer
Srood Amed Sherif Group Chief Information Officer
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