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Kuwait : Three simple technical methods to setup widest array of various investment deposits.

Chief Retail Banking Officer at Kuwait Finance House (KFH) Mohammed Al-Fouzan stated that KFH has best array of deposits among local banks, since those deposits vary in rates, period of time, and investment rate. He added that those deposits are easy to open through e-channels and ATM machines; thus increasing KFH s share of banking deposits. He underlined the fact that KFH deposits are the best in returns among the market; especially that it increases rapidly due to a wise investment policy that aims to achieve sustainable profits with minimal risks.

In addition, Al-Fouzan said that KFH clients can open deposits either through visiting the branch, or online, where all procedures can be completed. Deposits can also be opened through Alo Baitok service 1803333.

It is worth noting that KFH has recently added a new service in all areas of Kuwait that allows clients to open deposits through using ATM machines. Through the ATM machine, the client can transfer the minimum amount of balance required to open the deposit without visiting the branch.

Al-Fouzan went on to say that KFH offers various kinds of deposits that have different minimum limits and time frames in investment. Those deposits can be in Kuwaiti dinar or other foreign currencies, and offer monthly, quarterly, half-yearly, and yearly returns. Some of those deposits have an investment rate of 100% of the value of the deposit. KFH is keen to announce the profit of deposits once they are available without any delay. In addition, the client can cancel the deposit at any time without losing all his profit, or paying any cancellation fees.

KFH deposits are five-year investment deposit, Kawthar, continuous investment deposit, three-year investment deposit, Sudra investment deposit, and investment deposits in US dollars, Sterling Pound, and Euro.

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Publication:Mena Report
Date:Mar 14, 2013
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