Kuwait Finance House- Germany KT Bank AG, the first and only bank with an Islam-compliant business model in Germany and in the Euro zone, has officially opened its Munich branch. Now KFH- Germany “KT Bank AG” exists in Frankfurt, Berlin, Mannheim and Cologne, the bank is now also represented in Munich.

With the number of clients doubling in the retail and corporate segment since 2018 and sustainable business growth according to target figures in the deposit and financing business, the opening of the KT Bank branch marks yet another milestone for the successful model of ethical Islamic banking in Germany. Located in the best central location in Bavaria’s capital, the new KT Bank branch in Munich offers the complete portfolio of certified Islamic banking products and services for retail, corporate and institutional clients according to ethical banking criteria.

KT Bank offers free current accounts without overdraft, profitable investment opportunities based on the principle of profit-sharing, lucrative savings and fixed-term deposit accounts, real estate as well as business financing or unique payment solutions such as the automated installment payment card Jetzz Card, and much more. With the new Munich location, KT Bank is now also the principal bank for Muslims and SRI (Socially Responsible Investment) interested customers in Bavaria.

KT Bank AG CEO Ahmet Kudsi Arslan: “In addition to the permanent development of our digital infrastructure, mobile banking services and FinTech co-operations, we place great value on going forward with the expansion of our branch network in Germany in order to always offer easily accessible and personal customer service. With Munich, we are now opening a location in the South due to increasing demand."