Kuwait Finance House (KFH) won 3 prestigious awards from VISA in recognition of its outstanding performance in 2024. These awards highlight KFH’s commitment to innovation, customer satisfaction, and leadership in the banking sector, not to mention the keenness on continuously reinforcing the value of its banking cards.

The 3 distinguished awards are:

Best-in-Class CIF Growth in Kuwait for 2024

Best-in-Class Commercial Card Volume Growth in Kuwait for 2024

Best-in-Class Cross Border Ecomm growth in Kuwait for 2024

It is worth noting that “Best in Class” compares KFH against banks of its caliber (top 3) and KFH is on top.

KFH Group Chief Executive Officer Khaled Yousef Al-Shamlan, expressed his pride in the recognition, indicating on receiving the awards from Visa’s SVP and Group Country Manager for GCC, Dr. Saeeda Jaffar, in the presence of number of KFH and Visa officials at KFH Headquarters, that the 3 awards are a direct reflection of KFH’s ongoing commitment to innovation and excellence in delivering customer-centric banking solutions.

He pointed out that through its customer-centric approach and strategic investments in cutting-edge technology, KFH, the largest bank in Kuwait by market capitalization and the second-largest Islamic bank in the world, continues to drive growth in key areas, positioning itself as a leader in the financial landscape.

Rationale behind the wins

Al-Shamlan explained that KFH’s achievement of the Best-in-Class CIF Growth in Kuwait for 2024 is a testament to the bank’s robust expansion efforts, particularly in the digital realm. By embracing digital transformation, KFH has enhanced its customer experience with seamless and secure banking solutions tailored to the needs of both retail and corporate customers.

He added that the award of Best-in-Class Commercial Card Volume Growth in Kuwait for 2024 highlights KFH’s pivotal role in supporting local businesses through customized financial tools. Its innovative commercial card solutions streamline transactions, improve cash flow management, and offer businesses efficient ways to meet their financial needs, solidifying KFH’s position as a trusted partner for businesses of all sizes.

“The award of Best-in-Class Cross Border Ecomm growth in Kuwait for 2024 recognizes KFH’s commitment to providing customers with secure and convenient e-commerce solutions. In response to the global rise in online shopping, KFH has invested heavily in advanced technology and strategic partnerships to ensure its customers enjoy seamless and secure international online transactions”, Al-Shamlan indicated.

He added “At KFH, we continuously strive to enhance the banking experience for our customers by leveraging the latest technologies and offering tailored products and services. We will continue to build on this momentum and lead the way in shaping the future of banking in the region.”

Al-Shamlan pointed out that KFH’s continued success in earning these awards reinforces its leadership position in the banking sector and its unwavering dedication to meeting the needs of its customers, both locally and internationally, while also underlines Visa’s great confidence in KFH’s products that keep pace with international standards of creativity and innovation.