Sunday, February 15, 2009

KFH Malaysia gets RM1b capital boost

Islamic bank Kuwait Finance House Malaysia said last Friday it has received a US$300 million (RM1.08 billion) capital injection from its parent. That leaves the bank, a subsidiary of Kuwait Finance House, Kuwait's biggest Islamic lender, with paid-up capital of US$500 million. "The strong liquidity and capital position enables us to look at and seriously evaluate various investment opportunities in Malaysia and within the region," KFH Malaysia managing director K Salman Younis said in a statement.

No comments: