KFH targets 20% growth for retail, consumer loans

  • Business
  • Wednesday, 13 Jun 2012

GEORGE TOWN: Kuwait Finance House (Malaysia) Bhd (KFH) is targeting to achieve growth of 15% to 20% for its retail and consumer loans this year.

Chief executive officer Datuk Jamelah Jamaluddin said that last year the retail and consumer loans given out exceeded RM1bil.

“In early 2011, the retail and consumer loans given out was about RM300mil, but by the end of 2011, the figure exceeded RM1bil,” she said.

Jamelah spoke after giving out about RM535,000 of zakat fund to the Yang Di-Pertua Negeri Tun Abdul Rahman Abbas, who received it on the behalf of the Penang Islamic Religious Council.

Jamelah said KFH planned to set up its 12th branch in Kuala Lumpur next month.

”In 2013, we will establish the 13th branch in Seberang Prai,” she said.

Jamelah added that KFH expected modest growth for the first six months of this year, which was an improvement of last year’s corresponding period.

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