close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Kuwait’s KFH booked $270 mln provisions in H1-TV

Kuwait's KFH took enough provisions in the second quarter.

0

July 22, 2010 2:15 by



Kuwait Finance House (KFH), the country’s biggest Islamic lender, set aside 78 million dinars ($270.2 million) to meet loan losses in the first half of 2010, a top executive said in aired remarks on Thursday.

“Most of them (78 million) are against credit operations and a small portion is against investments,” Abdul Nasser al-Subeih, KFH’s deputy chief executive told Dubai-based Al Arabiya Television.

“We took enough provisions in the second quarter,” Subeih said without providing a figure.

On Tuesday, KFH posted a 22 percent rise in second-quarter net profit to 39.9 million dinars, from 32.7 million dinars in the year earlier period. KFH’s shares closed up 2 percent up Thursday.

(Reporting by Eman Goma; Editing by Dinesh Nair)



0

Tags: , , ,

Leave a Comment