KFH honored at the Global Finance Awards – ARAB TIMES

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Kuwaiti bank named “Best Treasury and Cash Management Bank” for 2022

KUWAIT CITY, January 22: For the second year in a row, Kuwait Finance House (KFH) wins the “Best Cash and Cash Management Bank” award for the year 2022 from Global Finance Magazine at its 22nd ceremony annual awards to the best banks and providers of treasury and cash management services. Managing Director of KFH Kuwait – Treasury, Ahmed Essa Al-Sumait, said that KFH’s “Best Treasury Bank and Cash Management” award reflects the unique and distinguished rank that KFH enjoys in the field of treasury services. cash and cash management as well as customer confidence. in the bank’s services and the role that KFH plays as an important banking partner in providing innovative financial and banking solutions. He indicated that KFH’s win of this deserved award depicts KFH’s tremendous efforts to deliver highly developed digital treasury platforms at the highest quality standards and KFH’s success despite the challenges imposed by the pandemic. .

Ahmed Al-Sumait

Al-Sumait added that the award reflects KFH’s success in developing the latest digital solutions to ensure the continuity of the best services in the field of treasury and cash management locally, regionally and globally. He indicated that these honorary awards and prizes reiterate and affirm KFH’s pioneering position in the Islamic banking market. He pointed out that KFH provides a diverse set of capital markets services and products, foreign exchange products as well as other innovative financial solutions to meet clients’ aspirations and meet their needs. The bank provides currency buying/selling services, Gold Account, Currency Selling Platform (KFHGlobal), Profit Rate Swaps (PRS), Al Waad product and “Live FX Pricing” which is an electronic platform with live coverage of international markets to meet customer needs.

In addition, it has provided highly developed technologies to process and settle transactions and expedite trade execution using the “STP” straight-through processing system and other treasury services and products. He added that KFH has a highly experienced team of young domestic talents who have sufficient expertise to handle all treasury activities and serve customers using all high-tech solutions employed by KFH to improve performance efficiency. . Al-Sumait added that KFH is working through the Treasury sector to expand its investment and trading activities in the primary and secondary capital markets. He reported that KFH ranked first in the primary IILM Sukuk program and first in the secondary market in 2021. It is an unprecedented event that a financial institution ranks first for the IILM Sukuk program at a time. primary and secondary. markets. Ranking Standards Global Finance Publisher and Editorial Director Joseph D. Giarraputo said: “As the pandemic continues to impact the treasury industry worldwide, intelligent management of treasury systems and cash is more important than ever”. He added that Our awards recognize organizations that have best served their customers in an unprecedented and ongoing crisis. »

Global Finance used highly accurate and professional global standards to award the awards through a multi-tiered evaluation process that included nominations from banks and vendors and input from industry analysts, executives of business, technology experts and independent research to select the best cash and liquidity providers. management services. A variety of subjective and objective criteria were considered, including profitability, market share and reach, customer service, competitive pricing, product innovation, and the extent to which treasury and management providers cash managed to differentiate themselves from their competitors around the provision of basic services. Global Finance, founded in 1987, is headquartered in New York and has a presence in over 193 countries around the world. He has over 35 years of experience in global financial markets and is considered a global reference for financial industry news as he covers topics related to corporate finance, joint ventures, capital markets, currencies, banks and risk management.





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