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Tuesday, 18 July 2017

Kuwait Finance House studying merger with Ahli United Bank

Kuwait Finance House studying merger with Ahli United Bank:

"Kuwait Finance House (KFH) is looking to merge with Bahrain's Ahli United Bank , Kuwait's biggest Islamic lender said in a statement on Tuesday, confirming an earlier media report. The Gulf's banking sector is consolidation as three years of low oil prices squeeze deposits and push up bad loans. "The merger is currently only under study and there has been no agreement so far, and this would be a positive step if it closed with the right price," KFH Chief Executive Mazin Al-Nahedh was quoted as saying in Kuwait's Arabic language Al-Qabas newspaper."



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