Kuwait's KFH booked $270 mln provisions in H1, Kuwait Banks, Banking & Investment - Maktoob Business

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.