KFH: 205% growth in opening gold account via FHonline in H1 2020

KUWAIT: Kuwait Finance House (KFH) achieved growth in customers interest in the service of opening gold account via KFHonline of 205 percent, during the first half of 2020, compared to the same period last year. The customers’ demand for online gold purchases service increased by 358 percent, while the online gold sale service recorded a growth in the size of customer use, which reached 125 percent, for the same period.

The high demand from customers to benefit from KFH digital services via KFHonline on the website or through the mobile application, reflects the efficiency and quality of KFH’s digital applications, services and its electronic platforms. This confirms the success of the bank’s efforts in meeting customers’ aspirations and requirements, while giving them a unique and sustainable banking experience in all circumstances.

Benefits of a gold account

Among the advantages of the gold account, the ease of opening the account, completing purchases and sales via KFHonline, choosing from gold biscuits with different weights from 10 grams to 100 grams. In addition to the ease of owning the purest gold (with a purity of 999.9), and the flexibility of storing gold at KFH, free and as per highest standards of security. Gold biscuits can be obtained through banking branches or KFH Go, with complete reassurance when buying KFH gold biscuits exported and approved by its security mark and sealed by the Ministry of Trade and wrapped according to the best security specifications. KFH provides competitive prices and flexibility in purchasing or selling.

Digital banking services

KFH Customers benefited from Swift GPI service through KFHOnline, opening KFH gold account, online gold purchase and sell, KCC dividend subscription, transfer to KFH Trade, opening deposits, opening bank account, checking the PINs for credit and debit cards, money transfer to credit card, cheque deposit online, cardless withdrawals using QR code through mobile, or using ID, KYC update, update profile service, checking installment and dues online, transfer to KFH accounts, transfer to other banks as well as several high-quality digital banking services. KFH continues its efforts to increase its investment in FinTech and digital banking within the highest standards of efficiency and quality. This confirms the banks insight forward in efforts to enhance the customer’s digital experience.