Compelo Banking is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More

KFH Turkey Obtains License To Operate In Germany

Planning to open more branches in other German cities, and will apply for licenses to open banks in new European countries

Kuwait Finance House-Turkey (KFH-Turkey) has received an approval from Federal Financial Supervisory Authority (BaFin) of Germany to establish a financial services branch.

Reportedly, this license will allow KFH – Turkey to introduce Shariah compliant banking services to the German banking system. The new branch aims to cover the financial requirements of a wide customer base in the German market. Additionally, KFH-Turkey plans to expand it services to other European countries.

KFH-Turkey expects that the operations in Germany will improve its strategic plans to strengthen the economic relationship between Turkey and the European Union countries on the one hand, and between these countries and the GCC on the other.