[MARC] MARC Ratings extends MARCWatch Developing on KFH Malaysia

MARC Ratings has extended its MARCWatch Developing status on Kuwait Finance House (Malaysia) Berhad (KFH Malaysia), where the bank has been placed under this surveillance since August 1, 2024. The action resulted from KFH Malaysia’s decision to voluntarily withdraw from the Malaysian market and wind down its banking business in the country, which is in line with its parent KFH Group’s strategic review to focus on the Middle East region.

MARC Ratings notes that the winding down process is progressing as scheduled. It opines that KFH Malaysia is on a sound financial footing to be able to complete the winding down process by 1Q2026. The rating agency will continue to monitor the process until such date.

Darren Leong, +603-2717 2937/ darren@marc.com.my
Amirah Aisyah, +603-2717 2969/ amirah@marc.com.my
Elmer Lim, +603-2717 2947/ elmer@marc.com.my