KFH eyes expansion into Egypt

Kuwait Finance House is looking to expand into Egypt and China, according toThe National. KFH, the tenth largest lender in the Gulf, is considering an acquisition of an existing operation Egypt rather than chasing a new license. The bank is looking outside of its traditional territory, which it views as saturated, so a less mature banking market like Egypt looks attractive. Gulf banks have traditionally found their bread and butter in the form of government spending, which has taken a dip in the continuing period of lower oil prices.