MARC Ratings has maintained its MARCWatch Development status of Kuwait Finance House (Malaysia) Berhad which has remained on the ratings agency’s MARCWatch since 1 August 2024 after the bank announced its voluntary withdrawal from the Malaysian market and the planned wind-down of its operations, in line with the Group’s strategic reorientation towards the Middle East region.
The ratings agency said KFH Malaysia continues to make progress in divesting its retail and corporate financing portfolios, with ongoing support from parent Kuwait Finance House KSC, and remains on track to complete the wind-down by 4Q2026. The rating agency added that it will monitor developments until completion.
