MARC Ratings said it has been watching the developing status on Kuwait Finance House (Malaysia) Berhad, where it has remained since 1 August 2024 following the announcement of its voluntary withdrawal from the Malaysian market and planned wind-down of operations, in alignment with KFH Group’s strategic focus on the Middle East.
The agency noted that progress on the divestment of the bank’s retail and corporate financing portfolios continues, with the wind-down process targeted for completion by 2Q2027. The sale of its non-performing retail portfolio was completed in April 2026, while a residual second tranche is pending the sale of its performing retail portfolio, which is progressing through the near-final stages of completion.
MARC said most of its corporate financing portfolio has also been offboarded, with only a few accounts remaining. Further developments will be monitored through to the completion of the wind-down process.
