Kuwait Finance House (KFH) has said that it is planning to add more than five new branches to the chain of its local branches during 2010. The company plan to bring the tally of its active branches in the domestic market to 60.

KFH maintains 52 branches in the local market covering the major active areas in addition to considerable geographical spread in the foreign markets. The most important among its foreign branches is strategically positioned in the Turkish market through the ‘KFH Turkey.’

KFH said it has plans in place and aims at increasing the total number of its branches from 132 branches currently to 145 by the end of 2010. KFH also operates in Bahrain and Malaysia.

Al-Mekhyal, acting manager of branches department at KFH, said: “KFH” continues to plan for the geographic expansion, it continues to advance at a steady pace in implementing modern technology in its banking operations, in light of the diverse customer base and types in response to individual needs and preferences, as some customers tend to use advanced technology tools in completing the banking activities, while others prefer to attend directly in person at the branch counters.”