Tuesday 14, August 2018 by Kudakwashe

KFH says Turkish business units are stable

 

The Turkish lira has gone into freefall over concerns about the direction of monetary policy.

  

Kuwait Finance House (KFH) said that its Turkey financing portfolio is stable and diversified between the Turkish lira and major foreign currencies, reported Reuters.

KFH assured its stakeholders as well as customers that it was closely monitoring events in Turkey and that it continues to achieve strong and continuous growth rates at all levels of the financing portfolio.

The lender operates more than 400 branches in Turkey.

 

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