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Qatar's QNB is one of the bidders for KFH Malaysian operations
September 16, 2015, 8:39 am

Qatar National Bank, the Gulf's largest lender, is reportedly among the bidders for Kuwait Finance House’s Malaysian operations.

Bloomberg reported on Tuesday that Kuwait Finance House is evaluating offers from Qatar National Bank and at least one other party, citing people familiar with the matter.

In May, Kuwait Finance House said it was exploring the possible sale of assets including its Malaysia unit, as the Islamic lender looked for a leaner structure.

Qatar National Bank has been expanding overseas to reduce its reliance on a home market of 2 million people and has spent $3 billion on acquisitions since 2012, according to Bloomberg.

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