Kuala Lumpur, 10 November 2010 – Kuwait Finance House (Malaysia) Berhad (KFHMB) becomes the first foreign financial institution to open a Bureau de Change (BDC) outlet at the Departure Level, Kuala Lumpur International Airport (KLIA). The outlet represents KFHMB’s second BDC set up at an airport operated by Malaysia Airports Holdings Berhad (MAHB). Earlier this year on 1 April 2010, the Bank had successfully opened a BDC outlet at the International Arrival Hall of LCC Terminal. In addition to these two outlets, KFHMB also operates two other BDCs at the Pavilion KL and KL City Air Terminal in KL Sentral.
The Official Opening of the BDC at KLIA today was officiated by Yang Berbahagia Tan Sri Bashir Ahmad Abdul Majid, Managing Director MAHB, in the presence of KFHMB’s Chief Executive Officer, Puan Jamelah Jamaluddin, senior management team from KFHMB and MAHB, as well as BDC counter personnel.
In her opening remarks, Puan Jamelah highlighted, “We are very excited to offer our BDC services at one of the busiest and well-managed international airports in the world, with its ample retail and commerce opportunities. This allows the Bank to capitalise on the influx of tourists and additional spending power.”
Complimenting the effort, Tan Sri Bashir said, “I applaud Kuwait Finance House for having the foresight to open its fourth BDC at a strategic location such as this. There has been an increase of travellers, both business and leisure, from the Middle East, Europe, Asia, Australia and the United States, arriving at KLIA. Our total passenger volume for this airport up to August 2010 was 12.26 million, which was 16.73 percent higher than the corresponding period last year. This development creates a greater demand for passengers to exchange their currencies.”
Within the first week of operations, the new Bureau de Change had recorded an encouraging number of transactions. “In line with our commitment to offer great value and convenience to our customers, the new BDC is open 24 hours with 24 types of currencies available. This supports our plan to further grow the Bank’s retail business, to complement its present business offerings. In conjunction with KFHMB’s Fifth Anniversary this year, we have mobilised larger resources to enhance the visibility of our retail and consumer banking. Moving forward, we plan to set up more BDC outlets nationwide in the near future,” stressed Puan Jamelah.
The Official Opening of the BDC at KLIA today was officiated by Yang Berbahagia Tan Sri Bashir Ahmad Abdul Majid, Managing Director MAHB, in the presence of KFHMB’s Chief Executive Officer, Puan Jamelah Jamaluddin, senior management team from KFHMB and MAHB, as well as BDC counter personnel.
In her opening remarks, Puan Jamelah highlighted, “We are very excited to offer our BDC services at one of the busiest and well-managed international airports in the world, with its ample retail and commerce opportunities. This allows the Bank to capitalise on the influx of tourists and additional spending power.”
Complimenting the effort, Tan Sri Bashir said, “I applaud Kuwait Finance House for having the foresight to open its fourth BDC at a strategic location such as this. There has been an increase of travellers, both business and leisure, from the Middle East, Europe, Asia, Australia and the United States, arriving at KLIA. Our total passenger volume for this airport up to August 2010 was 12.26 million, which was 16.73 percent higher than the corresponding period last year. This development creates a greater demand for passengers to exchange their currencies.”
Within the first week of operations, the new Bureau de Change had recorded an encouraging number of transactions. “In line with our commitment to offer great value and convenience to our customers, the new BDC is open 24 hours with 24 types of currencies available. This supports our plan to further grow the Bank’s retail business, to complement its present business offerings. In conjunction with KFHMB’s Fifth Anniversary this year, we have mobilised larger resources to enhance the visibility of our retail and consumer banking. Moving forward, we plan to set up more BDC outlets nationwide in the near future,” stressed Puan Jamelah.