NO. 24


Financial and Banking News

Regional Banking

Kuwait Asia Bank Starts Liquidating Assets, Pending Decision On Future

Bahrain-based Kuwait Asia Bank is starting to liquidate its assets, pending adecision on its future later this year. The bank is majority owned by Kuwaitifinancial institutions, with the state-owned Public Institution for SocialSecurity as the principal shareholder. Kuwait Asia has lacked direction since achange in senior management was implemented in...