NO. 36


Financial and Banking News

Bank Results

National Bank of Kuwait Declares Profits and Proposes 35% Dividend

National Bank of Kuwait (NBK) has declared profits of KD44.2mn ($156mn) forthe two years 1990-1991 and is proposing a 35% dividend. The bank declaredprofits of KD34.2mn ($117mn) for 1989, the last full year of operations beforethe Iraqi invasion. The 1989 dividend was also 35%, although it was divided into20% cash and 15% shares, compared to 25% cash and 10% shares...