VOL. XXXV

NO. 40

6-JULY-1992

Financial and Banking News

Regional Banking

Kuwait Asia's Directors Decide to Liquidate Bank

The directors of Manama-based Kuwait Asia Bank have agreed to liquidate thebank, but a final decision will have to be taken by the shareholders, who areexpected to meet around the end of December. The directors' decision was takenat a board meeting on 29 June. The bank announced earlier this year that itwould start liquidating assets, pending a final decision on its future (MEES...