NO. 44


Financial and Banking News

Bank Results

Bank of Bahrain and Kuwait Publishes Unqualified Results and Profit for1991

Bank of Bahrain and Kuwait (BBK) has declared a profit of BD9.1mn, itshighest for many years. The bank's accounts are also unqualified by theauditors, following the implementation of the Kuwaiti Government's debt buyoutplan. The bank's balance sheet now contains BD137.3mn in Kuwait Government debtbonds, representing 23% of its total assets. The bonds...