NO. 51


Financial and Banking News

Regional Banking

Kuwaiti Banks still Face Huge Challenges despite Debt Buyout

The balance sheets of Burgan Bank and Bank of Kuwait and the Middle East,published in mid-September, show that Kuwait's deficit banks still face hugechallenges even after their non-performing loans have been bought out withCentral Bank debt bonds. Both banks have had to pay a heavy price for the debtbuy-out, since the terms of the deal involved repaying the...