NO. 5


Financial and Banking News

Regional Banking

NBK to Clear Commercial Banks' Interbank Interest Arrears

The Central Bank of Kuwait has entrusted National Bank of Kuwait (NBK) withthe task of discharging the interest arrears on interbank deposits which havebeen accumulated by the Kuwaiti commercial banks since 2 August. A communicationsent by NBK to creditor banks at the end of October offered to settle interestarrears up till 31 October and asked for principal which...