VOL. XXXIV

NO. 14

7-JANUARY-1991

Financial and Banking News

Regional Banking

NBK Reported Pressing Ahead with London Incorporation

The application by National Bank of Kuwait (NBK) to establish a new,London-incorporated, subsidiary is now entering its final stages of approval,according to banking sources in London. Approval is not yet assured, but islikely to be agreed within the next few weeks, they say. The issue remainshighly sensitive, however, and NBK has consistently declined to comment on the...