NO. 24


Financial and Banking News

Regional Banking

Physical Damage to Kuwaiti Banks Less than Anticipated

Preliminary reports from Kuwait indicate that the physical damage inflictedon the Kuwaiti banking system during the Iraqi occupation is much less than hadbeen anticipated and much less than that suffered by other sections of thecountry's infrastructure. One senior Kuwaiti banker told MEES that "thereports coming back are surpassing our best expectations". Central...