NO. 25


Financial and Banking News

Regional Banking

NBK and the Gulf Bank Plan to Reopen Limited Number of Branches

National Bank of Kuwait (NBK) and the Gulf Bank of Kuwait each hoped to openabout nine of their branch offices in Kuwait on Sunday 24 March. The CentralBank of Kuwait was due to start issuing new Kuwaiti Dinar bank notes to thebanking system on the same day, and it is expected to authorize withdrawals ofKD4,000 per month from individual accounts. Withdrawals in...