VOL. XXXIV
NO. 36
10-JUNE-1991
Financial and Banking News
Bank Results
Kuwait Asia Board Defers Decision of Bank's Long Term Future
Bahrain-based Kuwait Asia Bank has declared losses of $42mn for 1990,reflecting both the continuing legacy of past problems and the additionaldifficulties resulting from the Gulf crisis. Kuwaiti financial institutions hold88% of the bank's shares. The loss has been taken from reserves, leavingaccumulated losses of $64.9mn. In line with other Bahrain offshore banks,...
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