VOL. XXXIV

NO. 49

9-SEPTEMBER-1991

Financial and Banking News

Regional Banking

Gulf Banks Cope Well with Gulf Crisis, but Face Bigger Challengesahead

The Gulf crisis took its toll on Gulf banks' profitability in 1990 but,overall, banks in the region have coped well with the turmoil which followedIraq's invasion of Kuwait. Of the 59 institutions listed in this year's MEESGulf bank rankings, 32 showed a lower return on equity in 1990 than in 1989, butonly 11 reported net losses. Seven of the loss...