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...
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