NO. 10


Financial and Banking News

Regional Banking

Central Bank of Kuwait Profits Increase

The Central Bank of Kuwait has recently published its Annual Report for thefiscal year ending 30 June 1989, which shows that its profit for the year hasincreased from KD34mn to KD58mn, mainly as a result of lower interest expensesand a write-back of provisions on its securities portfolio. The Central Bank'stotal assets have shrunk sharply during the year, from KD1,437.6mn to...