VOL. XXXIII
NO. 17
29-JANUARY-1990
Financial and Banking News
Regional Banking
NBK Profits Up on Overseas Expansion
The National Bank of Kuwait (NBK), the country's premier private-sectorfinancial institution, has reported record profits of KD35mn ($120mn) for 1989,an increase of 13% over the previous year. The bank cut its cash dividend from22% to 20%, but compensated shareholders with a 15% bonus share issue, comparedwith 13% the previous year. NBK's profits, which are announced after...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!