Financial and Banking News
Kuwaiti Banks Mark Time
Three more Kuwaiti banks have announced their results for 1989. CommercialBank of Kuwait (CBK) and Kuwait Finance House (KFH) are both showing reducedprofitability, despite small increases in net profits. Gulf Bank is also showinga small increase in net profits but has the same return on assets as in 1988.All three are issuing dividends unchanged from last year. All Kuwaiti banksexcept National Bank...