VOL. XXXII
NO. 8
28-NOVEMBER-1988
Financial and Banking News
REGIONAL BANKING
Big Increase in Support Funds Used for Kuwaiti Bad Debt
The Central Bank of Kuwait (CBK) has published its Annual Report for 1987/88(the year ending in June 1988), which shows a 28.5% decline in its balance sheetto KD1,486.5mn despite the addition of some KD355mn worth of KD bills and bonds,95% of which comprise treasury bills and bonds bought back by the Central Bank(see table below). The major reason for the decline in...
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