VOL. XXXII
NO. 15
16-JANUARY-1989
Financial and Banking News
REGIONAL BANKING
Kuwait-French Announces Big Increase in 1988 Profits
The Paris-based Kuwaiti-French Bank, which is a consortium including CreditIndustriel et Commercial de Paris and four Kuwaiti financial institutions (Alahli,Commercial and Kuwait Real Estate Banks, and Pearl Investment Company) hasannounced that its provisional 1988 accounts show a quintupling of its grossincome from FF22.7mn to FF125mn ($20mn). About one-third of 1988...
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