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...