VOL. XXXI
NO. 17
1-FEBRUARY-1988
Financial and Banking News
REGIONAL BANKING
NBK Returns Profits for Third Consecutive Year
National Bank of Kuwait (NBK) last week reported a 5.1% increase in netprofits to KD26.7mn ($97.5mn) in 1987 from KD25.4mn ($92.8mn) in 1986. This wasthe third consecutive year of profit growth for Kuwait's largest bank, despitethe adverse factors of a local recession, the Iran-Iraq war, and non-performingloans. Although the full balance sheet of NBK had not been released at ...
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