Financial and Banking News
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 ...