VOL. XXXI
NO. 21
29-FEBRUARY-1988
Financial and Banking News
REGIONAL BANKING
BKK Takes $62mn loss in 1987
The Bank of Bahrain and Kuwait (BKK) last week announced preliminary resultsfor 1987 which show a BD23.4mn ($62mn) loss after taking heavy provisions duringthe year. BBK's results have been seriously affected by losses on its Kuwaitiloan portfolio - losses which required a BD54mn injection of new capital byits Kuwaiti shareholders in 1986 and a major management restructuring exerciseled by its...
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