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...