VOL. XXXI

NO. 27

11-APRIL-1988

Financial and Banking News

REGIONAL BANKING

BKME, Alahli Give Big Cash Dividends

Two Kuwaiti commercial banks which are both net recipients of government aidunder the terms of the Difficult Credit Facilities Settlement Program of theCentral Bank have released 1987 results which show increased profits, and bothhave switched from granting bonus share issues to generous cash dividends. Bankof Kuwait and the Middle East (BKME) announced a 12% cash dividend and a 92%...