VOL. XXXI

NO. 28

18-APRIL-1988

Financial and Banking News

REGIONAL BANKING

Gulf Bank of Kuwait Shows Major Improvement in Profitability

Gulf Bank ofKuwait has reported a 62% increase in profits, to reach RD7.06mn in 1987. Incommon with two other Kuwaiti banks which have recently reported last year'sresults (Alahli Bank and Bank of Kuwait and the Middle East - MEES, 11 April),Gulf Bank has been permitted by the Central Bank of Kuwait to distribute a cashdividend, which for Gulf Bank shareholders is...