VOL. XXXI
NO. 32
16-MAY-1988
Financial and Banking News
REGIONAL BANKING
Commercial Bank of Kuwait Reports 28% Profit Growth
Commercial Bank of Kuwait, which is the third largest bank in Kuwait rankedby total assets, declared a 27.7% increase in net profit for 1987, to KD4.6mn.The bank's loan portfolio grew marginally to KD1,078mn, with most of the balancesheet growth accounted for by placements with banks, which increased by KD107mnto KD270mn in 1987. As a result, total assets grew by KD133.5mn,...
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