Financial and Banking News
NBK Profits Climb
National Bank of Kuwait (NBK) last week announced its results for 1986, whichfor the first time include FRAB Bank on a consolidated basis. 1986 profits wereKD25.4mn ($86.4mn), compared with KD23.0mn ($79.6mn) declared in 1985. NBK'sdividend remains unchanged at 20% cash plus 10% bonus shares. NBK's assetsincreased 7.4% on a comparable basis, to KD3,031mn ($10.3bn), which is thehighest level ever recorded...