Financial and Banking News


Two Kuwaiti Banks Report Improved Earnings, withhold Cash Dividend

Two Kuwaiti commercial banks have released 1986 figures which show an improvement in earnings, although in both cases a cash dividend has been withheld in favor of scrip issues. Alahli Bank of Kuwait, which ranks as the fourth- largest bank in the country, declared net profits for the year of KD4.51mn ($15.6mn), 15% higher than in 1985 but still less than half the level in 1984....