Financial and Banking News


Bad Debt Problem Much Improved in Kuwait

According to a recent statement by the Governor of the Central Bank of Kuwait, Shaikh Salem Abd al-'Aziz al-Sa'ud al-Sabah, the extent of the bad debt problem facing commercial banks in the country has been much reduced by the Central Bank's rescue program, and further major improvements in the situation can be expected in the near future. In a statement to the Kuwait News Agency (KUNA) on...