Financial and Banking News


Kuwaiti French Reports Profits Increase

The Paris-based Kuwaiti French Bank, which is majority owned by a group of Kuwaiti financial institutions including Commercial Bank of Kuwait, Kuwait Real Estate Bank and Alahli Bank of Kuwait (through the Luxembourg holding company Pearl Holding), last week announced a 13% increase in profits for 1986. Profits were FF19.22mn ($3.2mn) in 1986 compared with FF17mn in 1985, on capital of FF150mn ($24.9mn)....