Financial And Banking News

REGIONAL BANKING

KCCI Demands Immediate Government Support for Kuwaiti BanksThe Kuwait Chamber of Commerce and Industry (KCCI) last week released a memorandum demanding immediate action by the government to bailout banks and arguing that any further delay in implementing its rescue package would result in serious damage and far greater cost to the state. Estimating the total size of the banks' bad debts at KD1.7-2bn, the KCCI called for an eclectic package of...