Financing and Banking News
Two More Kuwaiti Banks Declare Zero Profits
Fulfilling predictions of a tough year for Kuwaiti bank results, two more banks have declared zero profits after loan loss provisions for 1985. Of the six commercial banks to release their balance sheets so far, only one has shown an increase in profits and three have shown zero profits: Gulf Bank, Commercial Bank of Kuwait and Burgan Bank. The results for Commercial Bank show an unchanged loan...