Financial and Banking News


BKME Results Better Than Expected 

The long-delayed results of the Bank of Kuwait and the Middle East (BKME), which was the last of the Kuwaiti banks to reveal its 1985 results, have turned out to be somewhat better than expected. Although profits for the year declined by 78.2%, it was still able to show a slim profit of KDl.46mns and distribute a 7% share issue (compared with 1984 when profits were KD6.69mn and it distributed 5% cash plus...