Financial and Banking News
BBK Reveals $68mn Director Lending
The Bank of Bahrain and Kuwait (BBK) last week revealed that the volume of its loans to its own board of directors stood at BD25.8mn ($68.4mn) at the end of 1985, equivalent to 5.1Z of its total loan portfolio. However, the bank revealed that because of a decline in the value of securities pledged against its loans to directors, the value of this collateral stood at only BD12mn. At its annual meeting, BBK...