Financial and Banking News
REGIONAL BANKING
KAB Reports Strong Profit Growth
Kuwait Asia Bank (KAB) continues to buck the mildly recessive trend affecting Bahrain-based OBUs by reporting third quarter net income of $7.4mn, compared with $4.1mn for the equivalent period last year. Net income during the first half of this year totaled $4.5mn. Over a twelve month period total assets (less Contras) grew by 19% from $422mn to $502mn, although the shrinkage in the interbank market is reflected...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!