Financial And Banking News


KPISS Invests in UBK 

The Kuwait Public Institution for Social Security (KPISS) has invested £3mn in an issue of new shares in the London-based United Bank of Kuwait (UBK) it was announced on 30 April. This brings UBK's paid-in capital to £52.95mn ($65mn) and its total shareholders' funds to £73.4mn ($90mn). At the end of 1984 UBK had total assets (less contras) of £1.88bn and profits (before tax) of...