Middle East Economic Survey

VOL. XLVIII

No 39

26-September-2005

KUWAIT

Citibank Becomes Fourth Foreign Bank To Start Operating In Kuwait

Citigroups commercial banking unit Citibank will open a branch in Kuwait after winning final clearance from the government on 18 September. The Central Bank of Kuwait (CBK) had approved the licensing of Citibank earlier this month. Citibank is the fourth foreign bank to secure a license, joining HSBC, National Bank of Abu Dhabi (NBAD) and BNP Paribas. Kuwaits...