Middle East Economic Survey
VOL. XLVII
No 27
05-July-2004
KUWAIT
NBK Prepares To Defend Turf As Kuwait Liberalizes Banking Sector
National Bank of Kuwait (NBK) saw its best ever year in 2003 as profits climbed to a record high and it remained the Middle Easts highest rated bank. Whether the bank is simply enjoying the halcyon days of a protected environment, or like the camel on its logo, has real staying power, will soon become apparent as the government is not only opening the door to foreign...
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