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...