Middle East Economic Survey


No 27



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...