Middle East Economic Survey
VOL. XLVII
No 32
09-August-2004
REGIONAL BANKING
BNP Paribas Receives Approval To Open Kuwait Branch
Frances BNP Paribas is the first foreign bank to be given initial approval to open a branch in Kuwait by the Central Bank of Kuwait (CBK), said KUNA, although the license requires cabinet approval. The move follows a parliamentary ruling in January allowing foreign banks to operate in the country, which is part of the extensive reforms being introduced to the Kuwaiti...
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