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...