Middle East Economic Survey

VOL. XLVII

No 46

15-November-2004

REGIONAL BANKING

Bank Of Kuwait And The Middle East Secures $150Mn Loan

The Bank of Kuwait and the Middle East (BKME) announced on 10 November that Arab Banking Corporation (ABC), Commerzbank, Dresdner Kleinwort Wasserstein and Gulf International Bank (GIB) had been appointed as mandated lead arrangers for a $150mn three-year term loan facility. The loan, which will be used for general corporate purposes, carries a margin of 37.5 bps...