Kuwaits Banks See Profits Climb In 2002 Despite Interest Rate Slide
Kuwaits banks took tough operating conditions in their stride in 2002 and collectively managed to extend the trend seen over the last three years and post yet another increase in profits. They were helped as the Kuwaiti economy benefited from robust oil prices and UN Compensation Committee (UNCC) payments, with a number of them also seeing upgrades from the rating agencies as the...
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