VOL. XLV

No 16

22-April-2002

KUWAIT

CI Says KuwaitiBanking Trends Positive, Adjusts Some Ratings Upwards

Ratings agency Capital Intelligence (CI) said in a statementissued on 15 April that it considers the overall trends within the Kuwaitibanking system to be positive and that asset quality at five of the sixcommercial banks has improved. Quoting its most recent sectoralreview, the agency said that loan provisions and collateral coverage remainstrong and all Kuwaiti banks have strong capital...