VOL. XLV
No 29
22-July-2002
KUWAIT
NBK Reports $188Mn Profit For First Half 2002
TheNational Bank of Kuwait (NBK) has posted profits for the first half of 2002 ofKD56.6mn ($188mn). According to NBKs CEO, Ibrahim Dabdub, the banks solidperformance is due to its strategy of diversifying income sources and itsconservative risk culture. Globally and domestically, the banking industrycontinues to suffer from a low interest rate environment, economic slowdown andheightened instability in financial...
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