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...