VOL. XLIII

No. 05

31-January-2000

GCC

Latest Gulf Bank Results Continue Positive Trend

Defying predictions that sizeable investments in Y2K compliancy and the tail-end of low oil prices would affect 1999 Gulf banks profits negatively, the latest series of results from the regions banks continues the upward trend of earlier reports (MEES, 24 January). All five of the banks that recently released their financial reports recorded increases in profits ranging from 8-38.6%.

  • National Bank of Kuwait...