VOL. XLIII

No. 25

19-June-2000

BANK RESULTS

Kuwaits Banks Record Mixed, Sometimes Sluggish Performance...

Kuwaits commercial banking sector recorded a mixed performance at the end of 1999, with sectoral profits up by 12.4% but disparities between banks. The average rise in profits for the seven banks included in this survey was 20.5%, but there were large variations in the performances of individual banks. Al-Ahli Bank recorded a 93.9% upturn in profits and the Commercial Bank of Kuwait an 83.5%...