VOL. XL

No. 50

15-December-1997

GCC

GCC Banks: International And Consumer Loan Concerns Cloud Strong DomesticPerformance

As GCC banks approach the end of the financial year, many will be contemplatingimproved earnings against 1996 although others - probably the larger banks - will not havebeen left unscathed by the problems currently afflicting South Korea, Thailand and otherSoutheast Asian economies. South Korean contractors have been active in the Gulf for manyyears and GCC banks have...