KIPCO Cites Obstacles To Kuwait Bank Merger Plan But Stresses Resolve
The Kuwait Investment Projects Company (KIPCO) has admitted that it is facing difficulties in implementing its plans to merge Burgan Bank, the Bank of Kuwait and the Middle East (BKME) and al-Ahli Bank, a move that is widely viewed as having a positive overall impact on the state of Kuwait's banking sector.
Mr. Faisal al-'Ayyar, Managing Director of KIPCO, said in an interview...
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