VOL. XXXIX
No. 29
15-April-1996
UAE
Clarification: With reference to the article on page B4 of MEES, 28 March please note that United Bank of Kuwait has pointed out that its return on average equity should have been calculated excluding the subordinated liabilities on which interest is paid at a spread over LIBOR. The returns on average equity for the period 1991 to 1995 should read 9.25, 6.00, 7.86, 8.53, and 6.10 respectively.
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