No. 37



Burgan Produces Solid Profits As The Immediate Prospects Of Merger Recedes

Burgan Bank, the third largest bank in Kuwait when ranked by equity and one of three banks about which there have been persistent rumors of merger, has reported improved profits for 1995. Net profit for the year was just over KD8mn, an increase of over 78% on 1994, and a cash dividend of KD5.9mn, only the second such dividend of the last five years, is to be paid. The better...