Financial and Banking News

Bank Results

Kuwait's Commercial And AlAhli Banks Show Profit Increases

Commercial Bank of Kuwait and AlAhli Bank, the weakest of the Kuwaiti banks,have reported increased profits for 1993, although in both cases the fact thatthey are able to declare a profit at all owes a lot to the write-back ofprovisions from previous years. Nevertheless, both banks are issuing dividends(a move which has to receive at least tacit approval from the...