VOL. XXXVIIINO. 531-OCTOBER-1994
Financial and Banking News
Kuwait Banking In The Mid-1990s: Still Seeking Rationalization
An air of unreality pervades Kuwaiti banking. It is a market in which loansto the private sector account for less than one fifth of banking assets butgovernment bills and bonds represent 58%. It is a market which is now 20%smaller than 10 years ago in absolute terms (and in which shrinkage hascontinued during the last two years). The visitor to some bank headquarters...