NO. 18


Financial and Banking News

Bank Results

Kuwait's Gulf Bank Increases Profits By 22%

The Gulf Bank of Kuwait has reported profits of KD22.1mn ($73.9mn) for 1994,a 21% increase on the previous year. The chief General Manager, Mr. John Harris,says that all the bank's operating divisions performed well and that it had noproblems with its treasury activity since it had only marginal exposure tointernational securities markets. The directors are recommending a cash...