Financial and Banking News
Commercial Bank Of Kuwait Returns To Profit
Commercial Bank of Kuwait (CBK) has declared a profit of KD10.6mn ($35.5mn)for 1992, compared to a loss for the two years 19901/91 of KD86.2mn. The bank isthe sixth Kuwaiti commercial bank to declare its results for 1992. All havedeclared a profit. The only one not to have released figures is Al-Ahli Bank.
CBK's return on average assets and equity were 0.79% and 13.26% respectively....