Financial and Banking News
Interest Rate Of Kuwaiti Debt Bonds Cut To 5.5%
The Central Bank of Kuwait has set an interest rate of 5.5% for governmentdebt bonds outstanding during 1993, it was announced on 2 January. Debt bondsform the largest single item on most banks' balance sheets so the interest rateearned has major implications for a bank's overall profitability. In 1992 therate was 6%, but during the course of 1993 the Central Bank's...