NO. 19


Financial and Banking News

Bank Results

National Bank Of Kuwait Posts 22% Increase In Profits

National Bank of Kuwait (NBK) has declared profits of KD52mn ($174mn) for1993, an increase of 21% over 1992. The directors are proposing a cash dividendof 23%, compared to 20% in 1992. The bonus share issue of 10% remains the same.Assets grew by 8.3%. Full figures will be released in advance of NBK'sshareholders' meeting, which is expected to take place around the first...