NO. 28


Financial and Banking News

Bank Results

UBK Reports 36% Profit Increase

London-based United Bank of Kuwait (UBK) has reported profits of œ10.2mn for1993, a 36% increase on the previous year. As a result, the bank is planning adividend of œ7.7mn. UBK's General Manager, Mr. Christopher Keen, says thatresults during the first quarter of the present year have been encouraging andthat the prognosis for the year as a whole is good.

The 1993 figures show the bank continuing...