VOL. XXXVII
NO. 34
23-MAY-1994
Bank Results
Bank Burgan Bank Sees Profits Halve As Central Bank Withdraws ResultsSupport Funds
Kuwait-based Burgan bank saw its profits fall by half in 1993, largely as aresult of the withdrawal of Central Bank support funds. The bank was able tomitigate the loss of interest revenue to some extent by increasing non-interestincome, but the net result was still a sharp reduction in overall income.Nevertheless, the bank is to issue an 8% cash dividend, compared to 7.5%...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!