VOL. XXXVI
NO. 3
19-OCTOBER-1992
Financial and Banking News
REGIONAL BANKING
Kuwait Asia Directors Take Formal Decision to Close
Shareholders of Bahrain-based Kuwait Asia Bank decided on 11 October to putthe bank into liquidation with immediate effect. The winding down process isexpected to take about two years. The bank has been operated on a care andmaintenance basis for the last 18 months (for background see MEES, 10 June1991). Kuwait Asia is majority owned by Kuwaiti financial entities, with...
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