VOL. XXXVI

NO. 4

26-OCTOBER-1992

Financial and Banking News

REGIONAL BANKING

Commercial Bank of Kuwait Declares Loss and Faces Huge Earnings Challenge

Commercial Bank of Kuwait (CBK) has declared a loss of KD86.19mn ($293mn) forthe two years to 31 December 1991. The loss will be covered from reserveswithout reducing share capital. CBK is the fourth Kuwaiti commercial bank todeclare figures for 1990-91. Burgan Bank and Bank of Kuwait and the Middle Eastdeclared losses (MEES, 21 September) and...