Financial and Banking News
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...