VOL. XXXVI
NO. 9
30-NOVEMBER-1992
Financial and Banking News
FOREIGN INVESTMENT
Kuwait Finance House and Gulf Bank Make Losses
Kuwait Finance House (KFH) and the Gulf Bank both recorded substantial lossesduring the two years to 31 December 1991, in line with most other Kuwaiti banks.Kuwait Finance House (KFH), which operates as an Islamic Bank, made a loss ofKD15.9mn ($53mn) in the two years to 31 December 1991. The loss has been coveredfrom statutory and general reserves, which are now wholly...
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