VOL. XXXVI

NO. 23

8-MARCH-1993

Financial and Banking News

REGIONAL BANKING

National Bank of Kuwait Relinquishes Arranger's Role for al-Ghanim Loan

National Bank of Kuwait (NBK) sent faxes to Kuwaiti banks at the end ofFebruary to tell them that it would no longer be acting as the arranger for aKD6.5mn loan for the local Yusuf Ahmad al-Ghanim company. Bankers say that NBKwas having problems persuading banks to agree to the loan, largely because theywere unhappy about the collateral which the company...