Financial and Banking News
Kuwait's Gulf Bank Turns In Solid Performance For 1992
The Gulf Bank, Kuwait's second largest commercial bank, has declared profitsof KD14.9mn ($49mn) for 1992, well ahead of the KD8.6mn declared for 1989, itslast normal year of operation. The bank showed a loss of KD80.2mn for the twoyears 1990-91 due to the effects of the Gulf War and the writing off of baddebts in accordance with the Central Bank's support plan. Gulf Bank...