VOL. XXXVI

NO. 44

2-AUGUST-1993

Financial And Banking News

BANK RESULTS

KuwaitFinance House Declares Profit For 1992

KuwaitFinanceHouse(KFH)has shown profits of KD8.8mn

($29mn) for 1992, comparedto a loss of KD15.9mn ($52.7mn) in the two years 1990/91. The 1992results show a return on

averageassetsof0.77%,whichis lower than the three other Kuwaiti banks that have reported1992results.The

return on average equity was high at22.86%, reflecting the bank'slowcapitalization.A bonus share issue of 12% is

...