Financial and Banking News
BKME Records Small Net Profit
Bank of Kuwait and the Middle East (BKME) has declared a net profit ofKD1.6mn ($5mn) for 1992 but remains a deeply troubled financial institution. Ithad an operating loss of KD412,000. The bank has been drifting rudderless forsome time in anticipation of a merger with Burgan Bank, which is a much strongerinstitution. However, it is up to Burgan to take the initiative on the merger,and for the...