VOL.XXXVI

NO.48

30-AUGUST-1993

Financial and Banking News

KUWAITI FINANCE

KuwaitBanks To Issue Half Year Figures From Next Year

The Central Bank of Kuwait and theheads ofthecountry's

commercial banks have agreed that thebanks will issue half yearfigures,startingon 30 June 1994.As part of this

development,the Central Bank will announcetheinterest rate which it will pay on its debtbonds by the end of June

eachyear. Hitherto,theinterest rate on thebonds has been announced shortly before thebanks issue...