From Agence France-Presse: Kuwaiti Islamic lender Boubyan Bank announced on Wednesday it had posted a loss of 179 million dollars in 2009 against a profit of 6.4 million dollars the previous year.

The bank in a statement posted on the Kuwait Stock Exchange website gave no reason for the huge loss but, like other Kuwaiti banks, it has been taking provisions against bad loans…………………………………..Full Article: Source