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Islamic Finance Briefing - Categorized | Banking, Finance more

Kuwaiti banks provisions totalled $2.6bln during 2009

Posted on 10 September 2010

From Menafn.com: The financial turmoil has put most of the markets and firms across the globe under a test of endurance and buoyancy. The unforeseen crisis hit sectors harder than ever expected and thereby resulted in a deterioration of a majority of global economies.
The snow ball effect of the bubble revealed the vulnerabilities in the financial sector, requiring countries to undertake exceptional stabilization measures to prevent its financial systems from crashing and minimize the losses brought about by the downturn……………………………………….Full Article: Source

 
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