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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration, Performance

Kuwait banks may face decline in asset quality and profitability

Posted on 30 August 2010

From Gulfnews.com: Kuwait has one of the strongest sovereign balance sheets in the region with very little debt and foreign assets worth over $284 billion, or 238 per cent of GDP at end 2009. These are mostly managed by the Kuwait Investment Authority (KIA), the sovereign wealth fund, and the Central Bank of Kuwait (CBK).

According to Moody’s Kuwait’s fiscal and current account surpluses were impressive despite some adverse effects from the recent global financial crisis…………………………………….Full Article: Source


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