| 24.03.2009 - Gulf Bank posts $5.5mln loss in Jan |
| From Tradearabia.com: Kuwait's troubled Gulf Bank made a net loss of 1.6 million dinars ($5.52 million) in January, a relative improvement on major fourth-quarter losses brought on by derivatives deals. Kuwait's fourth-largest bank by market value posted a fourth-quarter loss of 445.5 million dinars on Saturday, blaming the derivatives losses that triggered a central bank rescue last year as the global financial crisis hit the world's top oil-exporting region.....Full Article: Source |