24.02.2010 - Kuwait's Gulf Bank narrows 2009 loss
From Thepeninsulaqatar.com: Kuwait's Gulf Bank, in which sovereign wealth fund Kuwait Investment Authority (KIA) owns a 16 percent stake, expects to make an operating profit in 2010 which will help absorb additional provisions, after it narrowed its losses in 2009. Gulf Bank said yesterday it made a net loss of 28.07m dinars ($97.36m) in 2009, after booking 111m dinars against its credit portfolio........................................Full Article: Source
Print