x Abu Dhabi, UAEFriday 21 July 2017

Kuwaiti banks' prospects rise

Banks and other financial companies in Kuwait are starting to glimpse recovery after taking one of the region's worst beatings during the financial crisis, analysts say.

Annual profits up Financial companies finally starting to recover from crisis Asa Fitch Banks and other financial companies in Kuwait are starting to glimpse recovery after taking one of the region's worst beatings during the financial crisis, analysts say. With only one of Kuwait's eight listed banks still to report financial results for last year, total profits at listed banks for the period amounted to 236.8 million dinars (Dh2.99 billion), up from 57.8m dinars in 2008.