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Gulf Bank 9-month provisions hit $466m
- Kuwait: Monday, November 09 - 2009 at 08:44
Kuwait's second- biggest lender by assets, Gulf Bank has said it had made provisions of ($466m) in the first nine months, Al-Qabas has reported, citing CEO Michel Accad. Last month, the lender reported a 98% drop in third-quarter profit on provisions for bad loans.
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