Sunday 23 January 2011

Kuwait Finance House Seeks to Reverse Provisions, Al-Watan Says - Bloomberg

Kuwait Finance House is awaiting central bank approval to reverse about 21 million dinars ($75 million) of provisions, which would be added to the bank’s 2010 results, Al-Watan reported, citing people familiar with the matter.

A Kuwait Finance spokesman was not immediately available for comment when contacted by telephone.

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