Gulf Bank KSC plans to maintain “aggressive” provisions for bad loans this year as Kuwait’s second-biggest lender by market value recovers from $1.3 billion in losses on derivatives trading, Chief Executive Officer Michel Accad said.
“We need to continue to be aggressive because I really don’t think it’s the end of the crisis in the region,” Accad said in an interview today at the bank’s headquarters in Kuwait City.
Specific provisions are forecast to be reduced over time and provisions next year will be less than in 2011, he said. “The provisions of this year will not be very much different from last year” and are predicted to be the same order of magnitude, Accad said.
ReplyDeleteI am a private loan lender which have all take to be a genuine lender i give out the best loan to my client at a very convenient rate.The interest rate of this loan is 3%.i give out loan to public and private individuals.the maximum amount i give out in this loan is $1,000,000.00 USD why the minimum amount i give out is 5000.for more information contact us email;perfectfinancialcredite@gmail.com
Your Full Details:
Full Name :………
Country :………….
state:………….
Sex :………….
Address............
Tel :………….
Occupation :……..
Amount Required :…………
Purpose of the Loan :……..
Loan Duration :…………
Phone Number :………
Contact email;perfectfinancialcredite@gmail.com