Kuwaiti daily newspaper al-Seyassah said on Saturday in a report, citing unnamed parliamentary and economic sources, that several lawmakers were planning to investigate derivatives trading by some banks. The trades took place away from the central bank's supervision, it reported, and put clients' deposits at risk.
"NBK does not engage in any derivative trading at all and has no exposure whatsoever to these instruments," Kuwait's biggest lender said in a statement on the bourse website on Sunday, reiterated by a similar statement by KFH.
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