Sunday, September 18, 2005

Citibank in Kuwait

So Citibank will open in Kuwait, plus 3 other foreign banks.

If anyone knows the other 3 , please mention them, it will be of help. Thank you.

Form the weekly Kuwaiti Cabinet statement:
وقال ان المجلس اطلع على تقرير بنك الكويت المركزي في شان الطلب الذي تقدم به (سيتي بنك) لافتتاح وتشغيل فرع مصرفي له في دولة الكويت ونظرا لما يمثله ذلك من اضافة طيبة تعكس مكانة الوضع الاقتصادي في البلاد فقد قرر المجلس الموافقة على طلب (سيتي بنك) لاقامة فرع له في دولة الكويت


Sources:
Reuters (English)
KUNA (Arabic)

8 comments:

UzF said...

CBK already approved for BNP Paribas and HSBC to operate.
not sure about a fourth one though, it's most likely an Arab bank (saudi) or ABN Amro.

Purgatory said...

Sweet.

don_veto said...

HSBC will be opening in the free trade zone in Kuwait.

I don't think it will be a retail bank becasue they don't have the retail network but rather a private and commercial bank instead.

nibaq said...

Rumors I have heard are that an Arab bank maybe from UAE will by buying BKME and entering the retail market.

Spontaneousnessity said...

a7san

W. said...

mabrook

3ogbalna.. although SAMBA (Saudi American Bank) is supposidly affiliated with it.

walla ma yndra :\

We'll see

Q said...

yeah i also heard BMKE will be bought out by AUB, Ahlu United Bank, from Bahrain, not UAE.

iDip said...

Thanks all,

to wrap it up :)

BNP
Citibank
HSBC
Abu Dhabi Bank