Kuwait

John R. Presley and Rodney Wilson
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John R. Presley: Loughborough University
Rodney Wilson: University of Durham

Chapter 3 in Banking in the Arab Gulf, 1991, pp 46-66 from Palgrave Macmillan

Abstract: Abstract Kuwait has the most developed banking system in the Arab Gulf, with virtually all family heads having bank accounts, and most businesses looking to banks for at least some of their financing needs. The ratio of aggregate bank deposits to gross domestic product is over twice the Saudi Arabian level, an important indicator of the extent to which the banking habit has caught on within the country. The National Bank of Kuwait, the leading domestic bank, is the third largest in the Gulf in terms of both assets and deposits, and other Kuwait banks such as the Gulf Bank, the Commercial Bank of Kuwait and the Al-Ahli and Burgan Banks are major forces in regional banking. Four of the top ten Arab Gulf banks are Kuwaiti, which demonstrates the significance of Kuwait based banks.

Keywords: Stock Market; Middle East; Commercial Bank; Bank Lending; Islamic Banking (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10791-9_3

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DOI: 10.1007/978-1-349-10791-9_3

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