- About GSN
- Contact us
Kuwait Projects Company (Kipco) subsidiary Burgan Bank said on 10 January that it had gained approval from Central Bank of Iraq (CBI) to sell its 51.8% stake in Bank of Baghdad to Amman-based Jordan Kuwait Bank (JKB). The value of the transaction was not revealed, but Burgan said it would help it to avoid a rise in its non-performing loans ratio.
(Access to one GSN article)
Subscribe to Gulf States Newsletter