KIB
KIB
1.80%
170.00
3.00
KIB
Kuwait-Mubasher: Kuwait International Bank (KIB) declared that it is among a bank consortium to arrange for financing the Turkish Bank Al-Baraka with $150 million.
KIB denied being the head of the consortium, confirming that KIB is taking part in a group formed of five banks .
KIB pinpointed that payment arrangements are under discussion and expected to be approved by the Turkish Al-Baraka Bank in a short time.
The International Bank said that the five-bank consortium will offer the finance to other local, regional, and international banks to take part.
Source:
Mubasher