Central Bank of Kuwait looking into 4 bank merger requests?

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Submitted by DA on Monday, 27 October 2008No Comment

Now this is getting more interesting …apparently unknown sources are claiming that atleast 4 banks in Kuwait are looking for merger(s). Now who could these banks be? Well we have limited number of banks only in Kuwait so to say 9 banks only. So if 4 are requesting mergers we are looking at half of banking industry in Kuwait for merger(s). Other unnamed sources are claiming that the govt may offer as much as KD 2 Billion in rescue injections.