Kuwait – Mubasher: The Gulf Bank of Kuwait (GBK) has confirmed the news published in a local newspaper about collecting nearly KWD 120 million debts during 2016.
The news article is only a roundup of previously published information by GBK, according to a bourse statement issued Wednesday.
GBK clarified that any repayment of existing debts or liquidation of guarantees for debts repayment are regular banking transactions.
