By: Ahmad Awad
Kuwait-Mubasher: A number of Kuwaiti banks are planning to issue new bonds in the second half of 2016 to enhance their capital base according to Basel III requirements and the rules of Kuwait’s central bank, sources told Mubasher.
Two Kuwaiti banks are in talks with investment companies to manage for marketing and selling the planned bonds. The banks will start the issuance procedures once approved by their respective shareholders, added the sources.
Warba Bank tops Kuwaiti lenders in terms of Capital Adequacy Ratio (CAR) with 26.3%, while Gulf Bank of Kuwait and Ahli United Bank tailed the list with 15.4% and 15.68% respectively.
