Kuwait's Gulf Bank looking for Q3 turnaround

20 October 2010

Michel Accad, CEO of Kuwait’s Gulf Bank has said Q3 of this year is expected to be a turnaround quarter

Michel Accad, CEO of Kuwait’s Gulf Bank has said Q3 of this year is expected to be a turnaround quarter as the lender executes a two-year plan to rebuild itself, Reuters has reported. The bank’s 2010-2011 rebuilding plan aims at consolidating its position locally, strengthening its infrastructure and building a “fortress” balance sheet, he said.

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