Kuwait national bank senator says too soon for banks to suspend 2020 profits

Kuwait national bank senator says too soon for banks to suspend 2020 profits

The senator said there is no worry for the Kuwaiti dinar

DUBAI: Kuwaiti banks can keep on conveying profits for 2019 and it is too soon to approach them to suspend profits for 2020, the legislative leader of the national bank of Kuwait said on Sunday, addressing Al Arabiya TV.

“The conversion standard framework is fantastic and there is no dread for the Kuwaiti dinar,” said the representative, Mohammad al-Hashel, including that banks’ normal capital ampleness proportion was over 18 percent.

The base proportion has been decreased to 10.5%, the representative said.

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