Kuwait's Warba Bank syndicating $250 mln Islamic loan

10/10/2017 14:57 AST


Reuters

News

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The new Islamic banking entity resulting from the merger of Kuwait's Warba Bank and Gulf Bank will be able to grow for about ten years without raising capital, Warba's chief executive said.

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Fitch Affirms Warba Bank at 'A+'; Upgrades VR to 'bb-'

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Fitch Ratings has affirmed Warba Bank's (WB) Long-Term Issuer Default Rating (IDR) at 'A+'; the Outlook is Stable. Fitch has also upgraded the bank's Viability Rating (VR) to 'bb-' from 'b+'.

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