By Andy Sambidge
UAE bank becomes seventh non-national bank to start ops in Kuwait.
is set to start operations in Kuwait and it was confirmed it had been registered with the Central Bank of Kuwait (CBK).
Sheikh Salem Abdulaziz Al-Sabah, governor of the CBK, said the branch would "execute traditional banking operations".
is the fourth bank operating in the Gulf Cooperation Council to be registered with the CBK, he said, adding that it followed registrations for the
National Bank of Abu Dhabi
, KUNA News Agency reported.
is the seventh non-national bank branch to be registered with the CBK since legislation was introduced which allowed for presence of foreign banks in the Kuwaiti banking sector.