Wednesday 30 July 2014
International Leasing

ABC denies debt deal with Kuwait firm

Bahrain-based Arab Banking Corporation (ABC) said on Sunday that it had not reached an agreement with Kuwait's International Leasing and Investment Company (ILIC) to write off debt. Last week, Kuwaiti newspaper Al-Seyassah citied a sou


ABC 'writes off 90pc Kuwait firm's loan'

Bahrain-based Arab Banking Corporation (ABC) agreed to write off 90 percent of the $120 million in debts owed to it by Kuwait's International Leasing & Investment Company, a Kuwaiti newspaper reported. 'The company will pay $12

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