close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Bahrain’s ABC says no debt deal with Kuwait’s ILIC

Last week, Kuwaiti newspaper al-Seyassah citied a source saying that ABC had agreed to write off 90 percent of the $120 million in debts owed to it by ILIC.

0

June 26, 2011 12:50 by



Bahrain-based Arab Banking Corporation (ABC) said on Sunday that it did not reach an agreement with Kuwait’s International Leasing and Investment Company (ILIC) to write off debt.

Last week, Kuwaiti newspaper al-Seyassah citied a source saying that ABC had agreed to write off 90 percent of the $120 million in debts owed to it by ILIC.

“ABC acts as agent for a syndicate of banks that provided loans to ILIC totalling $120 million. The exposure of ABC to ILIC is only a small proportion of this amount. No agreement has been reached with ILIC to write off any of the debt,” said the bank in a statement to the bourse.

(Reporting by Angie Galal; Editing by Amran Abocar)



0

Tags: , ,

Leave a Comment