Kuwaiti banks appoint consultants to study merger

Kuwaiti banks appoint consultants to study merger

Gulf Bank and Warba could merge Advisers include McKinsey and PwC Opportunities for expansion Gulf Bank and Warba Bank, both listed on Boursa Kuwait, have announced that the Kuwaiti central bank has approved the appointment of consultants to conduct feasibility studies and due diligence on their potential merger.  The two banks agreed in May to undertake a feasibility study and due diligence on a proposed merger, which offers growth and expansio…