Gulf Bank reassures stakeholders, customers after a service disruption
Kuwait`s Gulf Bank sought to reassure stakeholders after a service disruption to its network that it said could lead to losses for the bank of up to 2.8 million Kuwaiti dinars ($9.22 million), the bank said on its Twitter account on Saturday.
"Based on our current assessment, this service disruption may result in a maximum potential loss to the bank of 2.8 million dinars. To give all our stakeholders comfort, this amounts to only 0.4 percent of our capital", it said .
The bank reassured customers that the disruption did not affect customers accounts.($1 = 0.3037 Kuwaiti dinars)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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