DUBAI (Reuters) – 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)
Reporting by Sylvia Westall; Writing by Hesham Hajali; Editing by Edmund Blair