National Bank of Kuwait’s CEO Isam Al Sager said in an interview aired on Al Arabiya television yesterday that "there have to be precautions and provisions if the situation continues with declining asset prices and declining stock markets that would lead to bad results," Sager said. "It would require us to take more provisions."     The comment made by the CEO is in line with our view that Kuwait banks will continue to take precautionary provisions also in 2016, particularly in the current environment of falling equity prices, which reduces the value of collateral. Hence we do not expect a substantial fall in the cost of risk, despite some banks, such as NBK, having now NPL coverage in excess of 300%. (Reuters, Elena Sanchez-Cabezudo, CFA)