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FINANCIAL NEWS
6.4 percent loan growth in Kuwait
03 Aug 2013
(MENAFN) In May of this year, loan growth in Kuwait reached its highest since November 2009. Loan growth climbed by 6.4 percent year-on year compared to year-on year in April 2013, Kuwait Finance House report ed.
Personal loan growth and consumer loan growth increased by 12.4 percent and 16.2 percent respectively year-on year in May. Personal loan growth hit USD36.8 billion.
In the same month, construction loan growth was at 11.3 percent year-on year up from 5.5 percent year-on year in April. Meanwhile, real estate loan growth was up by 6.9 percent in May hitting USD25.6 billion.
Personal loans and real estate loans comprise 37.8 percent and 26.2 percent respectively of total loans.
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