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FINANCIAL NEWS
Kuwait credit increases by 6.5 percent in Nov
24 Jan 2016
(MENAFN) Kuwait’s credit viewed a positive increase in Nov 2015, with growth slipping to 6.5 percent yearly, which grew by USD 619.3mn through the cited month.
Moreover, household debt continued to see healthy grow in Nov, personal facilities without loans for the purchase of securities valued USD 350.6mn in Nov.
However, shorter term consumer loans, used to finance car and other consumer goods purchases, were flat, longer tenor installment loans continued to grow by 15.9 percent.
In addition, business credit, which excludes loans enlarged to investment firms, increased by USD 304.7mn, with growth slipping to 4.2 percent yearly.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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