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FINANCIAL NEWS
Kuwait sustains steady financial system amid global turmoil
05 Nov 2015
(MENAFN) Moody’s Investors Service has kept its stable viewpoint on Kuwait’s banking system, showing the rating agency’s expectation of sustained government spending.
More on the matter, nonperforming loans (NPLs) will deteriorate to around 3 percent of gross loans for 2015/16 from 4 percent for rated banks at the end of the previous year.
Moreover, the local financial institutes have made significant progress in rehabilitating their loan books while benign operating conditions will help contain new problem loan formation.
Furthermore, Kuwait’s banking system will preserve its substantial loss absorption capacity, underpinned both by robust capitalization levels and improving overall loan-loss reserves.
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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