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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
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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