Kuwait: Loans up 3.93 % compared to 1.55% residents deposits in H1

Kuwait: Loans up 3.93 % compared to 1.55% residents deposits in H1

During the first half of the year total deposits from residents increased by approximately 1.98 percent, reaching 47.839 billion dinars by the end of last month. This was a rise from 46.91 billion dinars at the end of December 2022, and an annual increase of around 1.55 percent compared to the level at the end of June the previous year, which was 47.108 billion dinars, reports Al- Rai daily.

According to the monthly statistics issued by the Central Bank of Kuwait, the Al-Rai daily said, deposits of public institutions decreased by about 9.95 percent during the first half, amounting to 6.085 billion dinars, down from 6.757 billion at the end of the previous year. On the other hand, government deposits increased by 16.05 percent, reaching 3.876 billion dinars, compared to 3.34 billion in the previous year by the end of December 2022.

Deposits

Private sector deposits totaled approximately 37.876 billion dinars at the end of last month, marking a 2.89 percent increase during the first half compared to 36.812 billion dinars at the end of last year. Among these, private sector deposits in dinars increased by 3.34 percent, going from 35.037 billion dinars to 36.206 billion dinars. However, deposits in foreign currencies decreased