Kuwaiti banks’ credit growth hits record levels in February – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
- Date: 15-Apr-2022
- Source: Arab Times Kuwait
- Sector:Financial Services
- Country:Kuwait
Kuwaiti banks’ credit growth hits record levels in February – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
GOVT CUTS BANK DEPOSITS TO KD 7.17BN
KUWAIT CITY, April 14: Credit at Kuwaiti banks witnessed a monthly increase during February, reaching its highest level in history, recording a level of KD 43.162 billion, an increase of 1.04%, equivalent to KD 448 million, compared to last January, in which credit was at a level of KD 42.714 billion, while credit increased annually by 7.87 %, with a value of KD 3.152 billion, compared to its levels in February 2021, during which the level of KD 40 billion was recorded, according to the data of the Central Bank of Kuwait for the month of February 2022, reports Al- Anba daily.
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