Kuwait’s banking sector projects a resilient future outlook, ensuring stability and growth – Arab Times Kuwait News
- Date: 22-Jun-2023
- Source: Arab Times Kuwait
- Sector:Financial Services
- Country:Kuwait
Kuwait’s banking sector projects a resilient future outlook, ensuring stability and growth – Arab Times Kuwait News
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KUWAIT CITY, June 14: The global credit rating agency, Moody’s said Kuwaiti banks have a sound capital and strong liquidity — the two factors that favors a stable future outlook for banks, in the midst of Kuwait expecting to record a moderate growth in the non-oil economy, reports Al- Anba daily. The agency indicated the total assets of Kuwaiti banks is $375.27 billion, topped by Kuwait Finance House with $120.79 billion, followed by the National Bank of Kuwait with $118.73 billion, the Boubyan Bank with $25.75 billion, and Burgan Bank with $23.41 billion, and then the Gulf Bank with $22.38 billion, Al Ahli Bank of Kuwait with $20.98 billion, Ahli United Bank with $15.39 billion, Commercial Bank of Kuwait with $14.08 billion, and finally Warba Bank with $13.72 billion.
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