Kuwait – Mubasher: The banking sector in Kuwait saw a 4.9% growth in deposits during April as compared to the same month in 2015, with a value exceeding KWD 41 billion, according to a report issued by Kuwait Finance House (KFH).
Deposits from banks’ assets increased 69.2%, while credit improved by 81.8%.
The private sector’s deposits rose 2.1% to KWD 34.6 billion; deposits in local currency stood at KWD 31 billion with an annual rise of 5% and a monthly fall of 1%, while deposits in foreign currencies decreased 18.9% to KWD 3.6 billion, the report added.
Deposits of the government sector exceeded a value of KWD 6.4 billion, soaring 23.5% on an annual basis and 7.3% on a monthly basis.
