Kuwait – Mubasher: The Central Bank of Kuwait (CBK) issued a circular to local banks, setting the loan-to-deposit ratio at 90%, instead of the current ratio that ranges between 75% and 100% according to maturity periods of financing sources.
The circular, which was directed to all Kuwaiti banks except for Industrial Bank of Kuwait (IBK), will be effective as of next October. It excludes bank deposits from financing sources for the purpose of calculating the maximum limit available for financing awards.
The central bank requested all banks to provide it with monthly data about the maximum limits for financing awards.
