Kuwait-Mubasher: The credit growth in Kuwait has exceeded most expectations as it ended 2015 at 8%, with a pace specially faster in December, according to a report issued by the National Bank of Kuwait (NBK).
Kuwait’s total credit rose by KWD 632 million during December on large increases in credit given to the industrial sector and stock buyers.
NBK reported that the system liquidity is still “relatively comfortable”, though, it has been witnessing some pressure recently.
“Banks’ liquid reserves (which include cash and deposits with the CBK, as well as CBK bonds) were steady at KWD 5.0 billion in December 2015, or 8.5% of total bank assets, down from 10-11% before the summer,” noted the report.
