Mubasher: Deposits of the private sector in Kuwait registered an increase of 3.2% during January 2018 compared to the same month in the previous year.
The sector’s deposits grew to KWD 35.02 billion ($117 billion) in the first month of 2018, up from KWD 33.93 billion ($113.33 billion) in the same month a year earlier, according to the monthly report by the Central Bank of Kuwait (CBK).
On a monthly basis, deposits’ value decreased by 1.07% in January 2018 compared to KWD 35.40 billion ($118.24 billion) in December 2017.
The public sector’s deposits totalled KWD 6.60 billion in January 2018, 3.5% lower than KWD 6.84 billion in January 2017. On a monthly basis, the deposts decreased by 2.08% in January 2018.
Residents’ deposits enlarged by 2.1% to KWD 41.62 billion in January this year from KWD 40.77 billion in the same month of 2017.
Non-residents’ deposits grew by 26.8% to KWD 4.59 billion in January from KWD 3.62 billion in January last year, the CBK’s report added.
Foreign assets of Kuwait’s banking sector declined by 4.7% to KWD 16.05 billion ($53.52 billion) in January 2018 compared to KWD 16.85 billion ($56.18 billion) in the same month a year ago.
