Kuwait-Mubasher: The private sector's deposits in foreign currencies in the Kuwaiti banks increased by 16.7% (KWD 636 million) month-on-month to KWD 4.4 billion in April. The public sector's deposits reached nearly KWD 5.2 billion, Kuwait Finance House (KFH) said in its monthly report.

The deposits represent 68.7% of the local banks' consolidated balance sheet, while the credit declined to represent nearly 79.6% of total deposits.

The deposits of public and private sectors reached KWD 39.1 billion in April, rising 4.3% over the figure recorded in the same month a year earlier, the report stated.

The credit increased by less than 1% or KWD 44 million m-o-m to KWD 31.1 billion, and 5.7% or KWD 1.7 billion y-o-y in April.