KFH
KFH
-0.37%
800.00
-3.00
KFH
Mubasher: The banks in Kuwait posted a growth of 3.3% in credit value at KWD 34.4 billion in February; the lowest credit growth in five years, according to a recent report issued by Kuwait Finance House (KFH).
The granted loans edged up by 0.6% in February when compared to KWD 34.2 billion in January.
The personal granted loans rose by 2.8% on an annual basis to KWD 14.4 billion, forming 41.8% of the overall credit value, KFH’s report said.
On the sector level, the oil and gas segment posted a year-on-year surge of 86.5% to KWD 1.2 billion in February, accounting for 3.5% of the total granted loans.
Source:
Mubasher