Credit facilities for banks in Kuwait soars to $5.27bln

In an indication of the relative improvement of economic activity in the country, the credit facilities provided by banks in the local market increased by the end of last November to 1.6 billion dinars,

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compared to 1.09 billion in October, while the total balance of credit facilities for banks reached 40 billion dinars.

The financial statements of the Central Bank revealed that the balance of personal facilities increased by 13.4 million dinars in November, at a rate of 3.4 percent, to record 407.6 million dinars at the end of the same month, compared to 394.2 million in October from 83.1 million dinars in October to 71.3 million dinars,

the facilities provided to purchase “equity loans” securities retreated 0.2%, at a value of 6.9 million dinars, from 2.544 billion dinars in October to 2.551 billion dinars in November.