Friday, 2 January 2009

Kuwaiti banking sector robust

The Central Bank of Kuwait has announced that Kuwaiti bank assets are 40 billion dinars ($144 billion), their highest-ever average. Bank assets increased 12.6 percent n 2008. The figures included claims on the government which came to two billion dinars, as well as foreign assets (9.8 billion dinars), local interbank deposits (739 million dinars), and other assets.

The good news is only overshadowed by the fact that credit facilities are also on the rise.

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