Middle East Economic Survey
NBK Says Loans To Personal Facilities Drive Accelerated Credit Growth In Kuwait
Kuwaits credit growth accelerated in June, driven mainly by loans to personal facilities, according to the latest Economic Brief published by the National Bank of Kuwait (NBK) on 11 August. However, money supply (M2) witnessed a 0.1% contraction month-on-month in June. Quarterly, M2 growth in 2Q09 registered its slowest expansion since 4Q05, in contrast with...