Middle East Economic Survey

VOL. LIII

No 52

27-Dec-2010

KUWAIT

Credit Growth In Kuwait Stabilizing, Says NBK

Following a slowdown over the first three quarters of 2010, credit growth has somewhat stabilized in recent months, registering a 0.7% year-on-year rise in October, the National Bank of Kuwait (NBK) said in its October 2010 Economic Brief, released on 13 December. To date, credit has remained almost unchanged this year, down 0.1% or KD14mn ($49.3mn), while household/consumer credit,...