No 48

26 November 2001


NBK Says New Credit FacilityAgreements Hit A Record In September

In its latest (13 November)economic brief on monetary developments, National Bank of Kuwait (NBK) reportedthat September 2001 saw the largest increase in credit facilities to residentsin four years, with lending to the private sector rising by KD193mn ($629.7mn)or 3.5%. However, most of this was offset by a drop in credit to non-residentsof KD153mn ($499.2mn), which NBK believes is possibly...