Middle East Economic Survey


No 29



Credit Growth Recovers Slightly In 2Q10 But Remains Subdued, Says NBK

Kuwaiti credit growth picked up in the second quarter relative to the flat start of the year, the National Bank of Kuwait (NBK) said in its 12 July Economic Brief. Nonetheless, the pace of growth on a year-on-year basis continues to slow down in the absence of any sustained stimulus. The Central Bank of Kuwait (CBK) increased efforts during May to absorb excess...