VOL.XXXVI
NO.48
30-AUGUST-1993
Financial and Banking News
KuwaitiFinance
Kuwaiti Finance Companies To Be Reimbursed ForCar Loans
Kuwait's National Assembly has approved agovernment-funded
write-off of car loans extended byfinance companiesprior to the Iraqi invasion. The move willcost the government in
excessofKD100mn ($336mn),although the exact amount is not known. The government has alreadyfunded a write-off of
consumerloans(includingcarloans)extendedbythe country's commercial banks.This led to...
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