Total credit declined by a net KWD
133 million during the month, according to NBK.
Non-bank financials saw an increase in borrowing, with credit gaining by KWD
444 per Sterling Pound, and the rate was unchanged at KWD
The proposed spending figure, which still awaits legislative approval, is 18 per cent lower than the prior year's budget, at KWD
0 per cent y/y with a strong gain of KWD
223 million, though most of it stemmed from lending for the purchase of securities.
Profits before provisions grew by 344 per cent to reach KWD
Non-bank financials saw a decline of KWD
37 million in credit.
Non-bank financials saw an unusual increase of KWD
21 million in credit, despite the deleveraging trend that has characterized the sector over the last few years.
The statement said that Al Madina has sold a plot of land in Abu Dhabi in the UAE 'in order to begin the implementation of the first phase of the settlement with Boubyan Bank, accordingly the bank is bearing the remaining liability related to the land amounting to KWD
1,203,451, reducing the company's liability by this amount.
Kuwait's current account surplus eased slightly to KWD
Emad Al-Thaqeb, Chairman of Warba Bank, announced that Warba has posted operating income of KWD
Minister of Electricity Mohammed Shaker said the cost of the South Helwan station is EGP 15bn, co-financed by the World Bank with a loan of about $500m, the Islamic Development Bank with $450m, the Arab Fund with KWD
55m, the Kuwait Fund for Arab Economic Development with KWD
30m, and the African Development Bank with $90m.