September 29, 2021

576 million dinars rise in loans in 5 months… and 1.57 billion in deposits


– 30 million decrease in credit facilities in May, and deposits increased by 159 million
– 84 million increase in personal loans on a monthly basis
– 109 million increase in installment loans and 15 million in “consumer loans”
– 159 million growth in private sector deposits, and “government” deposits increased by 700 thousand

The total credit facilities granted by local banks amounted to about 40.342 billion dinars at the end of last May, recording a decline on a monthly basis by about 30 million (-0.07%), while its growth reached 576 million dinars since the beginning of this year (+1.45 percent). On an annual basis, credit facilities increased by 1.081 billion (+2.75 percent).

The monthly statistics issued by the Central Bank of Kuwait yesterday indicated that total deposits increased by 159 million dinars (+0.37%) in May 2021 compared to last April, to reach 43.707 billion dinars, while the decrease in deposits in the first five months of this year amounted to about 1.568 billion (-3.46 percent), while the decline in deposits amounted to about 1.015 billion (-2.27 percent) compared to their balance at the end of May 2020.

Khaled the cheap

Government Withdrawals

Government deposits amounted to about 7.091 billion dinars in May, a slight increase of 700 thousand dinars, or 0.01 percent from their level in April, while the government’s withdrawals from its deposits amounted to about 852 million since the beginning of this year, as those deposits decreased -10.73 percent compared to their level of 7.943 billion at the end of last December. On an annual basis, government deposits fell by 528 million (-6.93 percent).

The total private sector deposits rose by about 159 million dinars (+0.44 percent) last May, to reach 36.616 billion, compared to 36.457 billion in April, while they decreased by 716 million since the beginning of this year (-1.92 percent). Annually, private sector deposits decreased by 486 million (-1.31 percent).

The private sector’s deposits in dinars reached 34.586 billion, an increase of about 164 million (+0.48 percent) from their level last April, while they recorded a decline of 686 million (-1.94 percent) since the beginning of the year. On an annual basis, they recorded a decline of about 28 million. (-0.08 percent).

The private sector deposits in foreign currencies witnessed a slight decline on a monthly basis by about 6 million dinars (-0.29%) from 2.035 billion in April to 2.029 billion in May, while their decline amounted to about 30 million (-1.46 percent) since the beginning of the year, compared to 2 .059 billion in December 2020, while its decrease amounted to 459 million (-18.45 percent) compared to its level in May of last year of 2.488 billion dinars.

personal loans

The Central Bank’s statistics showed a slight increase in personal credit facilities on a monthly basis by about 84 million dinars (+0.48 percent) to reach 17.713 billion in May, while it rose since the beginning of the year by about 463 million (+2.68%), and recorded a growth of 1.412 billion ( +8.66 percent) compared to its level in May of last year.

Installment loans rose by about 109 million dinars (+0.48 percent) in May, compared to April, to reach 13.16 billion, while it has witnessed a growth of 449 million dinars since the beginning of 2021 (+3.53%), while on an annual basis, the installment loans recorded an increase by 1.265 billion (+ 10.63 percent).

As for consumer loans, they amounted to 1.633 billion dinars at the end of last May, an increase of 15 million (+0.93 percent) compared to April, while it recorded an increase of 26 million (+1.62 percent) since the beginning of the year, while on an annual basis it witnessed an increase of 167 million ( +11.39 percent).

And loans to purchase securities recorded a decline of about 41 million dinars (-1.6%) during last May, to reach 2.525 billion, compared to 2.566 billion in April, while their decline amounted to 54 million (-2.09%) since the beginning of the year, while on an annual basis they decreased 48 million (-1.87 percent).

Real estate loans have risen by 0.35 percent since the beginning of the year to reach 9.258 billion dinars, while the construction sector loans have witnessed a decline of 1.05 percent on a monthly basis and 0.48 percent since the beginning of 2021 to reach 1.879 billion. 22.34 decline in loans to investment companies

On an annual basis, loans provided to non-bank financial institutions (investment companies) decreased by 22.34 percent, from 1.206 billion dinars in May 2020 to 936.6 million at the end of last May. Those credit facilities rose 0.76 percent on a monthly basis, while they fell by 4.55 percent since the beginning of the year.

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