Wednesday 16, January 2013 by Robin Amlôt

Kuwait credit bounces back in November…

Bank credit in Kuwait saw a noticeable increase in November following a large drop in October, according to analysis by NBK Economic Research. This further bolstered credit growth in 2012, which was generally stronger than the previous year. Growth has been largely driven by personal facilities while corporate credit has remained relatively subdued. Credit to the nonbank financial sector continued to weigh down on total credit.

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