Kuwait securities lending slips in credit to households
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Kuwait securities lending slips in credit to households 07 June 2018Kuwait City Reporter: Jenna Lomax
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Growth in credit to households including securities lending slipped to 3.7 percent in March year on year from 4.3 percent in February 2018, according to a new report by The National Bank of Kuwait.
Securities lending counts for around 17 percent of consumer lending in Kuwait but is now down 10 percent year on year.
Meanwhile, growth in credit to households excluding lending for securities purchase, which typically drops at the end of the quarter, stood at a solid 7.1 percent year on year, slightly down from February鈥檚 7.4 percent.
The report also found there was also softness in deposit growth, which declined to an 18-year low of 0.5 percent year on year from 2.5 percent in February.
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