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Kuwait Business and household credit growth strengthened in Q3

Domestic credit growth was a lackluster 0.4 in Q3, resulting in a 2.5 YTD increase. Headline growth in Q3 was negatively impacted by a plunge in lending to banksfinancial institutions (-12 qq) while underlying growth in terms of business and household lending was robust and stronger than in Q2.

Posted by Hicham ALAOUI RIZQ on 2024, Nov 04

Introduction

Domestic credit growth was a lackluster 0.4 in Q3, resulting in a 2.5 YTD increase. Headline growth in Q3 was negatively impacted by a plunge in lending to banksfinancial institutions (-12 qq) while underlying growth in terms of business and household lending was robust and stronger than in Q2.

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