Kuwait Private Sector Deposits Rise

  • Kuwait, State of Kuwait
  • 12 October 2018

Kuwait's private sector deposits increased by KD 1.179 billion from 35.022 billion since the beginning of this year until the end of August, while the balance of January was 36.201 billion, an increase of 3.3 percent. This means that private sector deposits Increase at a monthly rate of 147.375 million dinars.
Total private sector deposits with the government at the end of August amounted to KD 42.8 billion, up from 41.622 billion in January, an increase of 1.178 billion and a 2.8 percent growth. On the other hand, the total balance of government deposits at the end of August amounted to 6.599 billion dinars compared to 6.6 billion dinars in January, noting that the highest level of government deposits was in June last year amounted to 6.948 billion and then took a gradual decline.

Source (Economic Bulletin website, Edited)