Kuwait Mortgage Market Hits Kd 22.8m In Jan

04 February 2020 Business

Mortgage loans at Kuwait Credit Bank (KCB) were worth KD 22.8 million ($74.9 million) in January, according to official statistics released by the bank on Monday. KCB’s real estate portfolio was valued KD 128,03 ($422,000), while loans allocated for the construction of private residential units stood at KD 2.1 million ($6.9 million), the statistics showed. Loans for government-owned properties hit KD 12.7 million ($41.7 million) it added.

 

SOURCE : ARABTIMES

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