News On LOAN
Expat Loans - 20 Times Of Your Salary With a strategic shift by banks towards financing expatriates and Bedoun residents, banks have decided to relax their strict policy towards financing expatriates and Bedoun residents, and allow the re... November 24, 2022 2153 Category: Kuwait
Credit Bank Needs KD16b To Finance ‘housing Loans’ The Director- General of the Credit Bank, Salah Al- Mudhaf, said the bank responsible for lending money to citizens to build and renovate their homes needs 16 billion dinars (52.8 billion dollars) to ... January 31, 2022 138 Category: Business
Average Housing Loan KD 6.3 M/day According to official statistics based on data issued by the Central Bank of Kuwait, the daily average amount of housing loans obtained by Kuwaiti citizens from commercial banks in Kuwait during the m... October 22, 2021 298 Category: Business
Loan Defaulter Offers To Clear Debt Of 2,000 Other Defaulters A Kuwaiti defaulter on a personal loan has offered to help 2,000 citizens repay their loans, local media reported. Ahmed Al Rasheed, who asked Kuwaiti defaulters to pay him a nominal monthly amount... October 10, 2021 2960 Category: Crime News
Chinese Bank Offers Kuwait 5 Billion Dinars Loan The China Development Bank in charge of preparing the technical study for the Al-Shaqaya City project has unofficially offered the possibility of lending Kuwait 5 billion dinars, to finance the projec... September 12, 2021 1701 Category: Kuwait
MoCI Plans To Tighten Loan Market The Ministry of Commerce and Industry(MoCI) plans to tighten the loan market through new rules that it plans to put in place to ensure an increase in its presence in all outlets selling consumer goods... September 08, 2021 588 Category: Kuwait
More House Price, More Loan MP Farz Al-Daihani has submitted a bill on amending Housing Welfare Law number 47/1993 in order to increase the minimum value of a citizen’s house from KD300,000 to KD500,000 so that they can ob... August 17, 2021 372 Category: Kuwait
Cabinet Approves Postponing Loan Installments The Cabinet submitted to H H the Amir Sheikh Nawaf Al-Ahmad Al Sabah 3 laws that include a law on financing local banks for clients affected by the repercussions of the Coronavirus crisis, a law on po... April 06, 2021 383 Category: Kuwait
State To Bear KD 600m For Delay In Payment Of Loan Installments The cost to be borne by the state budget for the implementation of the decision to delay loan installments by six months, and for supporting and guaranteeing the financing of entrepreneurs affected by... April 01, 2021 1064 Category: Kuwait
Prime Minister … Hunger Is The Best Sauce HIS Highness the Prime Minister Sheikh Sabah Al-Khaled, kindly pardon me for not being able to attend the meeting you called for the editors-in-chief of local newspapers, which is scheduled for today.... January 27, 2021 427 Category: Kuwait
Irregularities In Payment Of Loan Installments By Kuwaitis And Expats According to informed sources, it appears that “non-performing” consumer loans are witnessing growth, as in the past period, the managers of some credit portfolios detected signs of steady... December 21, 2020 728 Category: Expats
Loan Installments ... Are Back As of yesterday, local banks have resumed deducting loan installments that they had previously ceased to collect, as part of a voluntary initiative in response to the risks of the Corona pandemic, sin... October 20, 2020 1244 Category: Information
State Loan Guarantees-only, Subcontracts SME Support Decision To Bank Discretion Chairperson of parliamentary Financial and Economic Affairs Committee MP Safa Al-Hashem confirmed that the committee met with Finance Minister Barrak Al-Shitan, Central Bank of Kuwait Director Muhamma... October 14, 2020 1520 Category: Economics
Extend Suspension Of Loan Repayments MP Sa’adoun Hammad has asked the government to extend the suspension of collecting loan payments from citizens for another six months. Hammad disclosed several MPs previously submitted propos... October 13, 2020 2631 Category: Economics
Banks Planning To Deduct Loan Installments From Oct Salaries Banks are planning to resume deduction of loan installments starting from October’s salaries, reports Al-Rai daily quoting reliable sources. They indicated that, “There are no directions f... October 10, 2020 2352 Category: Information
Loan Installments Starting From October And No Instructions To Postpone Them Again Arabic local newspaper Alrai reported that It indicated that “the only solution that could have motivated banks to postpone the installments is for the state to bear the cost of this decision, w... October 06, 2020 1441 Category: Information
Banks Hunting Down Expat Loan Defaulters In Their Countries There has been an increase in the number of expats whose residence expired as they are stranded in their home countries. This doesn’t mean that those who have taken loans have been wai... October 05, 2020 4448 Category: Expats
Assembly Set To Take Up SMEs Loan Bill – Term Ends Thursday Member of Legislative Affairs Committee MP Majed Al-Mutairi revealed the committee held a supplementary meeting recently in the presence of Finance Minister Barrak Al-Shitan, Minister of Commerce and ... September 29, 2020 415 Category: Information
Banks Reject Deferral Of Loan Repayments Government recently rejected the proposal from parliament for the postponement on repayment of bank loans taken by citizens and businesses for a further six months. In rejecting the proposal, the gove... September 26, 2020 1604 Category: Business
Kuwait Credit Bank Reveals US$42 Million Worth Of Loans, Grants In August Kuwait Credit Bank declared on Saturday that overall loans in the property sector, for women and grants reached KD 12.8 million (US$42 million) in August. The bank said in a statistical report release... September 05, 2020 4224 Category: Kuwait
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