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Friday , November 27 2020

Kuwait Credit Bank: USD 42 mln worth of loans, grants in August

KUWAIT, Sept 5: Kuwait Credit Bank declared on Saturday that overall loans in the property sector, for women and grants reached KD 12.8 million (USD 42 million) in August.

The bank said in a statistical report released on Saturday that total spent loans of the realty portfolios, during the same month, amounted to KD 49,000 (USD 161,000), noting that the granted loans for building private construction reached KD nine million (USD 29.7 million).
Loans for government construction units amounted to KD 12 million (USD 39.6) and houses’ purchase KD 2.6 million (USD 8.5 million).

The bank report also noted that approximately 142,000 (USD 468,000) were spent for expanding and renovating private houses and KD 630,000 (USD two million) for expanding and refurbishing government residences.
Total grants for citizens of special needs amounted to USD 132,000 for expansion and renovation works and KD nine (USD 29,007) for restoration works.(KUNA)

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