Real estate loans hit KD 26.8 mln

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KUWAIT CITY, March 5, (KUNA): The total number of real estate loans in February was 836, amounting to KD 26.8 million, while total portfolio loans were 23, with a value of KD 222,000, Kuwait Credit Bank (KCB) announced Saturday.

In a statement, KCB revealed that the total number of property loans in February 2016 was 39, amounting to KD 2.4 million, while government-owned property loans stood at 186, with a value of KD 12.7 million.

Moreover, total number of residential property loans was 45 with a value of KD 3 million, while a total of 12 loans were registered for special housing, amounting to KD 384,000, the statement said, adding that total loans allocated for the handicapped was 358, with a value of KD 3.2 million.

Total property expansion loans stood at 16, amounting to KD 160,000 while a total of seven renovation loans amounted to KD 62,000.

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