Deposits, credit facilities rise, housing loans drop, in January
Credit facilities granted by local banks to residents amounted to approximately KD 49.537 billion in January, reflecting an annual increase of KD 1.929 billion by four percent and a slight monthly growth of KD 0.118 billion by 0.23 percent.
Monthly statistics on money supply in the market by the Central Bank of Kuwait, shows that r total deposits reached KD 54.471 billion at the end of January, marking an annual increase of KD 1.769 billion (+3.35%) compared to January 2024. On a monthly basis, deposits rose by KD 648 million (+1.2%) from KD 53.823 billion in December 2024.
Meanwhile, credit facilities granted by local banks to residents and non-residents grew by approximately KD 0.11 billion (0.19%) in January, reaching KD 57.28 billion, up from KD 57.17 billion in December. On an annual basis, this reflects an increase of KD 3.45 billion (+6.4%). Credit facilities granted by local banks to residents alone amounted to approximately KD 49.537 billion in January 2025, reflecting an annual increase of KD 1.929 billion (+4%) and a slight monthly growth of KD 0.118 billion (+0.23%).
As for personal credit facilities, they amounted to approximately KD 19.359 billion at the end of January, reflecting an annual increase of KD 0.565 billion (+3%) and a marginal monthly rise of KD 38 million compared to December 2024. Installment loans (housing) grew by about KD 533 million (+3.3%) year-on-year, reaching KD 16.590 billion at the end of January. On a monthly basis, they recorded a slight increase of KD 44 million (+0.26%) compared to December 2024.
As for private and model housing loans, they totaled KD 240 million at the end of January, marking a monthly decline of 1.9 percent and a year-on-year drop of approximately 21 percent compared to January 2024. The value of consumer loans stood at KD 2.06 billion at the end of January, showing slight increases on both an annual and monthly basis.
Credit facilities granted to non-bank financial institutions (investment companies) grew by 27.7 percent year-on-year, reaching KD 2.738 billion by the end of January. On a monthly basis, they increased by 7.8 percent. Meanwhile, real estate sector loans rose by 6.5 percent (KD 627 million) compared to January 2024, and grew slightly by 0.22 percent on a monthly basis, reaching KD 10.346 billion in January.
Loans to the construction sector surged by 10.6 percent year-on-year, reaching KD 2.970 billion in January 2025, after recording a modest monthly increase of 1 percent.
On the other hand, government deposits in local banks fell by KD 100 million (-2%) in January 2025 compared to December but increased by KD 0.523 billion (+11.72%) year-on-year, reaching KD 4.983 billion last month.
Total private sector deposits amounted to approximately KD 41.713 billion in January 2025, experiencing a slight decline on a monthly basis but rising by KD 1.213 billion (+3%) compared to January 2024.
Private sector deposits in dinars increased by approximately KD 176 million on a monthly basis and by 10 percent annually, reaching KD 37.776 billion in January. Meanwhile, private sector deposits in foreign currencies rose by KD 52 million (+1.3%) in January compared to December 2024. However, on an annual basis, they declined by approximately KD 562 million (-12.5%) from January 2024, reaching KD 3.936 billion at the end of January 2025.
According to the Central Bank’s statistics, reserve assets stood at KD 13.92 billion in January, down 2.52 percent from KD 14.28 billion in the same month of 2024. However, on a monthly basis, they grew by approximately 1.68 percent.
