According to the monthly statistics issued by the Central Bank of Kuwait, total deposits was 44.561 billion dinars at the end of last December, down by 714 million, or 1.58 percent, compared to their level at the end of 2020, when it amounted to 45.275 billion, recording its first annual decline since 1999, when it decreased by 34 million by 0.46 percent compared to its 1998 level, reaching 7.043 billion dinars.
On a monthly basis, total deposits decreased last December by about KD 259 million, or 0.58 percent compared to November, as government deposits witnessed a decline during the last month of last year by 32 million (-0.43 percent) to reach 7.372 billion, the total sector deposits fell on a monthly basis by about 226 million (-0.6 percent) to reach 37.189 billion dinars at the end of last year, reports Al-Rai daily.
Government deposits decreased in December on an annual basis by about KD 571 million, or 7.19 percent, compared to their level at the end of 2020, while the decline in private sector deposits during the same period was about 143 million (-0.38 percent).
The total credit facilities granted by local banks was about 42.286 billion dinars at the end of last December, an increase of about 161 million (+0.38 percent) on a monthly basis, while its growth reached 2.52 billion (+6.34 percent) for the whole of 2021. Its largest annual growth since 2015 when credit facilities achieved a growth of 8.46 percent compared to their level in 2014 including personal facilities increased by about 2.181 billion dinars last year (+12.64%), to reach 19.431 billion at the end of December, achieving an increase of about 211 million dinars (+ 1.1 percent) on a monthly basis.
Installment loans increased by 139 million dinars (+0.98%) on a monthly basis and 1.68 billion dinars during the whole of 2021 (+13.22%), to reach 14.391 billion dinars at the end of last December, while consumer loans witnessed a growth of about 26 million (+1.43). percent) on a monthly basis and 238 million (+14.81 percent) on an annual basis, to reach 1.845 billion dinars at the end of 2021.
Loans to purchase securities recorded an increase of 52 million dinars (+1.88 percent) in December compared to November, while they rose by 233 million (+9.03 percent) within 12 months, to reach 2.812 billion dinars at the end of December 2021.
With regard to credit facilities for financial institutions other than banks (investment companies), they amounted to 1.009 billion dinars at the end of last December, declining by 2.98 percent on a monthly basis, while recording an annual increase of 2.83%.
As for the loans granted to the trade sector, they decreased by 9.28 percent on an annual basis to reach 2.971 billion dinars at the end of December, while loans to the industrial sector grew by 15.81 percent to 2.381 billion.
The construction sector loans at the end of last December amounted to 1.696 million dinars, down by 10.17 percent from their level at the end of 2020, while it recorded a slight increase on a monthly basis, amounting to 0.47 percent.
Although the credit facilities granted to the real estate sector decreased by 1.23 percent during last December compared to November, they will witness an increase of about 1 percent compared to their level during the previous year, recording 9.317 billion dinars at the end of 2021.
As for the crude oil and gas sector loans, they rose by 14.27 percent on an annual basis, reaching 2.138 billion at the end of last December.
The balance of public debt instruments amounted to about 800 million dinars at the end of last December, a decrease of 5.9 percent on a monthly basis, compared to 850 million dinars in November, while it recorded a decline of 23.8% compared to its level in December 2020, which had reached 1.05 billion dinars.
