Kuwaiti banks witness a substantial surge of 52.7% in foreign deposits, now amounting to KD 5.08 billion.
In the opening months of 2025, Kuwait's banking sector witnessed a noteworthy surge in foreign deposits, according to recent data.
Non-resident private sector deposits in Kuwaiti dinars reached KD 531.8 million by the end of July 2025, marking a 7.8% increase from KD 493.2 million recorded in December 2024.
The growth in private sector deposits was even more pronounced, with a total of KD 3.838 billion by July 2025, up from KD 2.615 billion in December 2024, signifying a growth of 46.73%. Of this total, private sector deposits in Kuwaiti dinars stood at KD 3.305 billion, up from KD 2.121 billion, representing a growth of 55.8%.
Foreign public institutions' deposits also experienced a substantial increase, reaching KD 1.025 billion, compared to KD 524 million, signifying a 95.6% increase.
Foreign government deposits also rose, with KD 222.4 million recorded by the end of July 2025, up from KD 189.4 million, showing a 17.42% increase.
However, the search results do not provide information on which institutions have the largest amount of foreign deposits in Kuwaiti banks from the beginning of 2025 until the end of July 2025. This information remains to be disclosed.
These figures underscore the growing confidence foreign investors have in Kuwait's economic stability and the country's banking sector, providing a positive outlook for the future.
Read also:
- chaos unveiled on Clowning Street: week 63's antics from 'Two-Tier Keir' and his chaotic Labour Circus
- Racing ahead in Renewable Energy Dominance: Changzhou, Jiangsu Pushes for Worldwide Renewable Energy Ascendancy
- Unchecked carbon emissions could potentially lead the world to revert to coal usage, according to a knowledgeable source.
- Stone mining has transformed the once renowned 'Sada Pathor' into a desolate, post-apocalyptic landscape.
