Rise in foreign funds in Kuwaiti banks accelerates by 52.7%, amassing KD 5.08 billion
Kuwait has witnessed a significant surge in bank deposits over the past seven months, with both the private sector and foreign public institutions contributing to this growth.
According to the latest data, foreign public institutions' deposits reached an impressive KD 1.025 billion by July 2025, marking a staggering 95.6% increase compared to KD 524 million in December 2024.
The private sector, too, has seen a notable growth. Total private sector deposits reached KD 3.838 billion by July 2025, up from KD 2.615 billion in December 2024, representing a growth of 46.73%.
Moreover, private sector deposits in Kuwaiti dinars specifically totaled KD 3.305 billion by July 2025, a 55.8% increase from KD 2.121 billion.
Foreign government deposits also rose during this period, with a 17.42% increase from KD 189.4 million to KD 222.4 million.
Notably, the National Bank of Kuwait (NBK) and Gulf Bank have recorded the largest increase in foreign funds inflows from the private sector, governments, and public institutions in Kuwait over the past seven months.
Lastly, non-resident private sector deposits in Kuwaiti dinars reached KD 531.8 million by the end of July 2025, a 7.8% increase from KD 493.2 million in December 2024.
This growth in bank deposits is a positive sign for Kuwait's economy, indicating increased confidence and investment in the country.
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