|10 July, 2019

Kuwaiti Central Bank’s international assets hit $37bln in May

The Central Bank of Kuwait total assets grew 2.25% in May

View of Kuwait Central Bank building from across the fish market marina where old fishing boats are standing, Kuwait City - June 17, 2016. Image used for illustrative purpose.

View of Kuwait Central Bank building from across the fish market marina where old fishing boats are standing, Kuwait City - June 17, 2016. Image used for illustrative purpose.

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Kuwait - Foreign net assets of the Central Bank of Kuwait (CBK) increased by 1.44% year-on-year to KWD 11.25 billion ($37.06 billion) in May, the CBK’s data showed.

On a monthly basis, the CBK’s foreign assets rose 0.54% from KWD 11.19 billion in April, the CBK said.

The CBK’s total assets grew 2.25% to KWD 11.38 billion in May versus KWD 11.13 billion in the same month a year earlier.

The GCC nation’s bank assets levelled up 4.4% to KWD 18.51 billion in May, compared to KWD 17.73 billion in the prior-year period.

Source: Mubasher

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