Banks uphold top security levels
The article focused on the management of Kuwait's banking sector and its financial resources and liquidity amidst economic and geopolitical challenges. It was shown that Kuwaiti banks maintained high levels of liquidity and capital, as they did not benefit from regulatory easing during the COVID-19 crisis or the current conflict. They succeeded in funding the economy through issuing debt instruments worth more than 2.05 billion Kuwaiti dinars over nine months, with a 68.9% increase in holdings of debt instruments. Despite a 49.2% decrease in their deposits with the Central Bank, this coincided with investments in debt instruments, reflecting a strong capacity to manage liquidity without relying on temporary buffers. The statements reaffirm that Kuwaiti banks continue to maintain robust financial safety indicators, while competition to attract deposits with high interest rates persists.
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