The deposits rose on a monthly basis of 403.7 million dinars by 10.7% after KD 3.77 million in January, also increased on an annual basis 10.2 A total of 388.1 million dinars compared with February 2020, which has seen its highest rise in a year worth 3.76 billion dinars, while its lowest level in November worth 3.11 billion dinars.
On the other hand, domestic bank deposits have seen a clear rise since the beginning of 2021, increasing 4.3% of KD 324.3% to rise from 7.57 billion dinars End of December 2020 to 7.894 billion dinars at the end of February; To reach its highest level since last May 8.5 billion.
The historical increase in foreign deposits at Kuwaiti banks comes in light of the continuation of low-cost US Federal interest rates and major central banks, which are historically minimum; In order to confront the exceptional conditions and the widespread proportions at the international level of the new Corona virus, targeting the cost of borrowing for all economic sectors and institutions.
The deposits in the domestic bank market (Interbank) seen a rise in January and February by 0.1% worth 4.9 million dinars; To rise from 2.515 billion dinars at the end of December to 2.52 billion dinars in February.
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