Consolidated assets of local banks grew by 24.9% y-o-y to reach KD27.0bn at the end of 2006 which was on account of the credit facilities to residents growing by 26.3% to KD14.9bn. During the period 2003-06, the consolidated assets of local banks grew at a Compounded Annual Growth Rate of 12.8% from KD18.8bn in 2003 to KD27.0bn in 2006.
The composition of the advances in percentages:
Some additional metrics:
Consolidated Balance Sheet of Local Banks in Kuwait:
(Amounts in KD Millions)
BNKI619: Internship Report (Banking) by Mehreen Humayun