FINANCE COMMITTEE AGREES TO POSTPONE LOAN INSTALLMENTS

  • 26/03/2021

Kuwait City : Parliamentary Finance Committee Representative Khalil Al-Saleh, disclosed that the committee agreed to the proposal to postpone the payment of consumer and installment loans in local banks, investment companies and financing companies subject to the supervision of the Central Bank, for a period of 6 months.The cost of postponing loan installments for a period of 6 months exceeds KD 400 million and the government is expected to reject the proposal. The Parliamentary Financial and Economic Affairs Committee announced its approval of the proposal and submitted its report to  vote on it.

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