Major banks in Kuwait have recently started to modify their lending policies after almost four years of strict restrictions on loans for non-Kuwaitis. This adjustment is intended to boost credit growth in response to a decline in individual financing since 2023. The new guidelines allow non-Kuwaiti government employees earning at least 250 dinars to qualify for loans, while those in the private sector must earn a minimum of 500 dinars. Furthermore, additional requirements, including enhanced end-of-service benefits, have been implemented as banks remain cautious about default risks in all situations.
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