Real estate loans hit KD 26.8 mln in Feb. — KCB

KUWAIT, March 5 (KUNA) — The total number of real estate loans in February was 836, amounting to KD 26.8 million, while total portfolio loans were 23, with a value of KD 222,000, Kuwait Credit Bank (KCB) announced Saturday.
In a statement, KCB revealed that the total number of property loans in February 2016 was 39, amounting to KD 2.4 million, while government-owned property loans stood at 186, with a value of KD 12.7 million.
Moreover, total number of residential property loans was 45 with a value of KD 3 million, while a total of 12 loans were registered for special housing, amounting to KD 384,000, the statement said, adding that total loans allocated for the handicapped was 358, with a value of KD 3.2 million.
Total property expansion loans stood at 16, amounting to KD 160,000 while a total of seven renovation loans amounted to KD 62,000. (end) abd.nam