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Kuwait restricts real estate lending
- Kuwait: Thursday, May 15 - 2008 at 07:06
Kuwait's central bank is issuing new rules tightening real estate and share lending loans after imposing similar restrictions on consumer lending to help slow inflation, reported Daily Al Qabas. The central bank has informed local lenders they must set a risk weight of 150% in their balance sheets for commercial real estate and share buying loans, the daily reported, without citing a source. The new rules would exclude loans for private mortgages.
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Jeff Florian, Senior ReporterThursday, May 15 - 2008 at 07:06 UAE local time (GMT+4)
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