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NBK sees Kuwait credit growth at 10% in 2014

National Bank of Kuwait (NBK) has said bank lending in the Gulf country is set to increase at the fastest pace since 2009, after investment firms cut debt and as the government implements projects, Bloomberg has reported. “We see credit growth continuing to accelerate in 2014 to around 9 to 10%,” said Nemr Kanafani, senior economist at National Bank of Kuwait. “Improving project implementation and a healthier investment sector should be key drivers of credit growth.”