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Arabian Times > Gulf News > Credit Bank disbursed KWD 37 million in Real Estate Loans in March
Gulf News

Credit Bank disbursed KWD 37 million in Real Estate Loans in March

arabiantimesonline
Last updated: 2025/04/04 at 8:50 PM
arabiantimesonline Published April 4, 2025
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ARABIAN TIMES NEWS NETWORK

In March 2025, Kuwait’s Credit Bank continued its mission of supporting housing development and social welfare by disbursing a total of KWD 37.2 million in real estate loans. The financial assistance provided during the month benefited a broad segment of society, including families, individuals, and people with disabilities, reflecting the bank’s commitment to inclusive development and housing stability.

According to the latest statistics released by the Credit Bank, loans for building on government plots made up the bulk of the disbursements, amounting to KWD 32.1 million. In contrast, loans allocated for constructing private plots reached KWD 731.7 thousand, underlining the growing focus on supporting public housing initiatives.

The bank also approved KWD 1.95 million in loans for purchasing houses, providing vital assistance to families and individuals looking to secure permanent homes. To further improve living conditions, KWD 488.9 thousand was issued for the expansion and renovation of government homes, while an additional KWD 395.3 thousand was disbursed for similar work on private residences.

A significant part of the Credit Bank’s portfolio also goes toward empowering marginalized groups. In March alone, grants supporting people with disabilities totaled KWD 1.53 million. These funds are designed to help ensure that housing remains accessible and adaptable to the needs of all citizens, further promoting community inclusion.

In addition to real estate loans, the Credit Bank distributed KWD 155 thousand in portfolio loans during March. Out of this amount, KWD 140 thousand was directed toward projects involving both expansion and renovation, while KWD 15 thousand was used for renovation-only purposes. These loans offer flexible options for homeowners to enhance their properties, ensuring that evolving needs are met without financial strain.

Through a variety of loan programs including women’s loans, social loans, and disability grants—the Credit Bank continues to play a vital role in supporting Kuwait’s national housing agenda. By providing accessible financing channels, the bank fosters not just infrastructure development, but also social stability and economic empowerment for citizens across the country.he nation’s sovereignty, resilience, and forward-looking vision.

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