A quiet optimism has settled over Kuwait City’s financial district in recent years. Having overcome the challenges of the global financial crisis, the country’s leading banks are now looking to the future in a market that is growing at a reasonable pace.
Though the depressed oil price environment seems likely to persist, Kuwait’s banks have improved their balance sheets and cleaned up their loan books, and are adjusting to this new reality from a position of strength. The government’s commitment to capital spending is also softening the blow by stimulating the wider economy while offering substantial project financing opportunities.
