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Kuwait bounces backMarch 30 2022

Boubyan Bank on the benefits of digital automation

Boubyan Bank is Kuwait’s second-largest Islamic bank and the country’s third-largest lender overall. Abdul Salam Al Saleh, the bank’s CEO for corporate banking, financial control, treasury and legal affairs, spoke to John Everington about the country’s economic outlook for 2022, the outlook for the local mortgage market and the impact of digital banking.
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Boubyan Bank on the benefits of digital automation

Q: Kuwait’s budget is forecasting a 72% rise in revenues for 2022/23 compared with the previous year. How do you see the economic outlook for the years ahead?

A: The short-term liquidity pressures the country’s experienced over the past few years have certainly eased, due to the recovery in oil prices before the Ukraine crisis started, which will also help narrow the deficit gap in the current fiscal year.

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John Everington is the Middle East and Africa editor. Prior to joining The Banker, John was the deputy business editor of The National in the UAE, and has also worked for Dealreporter, Arab News and The Telegraph. He has also covered the telecom sector in Africa and the Middle East, living and working in Qatar and the UK. John has a BA in Arabic and History and an MA in Middle Eastern Studies from the School of Oriental and African Studies (SOAS) in London.
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