Bank loans will be provided for those affected by the coronavirus outbreak in Kuwait with financing at a maximum 2.5 percent interest rate for three years.
Event Location
Kuwait , Kuwait
Start Time
27 April 2020, 12:00 AM
End Time
09 May 2020, 12:00 AM
Kuwait’s Central Bank Governor Mohammad al-Hashel has announced that Bank loans will be provided for those affected by the coronavirus outbreak with financing at a maximum 2.5 percent interest rate for three years.
In a press statement on Tuesday, Hashel said this financing will be available for affected sectors, small and medium enterprises, individuals and companies.
Regarding large enterprises, Hashel said the state will pay the interests for the first year only, while the second and third year shall be paid by the firms themselves.
The state will support companies in paying the interest for the first and second year of loans allocated to small and medium enterprises, while the third year is to be shared equally between the enterprises and the state.
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