Loan growth in Kuwait slowed to just 6.1% in 2009 to total about KD25.1 billion, KUNA has reported, citing a new report by KIPCO Asset Management Company. The growth compared to 17.5% in the previous year and 35% in 2007 as the global economic slowdown took hold. Personal facilities involving consumer loans made up the largest part of the total portfolio of loans, amounting to KD8.4 billion by the end of 2009, or 33.4%, the report added.
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