(Bloomberg) -- Kuwait's central bank reduced capital adequacy requirements for banks by 2.5%, and eased the risk weighting for small and medium-sized enterprises to 25% from 75% to provide extra liquidity for vital parts of the economy through the coronavirus outbreak.
Kuwait Approves Stimulus Package to Ease Virus Impact, Kuna Says
- The central bank also increased banks' maximum available lending limit to 100% from 90%
- Raised the allowable percentage of financing for residential developments according to the value of the real estate or cost of development
- Measures are to give banks flexibility to offer more loans; central bank said it would take further measures if necessary
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