Mubasher: The Central Bank of Kuwait's (CBK) assets surged 21.6% year-on-year in October, reaching KWD 10.7 billion ($35.3 billion), compared to KWD 8.8 billion ($28.9 billion).
The growth in assets was attributed to a 20.7% increase in value of accounts, bonds, certificates of deposits, treasury bills (T-bills), and foreign-currency deposits, to KWD 10.5 billion in October, from KWD 8.7 billion in the same month a year before, according to the CBK’s statement.
Year-on-year, other assets soared 283.4% reaching KWD 184.1 million last October, compared to KWD 54.4 million.
The CBK’s gold assets remained stable at KWD 31.74 million in the previous month.
On a monthly basis, the Kuwaiti body’s assets levelled up 1.9%, from KWD 10.5 million.
Assets went up month-on-month due to a 1.9% increase in value of accounts, bonds, certificates of deposits, treasury bills (T-bills), and deposits in foreign currencies, and a 17.3% jump in other assets.
