In a notable shift, major banks in Kuwait are reconsidering their strategies for lending loan to expats after a four-year hiatus due to the COVID-19 pandemic.
In this regard, banks have instructed their employees to lift the block on resident financing, Arabic dailyAl-Rai learned from responsible banking sources.
This shift is not wide open, as the sources reported that the new trend is more restricted. This is due to customers should have a minimum end-of-service bonus of ten years of service and be employed by a major, stable company.