Kuwait banks intensify competition for government deposits as yields climb to nearly 4.8%

Government deposit rates surged: Banks offered rates of up to 4.8% for government deposits, sharply higher than the previous average of 3.75% — an increase of about 105 basis points. Strong banking competition: Eight Kuwaiti banks and one foreign bank branch competed for three government deposits worth 180 million dinars, with some bids coming within … The post Kuwait banks intensify competition…