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NewsTranscript
00:00In the first quarter of 2024, we saw an increase of 163 million Kuwaiti dinars, and a 32% growth rate, compared to the fourth quarter of 2023.
00:20Compared to the first quarter of this year and the first quarter of last year, the growth rate has reached 0.5%.
00:28I would like to point out that the first quarter of last year included revenues and profits from selling investments worth 74 million Kuwaiti dinars, which has not been repeated in the current period.
00:40Last year's withdrawals affected the results of the bank in 2023. Do you expect more withdrawals in 2024?
00:50Yes, we have been and continue to be involved in the policy of withdrawals, and this is part of your home strategy, focusing on the work of the central bank to achieve, God willing, sustainability in future profits.
01:02What is the percentage of unregulated loans and the size of the coverage?
01:06Thank God, the percentage of unregulated loans reached 1.7%. As for loans from specialties, it reached 294% for Kuwait alone, and more than 273% for the group.
01:22As for specialties, it was reduced by about 119%, with a return of about 4,600,000 Kuwaiti dinars.
01:34How will the Kuwaiti financing environment change after the merger and the ability to finance development projects? We expect that there will be many important projects in Kuwait.
01:43Thank God, the new situation is special for your home, which is the first in Kuwait and the fourth regionally in terms of market value, which exceeded 12 billion Kuwaiti dinars, which is about 40 billion dollars.
01:57We are also in 12 countries, all of which contribute to strengthening your home role and its ability to support the Kuwaiti economy and provide the necessary financing for major projects for institutions and governments in all sectors.
02:11There is still a shortage of liquidity, so how do you think about allocating this liquidity? Will it be allocated inside Kuwait or do you have other ideas and expansions?
02:20Of course, there are many channels where liquidity can be allocated, such as the Interbank, as well as the Central Bank through its participation in liquidity transactions, and also with international financial banks with high credit rating,
02:32as well as investing in the short-term liquidity of the International Liquidity Management Program, the IILM, in addition to the medium and long-term liquidity.