Lending Opportunities for Kuwait’s Banking Sector

Michel Accad, CEO of Gulf Bank – second largest bank in Kuwait, believes there are significant lending opportunities in Kuwait outside traditional areas (real-estate or stocks). Accad argues that banks should start lending against cash-flow and curtail landing against assets or securities. Lending against cash-flow exposes new lending opportunities, particularly in the retail and contracting sectors as well as in trade and finance. 

The Kuwait Development Plan could further improve economic activity and create additional lending opportunities for major banks in Kuwait.

Interview: Gulf Bank of Kuwait: 2nd Largest Bank in Kuwait