KUWAIT, June 4 (KUNA) – The Kuwaiti Credit Bank announced the approval of its board of directors to implement the decision to postpone the installments due on citizens who wish to postpone as of June this year and for a period of six months for those whose installments were not postponed last May.
The bank said in a press statement today, Thursday, that the decision of the board of directors was issued during its 22nd meeting, after it was not possible for some of the entities affiliated with the bank’s customers to postpone the deduction of the installments in May, and in view of the circumstances of the total ban witnessed in the country.
He added that the citizens whose installments were postponed since last May will collect their installments in November 2020, while the installments that will be postponed in the current month of June for a period of 6 months will resume their collection in December 2020.
The bank stated that it took the necessary measures immediately after the issuance of the decision of the Board of Directors based on the mandate of the Council of Ministers to postpone the installments of real estate, social, portfolio and women’s loans in early May.
The bank affirmed its keenness to implement the decision to the fullest extent with the aim of relieving citizens and facilitating them in these exceptional circumstance