Kuwait’s bank deposits surge 9.7% in 2025 as private sector confidence grows
Bank deposits in Kuwait have seen a notable rise in 2025. By the end of November, total deposits in dinars and foreign currencies climbed by 9.7%, reaching 59.06 billion dinars. The increase was largely driven by a surge in private sector contributions.
The growth in deposits was spread across various interest rate categories. Accounts earning between 4% and 4.5% made up the largest share, accounting for 20.7% of the total. Deposits in the 3.5% to 4% range followed, representing 19.22% of all funds.
Deposits with higher returns of 4.5% contributed 5.3%, equivalent to 2.177 billion dinars. Meanwhile, lower-yielding accounts, offering up to 2% interest, held 15.7% of the total. Interest-free deposits also played a significant role, growing by 0.9% to reach 10.178 billion dinars. This category now makes up over 24.7% of all private sector deposits, highlighting its importance in the overall increase.
The steady rise in bank deposits reflects strong private sector activity in Kuwait. With total deposits now at 59.06 billion dinars, the growth underscores confidence in the country’s financial system. The distribution across different interest rates also shows varied savings preferences among depositors.
