DUBAI: Kuwait’s central bank said on Tuesday that banks must provide qualifying small and medium enterprises (SMEs) affected by the coronavirus outbreak with financing at a maximum 2.5 percent interest rate.
Kuwait’s National Fund for Small And Medium Enterprise Development will provide 80 percent of the SMEs’ funding needs at no interest for up to three years, while banks will finance 20 percent and the state will support companies in paying the up to 2.5 percent interest for three years.
Kuwaiti banks to provide SMEs with financing at 2.5% interest
Short Url
https://arab.news/j3945
Updated 21 April 2020
Kuwaiti banks to provide SMEs with financing at 2.5% interest
- Kuwait fund to finance 80% of the SMEs’ funding needs at no interest for up to three years
