Kuwait: Debt Restructuring Guidelines Apply to All Retired Borrowers

Kuwait News developments

Kuwait: Debt Restructuring Guidelines Apply to All Retired Borrowers

Alrai, 15 November 2023: Sources have confirmed the Central Bank has confirmed its debt restructuring guidelines apply to all retired borrowers.

This is the case even where they retired before 29 May 2023 and are listed with the Social Insurance General Organisation.

The Bank issued this clarification because there was an assumption banks can only offer debt restructuring to new pensioners.

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Tanya Jain