KUWAIT: Major banks in Kuwait announced that they are
postponing repayment of loan and credit card installments for six months of all
clients due to the current circumstances in Kuwait in light of the exceptional
government procedures to curb the spread of the coronavirus (COVID-19).
Interest and fees accrued during this period will also be waived, a number of
banks including Gulf Bank, the National Bank of Kuwait, Kuwait Finance House,
Warba Bank and others said in statements posted on their social media accounts.

Meanwhile, Kuwait Banks Association (KBA) urged all bank
clients to ignore calls or text messages asking them to reveal any information
or data related to their personal bank accounts, such as the account number,
pin code, OTP, etc. This comes after many clients reportedly received scam
calls from people asking them for their personal information to allegedly
process transactions for postponement of installment payments. Banks have not
made any such calls or sent similar messages to clients, nor do they plan to do
so, KBA said in a statement.