The Kuwait Credit Bank (KCB) has been quoted by official sources as saying that its total loans disbursed in 2021 equaled KD 400 million (about $1.31 billion)
The amount was spread across 23,000 loans, the official sources quoted the public-sector bank as saying.
KCB spokesperson Habari Al-Khashti said the effectiveness of the bank’s electronic services saved time and effort for citizens.
She also indicated that 99 percent of the bank’s credit services have become electronic.
She added that the social and real-estate loan services which allow submitting the loan application through automated system without the need to visit any of the bank’s branches.
The system is said to use artificial intelligence technology for its functioning.
Al-Khashti also pointed out that with the bank’s 2020-2025 strategy, it has achieved the goals in digital transformation to provide the best service to citizens while preserving public money.