Collection of loan installments to resume in Nov: Credit Bank chief

KUWAIT CITY, May 6: Kuwait Credit Bank Director Salah Al-Mudhaf disclosed that the Cabinet’s decision to postpone the collection of loan payments for six months covers around 150,000 citizens and the total value of installments during the period of delay is estimated at KD100 million, reports Al-Anba daily.

He affirmed the decision stipulates the agreed monthly installment will not increase despite the postponement of collecting payments in order to ease the burdens of citizens.

He said the decision includes real estate, social, portfolio and women’s loans; confirming this decision was taken based on a comprehensive study prepared by the bank and submitted to the council with the aim of helping citizens cope with the crisis the country is currently going through. He added the collection of payments will resume in November 2020.

He stressed the bank remains committed to its promise to work in the interest of citizens; revealing that the customers who benefited from the online services of the bank during the suspension of work totaled 1,750 customers so far; while the disbursed amount reached more than KD7 million.

The former minister of education and higher education, the former deputy, and lawyer, Dr Ahmed Al-Mulaifi, has emphasized that health and education are two sides of the same coin, reports Al-Anba daily.

Dr Al-Mulaifi during an exclusive interview with Al-Anba gave in detail his opinion on the distance education system, supporting its implementation, decision-making, and the formation of legal, technical, educational, and media teams in this regard.

He also presented his views on the implementation of the distance education system in schools and universities, stressing that distance learning does not need new laws but merely amending some regulations and decisions, noting that the Ministry of Education did not take precaution nor put the worst scenarios to the crisis and is working on it from the start to find an alternative, because the matter may be prolonged and the study stopped, which means the corunavirus has defeated us.