‘Writing off individual loans needs presentation of relevant statistics’
Panel to probe rainfall damages extended
KUWAIT CITY Dec 24: Talks on writing off individual loans necessitates presentation of relevant statistics to highlight the issue, reports Al-Qabas daily quoting sources.
Sources cited procedures taken by the Central Bank of Kuwait (CBK) for those experiencing financial crisis in cooperation with the banks as factors in strengthening the borrowers’ commitment to pay, while the rate of unpaid loans has dropped to the lowest level.
Sources affirmed the rate of unpaid loans subjected to legal action did not exceed 0.7 percent of the consumer and housing loans or what are known as ‘personal facilities’.
Sources added the number of defaulters subjected to legal action did not exceed 0.5 percent of the total number of borrowers at the beginning of this year, which means 99.5 percent are paying regularly.
Meanwhile, Council of Ministers has extended the period of investigations – the work of the probe committee to investigate the damage caused by the heavy rainfall to an additional month to complete the tasks assigned to it, reports Al-Qabas daily.
Sources said the committee met yesterday with the Minister of Public Works and Minister of State for Municipal Affairs Hossam Al-Roumi in the framework of his keenness to support the role played and met the Assistant Undersecretary for Engineering Maintenance Sector Abdul Mohsen Al-Enezi to listen to his views and the Acting Undersecretary of Maintenance Sector Abdul Aziz Al-Sabah.
Sociologist and Associate Professor at the American University of Kuwait Dr Juliet Danka has affirmed that depression is widespread in the Kuwaiti society – across all social layers and age groups; indicating 90 percent of those suffering from depression complain mainly of loneliness, boredom, more or less sleep, over eating and monotonous lifestyle, reports Al-Anba daily.
In her interview with the daily, Danka explained that majority of those suffering from depression are looking for happiness yet they lack the means to attain it. She said many people who suffer from depression are of university age or above 50 years, although there is no specific age where depression is prevalent.
Danka affirmed children engage in many activities described by parents as forms of addiction like using mobile phones or smoking; disregarding factors which prompted them to resort to such activities, especially during their free time, which the family must use for productive or beneficial activities.