Kuwaiti banks’ asset quality should continue to improve thanks to a stronger economy and lower interest rates, said S&P Global Ratings in its report "Kuwait Banking Sector 2025 Outlook: Economic Recovery To Boost Performance," published today. "After an estimated 2.3% contraction in 2024, we expect Kuwait's GDP growth will rebound to 3.0% in 2025 as OPEC+ oil production restrictions are gradually eased, and project implementation and reform momentum improves," said S&P Global Ratings credit analyst Puneet Tuli.