The Central Bank of Kuwait (CBK) will send warnings to customers who have not submitted their invoices and bills for clarifying the purpose behind taking personal loans from local banks.

According to local Arabic news paper Al-Shahed daily, CBK has renewed the demand from several banks to ensure their customers who took personal loans to submit the invoices.

As per report, large number of customers are not aware of the gravity of the situation and the punitive measures or sanctions the banks will impose on them if they do not comply with the terms after the end of the grace period. CBK informed that the instructions should not be taken lightly and failure in compliance to this instruction could force CBK to penalize the bank.