CBK Monthly Monetary Statistics - Overview
statistical data is presented here, which includes CBK assets, liabilities,
and a number of Local Banks reports.
Tables in this publication encompass as of December 2004 updated data according to the Islamic Banking Supervision (IBS) forms, in addition to data on BNP Paribas Bank - Kuwait Branch, as of March 2005.
Definitions of Monetary Variables, Symbols and Notes
- Monetary Base or Money Supply in its Narrow Definition (MO):
Signifies currency issued, demand and time deposits of local banks' and other resident financial institutions,
with the CBK, in addition to CBK Bond holdings of local banks and investment companies.
- Currency in Circulation:
Signifies the nominal value of currency in circulation with the public,
i.e. currency outside the vaults of local banks and it equals the nominal
value of currency issued minus cash balances in vaults of local banks.
- Money (MI):
Currency in circulation with the public + sight deposits (private deposits
in KD). Money means money supply in its narrow definition (MI).
Savings deposits (in KD) + time deposits (in KD) + foreign currency deposits
+ CDs (in KD). The private sector maintains quasi-money components
with local banks.
- Certificates of Deposit:
Negotiable financial papers denominated in Kuwaiti dinars. The term quasi-money
also includes that portion of CDs issued by Kuwaiti local banks and held
by other parties (i.e. excluding the portion held by these banks themselves).
- Money Supply in its Broad Definition (M2):
Money (M1) + quasi-money.
- Money Supply in its Broader Definition (M3):
Includes money supply in its broad definition (M2), plus private sector
deposits with deposit-accepting investment companies.
- Claims on the Private Sector:
Credit facilities extended by local banks to the private sector + domestic
investments by local banks + CDs issued by other non-bank private sector
units and held by local banks.
- Credit Facilities:
Discounts and advances provided by local banks to residents, either in the
form of overdrafts, or loans for specific purposes and fixed terms, whether
given in both local or foreign currencies to persons, financial or non-financial
companies and institutions (other than banks).
- Private Sector:
It means individuals, institutions and companies belonging to private, joint
or public sectors, including public institutions with independent budgets (excluding the Savings and Credit Bank).
Ministries, governmental departments, and public institutions with
attached budgets and the Savings and Credit Bank.
- Local Banks:
Include commercial banks (National Bank of Kuwait, Commercial Bank of Kuwait,
Gulf Bank, Al-Ahli Bank of Kuwait, the Bank of Kuwait & the Middle East,
Burgan Bank, the Branch of the Bank of Bahrain & Kuwait, the Branch of the BNP Paribas Bank) and specialized banks (Kuwait
and specialized banks (Kuwait Real Estate Bank and Industrial Bank of Kuwait), in addition to banks operating according to the provisions of Islamic Sharia (Kuwait Finance House and Boubyan Bank).
- Other Deposit Liabilities with Local Banks:
Such as matured time deposits not covered by instructions for renewal from
customer, deposits belonging to customers at branches and resulting from
the payment of salaries by the government and institutions through the main
office, funds due to commission agents concerning letters of credit, salaries
or funds transferred to certain customers who have no sight deposit accounts,
or who have accounts but no mention is made of the number, and suspense
accounts (the address of the customers is unknown, for example), as well
as other liabilities.
Symbols and Notes
|| Provisional, or estimated figures
||Magnitude zero or insignificant
||Significant breaks in the homogeneity of a series are indicated by a
horizontal or vertical line across the series.
||The slight discrepancies in totals or percentages are due to rounding.
- Tables in this Publication encompass of December 2004 updated data according to the Islamic Banking Supervision (IBS) forms, in addition to data on BNP Paribas Bank - Kuwait Branch, as of March 2005.
- Deposits of the savings and Credit Bank were reclassified under Government deposits.