Press Releases

19.08.19Press Release: Top Banking Executives and Policymakers Confirmed as Speakers at the "International Banking Conference: Shaping the Future"

Banking industry leaders are among the many top-level executives and officials confirmed as speakers for the CBK International Banking Conference, which will be held on Monday, September 23 at the Four Seasons Hotel.
Held under the patronage of His Highness the Amir of the State of Kuwait Sheikh Sabah Al-Ahmad Al-Jabir Al-Sabah, the event will bring together decision makers and thought leaders from across the global financial services sector.

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05.08.19Press Release: CBK Hosts the Inaugural International Banking Conference: "Shaping the Future"

Held under the patronage of His Highness the Amir of the State of Kuwait Sheikh Sabah Al-Ahmad Al-Jabir Al-Sabah, the Central Bank of Kuwait (CBK) will stage the inaugural CBK International Banking Conference on Monday, September 23, 2019.
Titled Shaping the Future, the event’s speakers will include key policymakers, C-level banking industry executives, banking experts and FinTech entrepreneurs from across the globe.

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31.07.19Press Release: CBK Decides to Maintain the Discount Rate at its Current Level of 3.0%

The Central Bank of Kuwait (CBK) decided to maintain the discount rate at its current level of 3.0%.

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30.07.19Press Statement: CBK Announces the Publication of the Annual Report for the FY2018/19 and the Economic Report 2018

His Excellency the Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, announced the publication of CBK’s 47th Annual Report for the Fiscal Year (FY) 2018/19 and 47th Economic Report for the year 2018 in addition to “Highlights on the Economic Report”. The Annual Report contains CBK’s Financial Statements for the FY ended 31 March 2019. The report also comprises the key developments in the main monetary aggregates and banking indicators, along with the supervisory and regulatory efforts and the major banking operations and key tasks performed by CBK to enhance staff performance and upgrade IT infrastructure during said year. Meanwhile, the Economic Report contains the latest available data and statistics on various aspects of the economic performance of the State of Kuwait in 2018 and is composed of six major parts, each dedicated to a key topic.

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28.07.19Press Release: Key Developments in the Balance of Payments of the State of Kuwait for the First Quarter of 2019

The Central Bank of Kuwait (CBK) published today the preliminary data of the State of Kuwait’s Balance of Payments (BoP) for the 1st quarter of 2019, and the revised data of the preceding quarter.

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24.07.19Press Statement: CBK ِAnnounces the Publication of the Financial Stability Report for the Year 2018

The Central Bank of Kuwait (CBK) announces the publication of the Financial Stability Report for the year 2018.

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07.07.19CBK and MOCI sign a Memorandum of Understanding

The Central Bank of Kuwait (CBK) announced that it had signed a Memorandum of Understanding (MoU) with the Ministry of Commerce and Industry on July 2nd, 2019. The MoU concerns coordination and cooperation on determining each party’s scope of competence when it comes to supervising and regulating some activities of CBK-regulated entities.

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08.05.19Press Release: Key Developments in the Balance of Payments of the State of Kuwait for the Year 2018

The Central Bank of Kuwait (CBK) published today the preliminary data of the State of Kuwait’s Balance of Payments (BoP) for the year 2018, and the revised data of the preceding year.

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02.05.19Press Statement: CBK Honors the Winners of "Kuwaiti Economic Researcher Award" and “Kuwaiti Economic Student Award” 2018

His Excellency, the Governor of the Central Bank of Kuwait (CBK), Chairman of the Board of Directors of the Institute of Banking Studies (IBS), Dr. Mohammad Y. Al-Hashel, honors the winners of "Kuwaiti Economic Researcher Award" and “Kuwaiti Economic Student Award” for the year 2018.

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01.05.19Press Release: Key Developments in the Balance of Payments of the State of Kuwait for the Fourth Quarter of 2018

The Central Bank of Kuwait (CBK) published today the preliminary data of the State of Kuwait’s Balance of Payments (BoP) for 4Q 2018, and the revised data of the preceding quarter. The data revealed a surplus of KD 1,643 million in the Current Account (that sums up receipts and payments on transactions between the domestic economy and other economies in terms of goods, services and income) compared to a surplus of KD 923 million during the previous quarter, i.e. an upturn by 77.9% equivalent to KD 719.4 million. This upturn in the Current Account surplus is mainly attributable to the decline in the deficit of the Services Account (net value of services transactions between residents and non residents, the most important of which are transportation, travel, communications and construction) by KD 1,164 million or 39.6%, to KD 1,778 million during 4Q 2018, compared to a deficit of KD 2,942 million during the previous quarter.

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