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15.03.17Press Release: CBK Raises Discount Rate by a Quarter Percentage Point to 2.75% From 2.50%

His Excellency the Governor and Chairman of The Board of Directors of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, announced in a press statement that CBK Board of Directors decided to raise the discount rate by a quarter percentage point to 2.75% from 2.50% effective from 16-03-2017. The Governor added that this decision is based on the continuous monitoring by CBK of the domestic economic, monetary and banking conditions including movements of the KD interest rates in the domestic market taking into consideration movements in interest rates on major international currencies. Dr. Al-Hashel further explained that the decision to raise the discount rate reflects CBK’s efforts to ensure the continued competitiveness and attractiveness of the national currency as a store of domestic savings, which constitute a major source of funding provided by the local banking and financial units to the various sectors of the national economy and thus maintain a supporting environment for sustainable economic growth and development.


31.01.17Press Release: CBK Approves Opening of a Second Branch of Al Rajhi in the State of Kuwait

H.E. the Governor of the Central Bank of Kuwait, Dr. Mohammad Y. Al-Hashel announces that CBK’s Board of Directors has approved the opening of a second branch of Al Rahji Bank in the State of Kuwait.


14.01.17Press Release: CBK Announces Scholarship Program for Master Degree

His Excellency the Governor of the Central Bank of Kuwait (CBK) and Chairman of Institute of Banking Studies, Dr. Mohammad Y. Al-Hashel, announced that the CBK has launched for the third year running a Master’s Degree Scholarship Program (MDSP) in collaboration with Kuwaiti banks.