Press Releases

08.12.18Press Release: CBK Governor Announces the Launch of "Kuwaiti Economic Researcher Award" and “Kuwaiti Economic Student Award”

His Excellency the Governor of the Central Bank of Kuwait (CBK) and Chairman of Institute of Banking Studies, Dr. Mohammad Y. Al-Hashel, announces the launch of the "Kuwaiti Economic Researcher Award" and the “Kuwaiti Economic Student Award” for the undergraduate and postgraduate students with the aim to promote the scientific research in the economic and banking areas.

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02.12.18Press Release: The Governor of the Central Bank of Kuwait meets Board Chairmen of Kuwaiti Banks

Within the framework of continuous meetings between the Central Bank of Kuwait (CBK) and the top management of Kuwaiti banks to discuss and exchange views on issues of mutual concern, His Excellency the CBK Governor, Dr. Mohammad Y. Al-Hashel, met with the board chairmen of Kuwaiti banks, at CBK Headquarters today. His Excellency welcomed the guests expressing his pleasure with this kind of communication and cooperation with the banks, and stressing on the importance of their fruitful participation. During this meeting, opinions were exchanged over the key economic and monetary developments at both local and international levels, as well as performance indicators of Kuwaiti banks, their plans and trends at this current stage. The Governor noted the strong financial positions and resilience of the banking sector represented in its financial integrity indicators in terms of Asset Quality, Capital Adequacy Ratio, Financial Leverage Ratio, and Liquidity Ratios, along with profitability ratios as bolstered by the continuous growth of banks’ profits.

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26.11.18Press Release: CBK Issues Regulatory Sandbox Framework for FinTech

His Excellency the Governor of the Central Bank of Kuwait (CBK) Dr. Mohammad Y. Al-Hashel, stated that CBK launched a Regulatory Sandbox Framework. This sandbox comes as a continuation of CBK’s supervisory efforts to support and regulate products and services that serve the Kuwaiti economy in the field of financial technology (Fintech).

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10.11.18Press Release: CBK Issued Instructions Regarding the Rules & Regulations for Granting Personal Loans & Financing Facilities (Consumer/Housing) in Addition to Issuance of Credit Cards

His Excellency the Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, stated that within the framework of CBK’s routine revision of its issued regulations and rules in view of economic and banking developments related to the goals and consequences of these instructions, CBK had, in cooperation with an international consultancy company, reviewed and assessed its issued instructions regarding the rules and regulations for granting consumer and installment loans/ finance.

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29.10.18Press Release: CBK Organizes a Workshop in Coordination with S&P on Sovereign Ratings and Banks' Credit Ratings Methodology

The Central Bank of Kuwait (CBK) organizes a workshop, in coordination with Standard & Poor’s (S&P), on sovereign ratings and banks’ credit ratings methodology, October 30-31, 2018.

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09.10.18Press Release: CBK-IIFM Seminar on Islamic Hedging, Liquidity Management and Sukuk Hosted by CBK

The Central Bank of Kuwait (CBK) is hosting a seminar in coordination with the International Islamic Financial Market (IIFM), on Islamic Hedging, Liquidity Management and Sukuk, on Wednesday, October 10, 2018.

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08.10.18Press Release: Key Developments in the Balance of Payments of the State of Kuwait for the Second Quarter of 2018

The Central Bank of Kuwait (CBK) published today the preliminary data of the Balance of Payments (BOP) of the State of Kuwait for the second quarter of 2018, and the revised data of the first quarter of 2018. The aforesaid data show that the Current Account (summing up receipts and payments between domestic economy and other economies in terms of goods, services and income) recorded a surplus of KD 2,878 million during the second quarter of 2018 against a surplus of KD 1,855 million during the previous quarter, representing a hike of KD 1,023.1 million, i.e. 55.2%. The upturn in the Current Account surplus is due to the appreciation in the surpluses of both Balance on Goods and Primary Income on one hand, and the increase in the deficit of Secondary Income, as well as the decrease in the deficit of Services Account on the other. The surplus in the Current Account mainly reflects a surge in the surplus of the Balance on Goods (merchandise exports minus merchandise imports) to KD 3,789 million during the second quarter of 2018, compared to KD 3,356 million during the previous quarter. Furthermore, the deficit in the Services Account (net value of services transactions between residents and non residents, the most important of which are transportation, travel, communications and construction) decreased by KD 219.3 million or 10.0% to KD 1,969 million during the second quarter of 2018, compared to a deficit of KD 2,188 million during the previous quarter.

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26.09.18Press Release: CBK Decides to Maintain the Discount Rate Unchanged at its Current Level of 3.0%

With the utmost keenness to reinforce the atmosphere conducive to non-inflationary economic growth of the non-oil sectors, and to maintain the attractiveness and competiveness of the national currency as a store for domestic savings, and taking into account the economic, monetary and banking data, the Board of Directors of the Central Bank of Kuwait (CBK) decided to maintain the discount rate unchanged at its current level of 3.0% and continue using the available monetary policy tools.

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24.09.18Press Statement: CBK ِAnnounces the Publication of the Financial Stability Report for the Year 2017

The Central Bank of Kuwait (CBK) announces the publication of the Financial Stability Report for the year 2017.

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23.09.18Press Release: CBK Issues Instructions Regulating Electronic Payments

The Central Bank of Kuwait (CBK) had issued instructions to all service providers for regulating electronic payments.

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