Press Releases

29.12.18Press Release: CBK Announces Master's Degree Scholarship Program (MDSP) for the Fifth Year

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 fifth year running a Master’s Degree Scholarship Program (MDSP) in collaboration with Kuwaiti banks.

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22.12.18Press Release: CBK Announces an Executive Education Program for Banking and Finance Executives with Harvard Business School for the Tenth Year in a Row

Dr. Mohammad Yousef Al-Hashel, Governor of the Central Bank of Kuwait, Chairman of the Board of Directors of the Institute of Banking Studies (IBS), announced that the IBS will work with Harvard Business School for the tenth year in a row to present an executive education program for banking and finance executives in the GCC region, during January 26 – 31, 2019.

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19.12.18Press Release: CBK Decides to Maintain the Discount Rate Unchanged at its Current Level of 3.0%

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

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15.12.18Press Release: CBK Governor Announces Launch of Second Round of Cyber Security Leaders Program (CSLP)

His Excellency the Governor of the Central Bank of Kuwait (CBK) and Chairman of the Institute of Banking Studies, Dr. Mohammad Y. Al-Hashel, announced the launch of the Second Cyber Security Leaders Program (CSLP). This comes within the Central Bank of Kuwait (CBK) strategy to develop national cadres in the field of banking, the national economy, and to build technical capabilities in information technology and information security, thus bolstering the financial and banking sector’s defenses against the risks of the accelerating developments in modern technology used in the sector’s information systems, ensuring that the latest technology is adopted with reduced risk.

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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, announced the launch of the “Kuwaiti Economic Researcher Award”, addressed to Kuwaiti researchers, and the “Kuwaiti Economic Student Award” addressed to undergraduate and postgraduate students aiming to promote scientific research in the economic and banking fields through motivating and encouraging national cadres to enhance their research competence according to high scientific standards in banking and finance fields. The Governor noted that the launch of this annual award by the CBK and Kuwaiti banks in collaboration with Kuwait Institute for Banking Studies (KIBS) is part of CBK’s and Kuwaiti banks’ strategic pursuit to uphold their social responsibility and entrench scientific methodology for addressing banking and finance issues. Ultimately, this would cultivate specialized and highly qualified national cadres in all aspects of the Kuwaiti banking and financial sector.

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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) is holding a workshop in coordination with the global rating agency Standard & Poor’s (S&P) addressing the topic of “Sovereign Rating and Bank Credit Rating Methodology”, scheduled for 30-31 October, 2018. This comes within CBK’s effort to uphold its social responsibility and serves to bolster national financial stability and capacity building in the fields of finance and economy.

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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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