Press Releases

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).

More

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.

More