Press Releases

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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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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