Press Releases
CBK Organizes (AML/CFT) Workshops
The Central Bank of Kuwait (CBK) is organizing two workshops for local banks and exchange companies on topics of Anti-Money Laundering and Combating Terrorist Financing (AML/CFT) measures, international recommendations in this regard, and recent amendments to CBK instructions to local banks and exchange companies in this area. The workshops are organized within the effort to enhance the Bank’s supervisory role and encourage staff capacity building within the banking and finance sector it regulates.
More"Diraya" Campaign Continuous Success in Promoting Financial Literacy and Spreading Banking and Financial Awareness
CBK continues its vital role in the banking awareness campaign “Let’s Be Aware” launched in cooperation with the Kuwait Banking Association (KBA), Kuwaiti banks and numerous public and private entities to spread financial and banking awareness and protect customers' rights in light of the development of banking services and associated risks, most notably electronic fraud and its various techniques.
MoreCBK Affirms the Stability and Solidity of the Kuwaiti Banking System Units
Amid news of the United States regulators’ shutting down of Silicon Valley Bank, the Central Bank of Kuwait (CBK) assures “Kuwaiti banks’ exposure to said bank is extremely insignificant, as asserted through the CBK’s direct communication with local banks” the CBK Governor, Basel Al-Haroon stated. Furthermore, the banking system units’ position is both stable and resilient, supported by ample capital buffers.
MoreCBK Affirms Women Empowerment in the Banking Sector
On the occasion of International Women’s Day celebrated annually on 08 March, and as part of the efforts to empower women and enable them to carry out their vital role in development, the Central Bank of Kuwait (CBK) affirmed its commitment to empowering women at all levels in line with the “New Kuwait 2035” Vision and the fifth goal of the United Nations’ 2030 Agenda for Sustainable Development, specifically gender equality and women empowerment.
MoreCBK Hosts a Workshop on the Supervision and Regulation of FinTech Provided by IMF’s Middle East Center for Economics and Finance (CEF)
Central Bank of Kuwait (CBK) hosts a workshop on the supervision and regulation of FinTech provided by International Monetary Fund's (IMF) Middle East Center for Economics and Finance (CEF).
MoreCBK Honors Distinguished Supporters of "Diraya" Campaign in its Second Year
The Central Bank of Kuwait (CBK) honored Kuwaiti banks for supporting the banking awareness campaign "Diraya” by leveraging all their capabilities and tools to spread awareness and increase financial literacy through digital and social media as well as activities to engage the community on a wide scale. The campaign was launched by CBK in collaboration with Kuwait Banking Association (KBA) and all local banks.
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The Second Issue (February 2023) Overview on Inflation, Monetary Policy and Sustainable Financing
The Central Bank of Kuwait (CBK) releases the second quarterly issue (February 2023) to review inflation, monetary policy and sustainable financing. It is part of a series of new issues developed by the CBK, which is issued on a quarterly basis.
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CBK Announces the 14th Session of Harvard Business School (HBS) In-Person Program for Banking and Financial Executives
The Governor of the Central Bank of Kuwait (CBK) and Chairman of the Board of Directors of the Institute of Banking Studies (IBS), Basel A. Al-Haroon, announced that IBS shall organize the 14th session of Harvard Business School Program. The program is specifically designed to develop executives in GCC banks and financial institutions, in light of the changes in the business world, and the needs of the banking and financial sectors.
MoreCBK Raises the Discount Rate by a Half Percentage Point
The Governor and the Chairman of the Board of Directors of the Central Bank of Kuwait (CBK), Basel A. Al-Haroon, stated that the CBK Board of Directors decided to raise the discount rate by 0.50% from 3.5% to 4.0% effective January 26, 2023.
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Fitch Ratings Affirms State of Kuwait Sovereign Credit Rating at (AA-); Outlook Stable
Fitch Ratings Affirms State of Kuwait Sovereign Credit Rating at (AA-); Outlook Stable
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