Press Releases
The Governor Honors the Distinguished Supporters of the “Diraya” Campaign
The Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, honored distinguished Kuwaiti banks for their efforts in supporting the banking awareness campaign “Be Aware”, “Diraya” in Arabic. The banks participated by communicating with customers through their digital platforms and social networks’ accounts, as well as organizing activities and disseminating content to increase public awareness on a range of topics related to financial and banking.
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National Bank of Kazakhstan Requests CBK Insight on E-Settlement Systems, BIS Membership
The Central Bank of Kuwait (CBK) was invited to a consultative session by the National Bank of Kazakhstan, which focused on monetary policy, regulatory policy, and electronic settlement systems. The virtual meeting, held on Monday, October 18, 2021, also shed light on CBK’s membership within the Bank for International Settlements (BIS).
MoreCBK Unwinds Measures Imposed to Counter Pandemic After Banking Sector's Success in Overcoming its Impact
In line with continuous review of its regulatory instructions, the Central Bank of Kuwait has decided to start unwinding measures imposed since April 2020 to counter the negative implications from the COVID-19 pandemic, after the banking sector’s success in overcoming the first year of the crisis. The regulatory instructions and macro prudential tools had earlier been amended within CBK’s pre-emptive policy to ward off repercussions of the pandemic.
MoreCBK & Kuwait Financial Intelligence Unit (KFIU) Sign Memorandum of Understanding
In an effort to enhance cooperation and coordination between the Central Bank of Kuwait (CBK) and the Kuwaiti Financial Intelligence Unit (KWFIU) within the framework of Law No. (106) of 2013 concerning Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT), the CBK and KWFIU signed a memorandum of understanding, on Wednesday morning October 6, 2021, regarding the cooperation and information exchange in the field of AML/CFT and related crimes, at the CBK headquarters.
MoreState of Kuwait Participates in "World Investor Week"
The State of Kuwait, represented by the Capital Markets Authority (CMA) and the Central Bank of Kuwait (CBK), participates in the "World Investor Week", held during the period (4-11 October 2021) under the umbrella of the "International Organization of Securities Commissions" (IOSCO).
MoreKey Developments in the Balance of Payments of the State of Kuwait for the First Quarter of 2021
The Central Bank of Kuwait (CBK) published today the preliminary data of the State of Kuwait’s Balance of Payments (BoP) for Q1 2021, and the revised data of Q4 2020. The data revealed a surplus during Q1 2021 of KD 1,599.5 million in the Current Account (that sums up receipts and payments on transactions between the domestic economy and other economies in terms of goods, services and income) against a surplus of KD 3,648.1 million during the previous quarter, i.e. a drop by 56.2% equivalent to KD 2,048.6 million. This downturn is attributable to the decline in the total value of receipts on the credit side of the Current Account by KD 2,287.4 million or 25.9% compared with the previous quarter, and the decrease in the total value of payments on the debit side of the Current Account by KD 238.8 million or 4.6% compared with the previous quarter.
MoreKafa’a Initiative Launches the Tenth Round of KGDP for Graduates Seeking Banking Career
Within the “Kafa’a” Initiative launched by the Central Bank of Kuwait in cooperation with the Institute of Banking Studies and Kuwaiti banks, the tenth round of the Kuwaiti Graduates Development Program (KGDP) will be receiving applications by those interested in a career in banking as of 19 September and till 4 November 2021, the CBK announced.
MoreCBK Launches New KASSIP System Part of “Kuwait National Payments System Project”
Aiming to enhance the banking environment in the country in line with ongoing development of payment systems, the Central Bank of Kuwait (CBK) launched the new Kuwait Automated Settlement System for Inter-participant Payments (KASSIP), the CBK Governor Dr. Mohammad Y. Al-Hashel stated. This was one of a series of projects geared to entrench financial stability in the country through an integrated network of electronic payment systems at par with international standards and criteria in the field of payments and settlement, he added.
MoreKey Developments in the Balance of Payments of the State of Kuwait for the Year 2020
The Central Bank of Kuwait (CBK) published today the preliminary data of the State of Kuwait’s Balance of Payments (BoP) for 2020, and the revised data of 2019. The external transactions of the Kuwaiti economy showed its ability to overcome the negative impact of the COVID-19 pandemic, as the preliminary data of the Balance of Payments revealed a surplus during 2020 of KD 6,857.8 million in the Current Account (that sums up receipts and payments on transactions between the domestic economy and other economies in terms of goods, services and income) against a surplus of KD 10,125.0 million during the previous year, i.e. a drop by KD 3,267.2 million or 32.3%. This downturn is mainly attributable to the decline in the total value of receipts on the credit side of the Current Account by KD 8,047.6 million or 23.6% compared with the previous year, and the decrease in the total value of payments on the debit side of the Current Account by KD 4,780.4 million or 19.9% compared with the previous year.
MoreCBK Launches Public Tenders' Electronic Service
The Central Bank of Kuwait (CBK) launches public tenders’ electronic service on the bank’s official website, in which companies and institutions can view tenders offered by the CBK and obtain all information and terms of references after registration through the designated page: https://tendering.cbk.gov.kw
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