Press Releases

Showing 10 of 53 Results

01.12.22 Announcement

Tenders Electronic Service is Available on CBK website

The tenders’ electronic service is available on CBK 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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24.11.22 Press Statement

CBK Regulatory Sandbox Adopts Sustainable FinTech Products and Services

As part of its efforts to support FinTech and keep pace with international best practices on sustainability to achieve social and climate-related goals, and in conjunction with the recently circulated guidelines issued by Central Bank of Kuwait (CBK) regarding Environmental Social Governance (ESG) considerations, the CBK announced priority will be given in its Regulatory Sandbox to test products and services that support sustainability standards.

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19.11.22 Press Statement

The First Issue (November 2022) Overview on the Key Economic, Monetary and Banking Developments

The Central Bank of Kuwait (CBK) launched the first quarterly issue (November 2022) to review the key economic, monetary and banking developments, and shed light on the most important indicators related to some selected countries during the third quarter of 2022. It is part of a series of new issues developed by the CBK, and will be issued on a quarterly basis.

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17.11.22 Press Statement

CBK Issues a Circular for Local Banks Regarding Sustainable Finance

The Central Bank of Kuwait (CBK) has issued a circular to local banks regarding guidelines on Sustainable Finance.

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12.11.22 Press Statement

CBK Awareness Campaign Continues to Successfully Raise Financial Awareness in its Second Year

Aiming to enhance financial awareness across all segments of society and inline with directives to broaden and enhance the Kuwaiti banking sector’s social responsibility efforts, the CBK announced that the “Be Aware” campaign is into its second year of success, with views across different social media platforms nearing the 86 million mark.

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06.11.22 Press Statement

CBK Governor Announces the Launch of the “Kuwaiti Economic Student Award” - 2022

The Governor of the Central Bank of Kuwait (CBK) and Chairman of the Board of Directors of the Institute of Banking Studies, Mr. Basel Ahmed Al-Haroun, announced the launch of the third round of the "Kuwaiti Economic Student Award", addressed to undergraduate and graduate students. The awards promote scientific research in the economic and banking fields through motivating and encouraging young national cadres to enhance their research competence according to high scientific standards in banking and finance fields.

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02.11.22 Press Statement

Domestic and International Economic Developments

The Central Bank of Kuwait (CBK) continuously monitors all international economic, monetary and geopolitical developments and their impact on the global economic conditions. In light of these developments and their repercussions, and based on the requirements and conditions of the unique nature of each economy, including our national economy, the CBK affirms that the available local economic and financial data and information confirm continued soundness and resilience of the monetary and financial stability conditions in the State of Kuwait.

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23.10.22 Press Statement

CBK to Test a Buy Now Pay Later (BNPL) Product within its Regulatory Sandbox

In light of the keenness of the Central Bank of Kuwait (CBK) to enable modern financial technologies in the State of Kuwait and to enhance its role in adopting and encouraging innovation, in a way that promotes the introduction of innovative business models, the CBK has allowed a new Buy Now Pay Later (BNPL) product to begin testing by launching thereof in the local market within the Regulatory Sandbox with a group of volunteer customers and merchants to fully assess and evaluate the product before the final launch in the market.

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10.10.22 Press Release

Eleventh Round of KGDP kicks off, Applications Open to Graduates Seeking Careers in Banking

Under the "Kafa’a" Initiative launched by the Central Bank of Kuwait in cooperation with the Institute of Banking Studies and Kuwaiti banks, the Institute of Banking Studies will be receiving applications for the eleventh round of the Kuwaiti Graduates Development Program (KGDP) for those interested in a career in banking as of 10 October and until 17 November 2022.

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09.10.22 Press Statement

CBK to Test e-Wallet Product within its Regulatory Sandbox

As part of its efforts to enable new fintech in the State of Kuwait to deploy more innovative business models, the Central Bank of Kuwait (CBK) announced that it has approved the soft launch of a new product in the local market within its Regulatory Sandbox by applying it to a group of volunteer customers to evaluate the product before the final approval thereof.

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