Press Releases

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03.12.23 Press Statement

CBK's 51st Annual Report (2022/2023)

The Central Bank of Kuwait (CBK) released its 51st edition of the Annual Report for the Fiscal Year 2022/23 including the foremost monetary and banking developments, as well as the CBK’s efforts to maintain the monetary and financial stability. The report contains the auditors’ report on the Bank’s financial statements as of 31 March 2023.

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03.12.23 Press Statement

CBK Giving Special Attention to People with Disabilities

As part of its’ endeavors to enhance financial inclusion, the Central Bank of Kuwait (CBK) continues to devote its attention towards the banking sector’s special needs customers and provide them with banking and financial services that align with their needs through its supervisory instructions to Kuwaiti banks, and its continuous monitoring of the services provided to this particular segment.

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26.11.23 Press Statement

CBK Launches the Third Cohort of the "Risk Management Leaders Program"

As part of the Central Bank of Kuwait’s (CBK) strategic endeavor to build highly qualified national cadres in various financial and banking fields, and develop risk management capabilities, which has great importance in enhancing the banking environment and in fortifying financial operations, the Governor of the Central Bank of Kuwait and Chairman of the Board of Directors of the Institute of Banking Studies (IBS) Basel A. Al-Haroon, launched the third cohort of the Risk Management Leaders Program, within the Kafa’a initiative undertaken by the CBK in collaboration with Kuwaiti banks and managed by the Institute of Banking Studies (IBS).

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19.11.23 Press Statement

CBK Launches the Fifth Round of the "Certified Shari’ah Auditor" Certificate Program

The Governor of the Central Bank of Kuwait and Chairman of the Board of Directors of the Institute of Banking Studies, Basel A. Al-Haroon, announced the launch of the fifth round of the Certified Shari’a Auditor Certificate Program. The program aims at enhancing the governance of Shari’a supervision in the Islamic banks in Kuwait and reinforcing Shari’a auditing in such banks. The program was launched as part of the Kafa’a initiative by CBK in collaboration with Kuwaiti banks and is managed by the Kuwait Institute of Banking Studies (KIBS).

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16.11.23 Press Release

CBK Announces the 15th Session of Harvard Business School (HBS) 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 (KIBS), Basel A. Al-Haroon, announced that KIBS will present the fifteenth cohort of the Harvard Business School Program, 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.

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09.11.23 Press Statement

CBK Governor Honors the Winners of "2022 Kuwaiti Economic Student Award" and Announces the Launch of "2023 Kuwaiti Economic Student Award"

The Central Bank of Kuwait (CBK) held a ceremony to honor the winners of the “Kuwaiti Economic Student Award”. The CBK Governor and Chairman of the Institute of Banking Studies (IBS), Basel Ahmed Al-Haroon, and a host of elite banking sector figures attended the event on Thursday, November 9, 2023, at CBK Headquarters.

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06.10.23 Press Statement

CBK & Kuwait Institute of Banking Studies Honors the 3rd Cohort of the “Cybersecurity Leaders Program” Graduates

Under the patronage of the Governor of the Central Bank of Kuwait (CBK) and Chairman of the Institute of Banking Studies (IBS), IBS honored the graduates of the 3rd cohort of the “Cybersecurity Leaders Program” held from 16 July to 05 October 2023, as part of the strategic cooperation with SANS Academy (Cybersecurity Training Institute) and the Bank of International Settlements (BIS). This program is part of “Kafa’a” initiative launched by CBK in cooperation with Kuwaiti banks to develop and qualify national cadres through the management of the Kuwait Institute of Banking Studies since 2018.

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25.09.23 Press Statement

The Initiative to Launch CBK Purchasing Managers’ Index

As part of its efforts to achieve further progress in providing adequate information and data and making them available in due time to monitor the developments of the local economic activities, thus allowing policy makers and interested parties, e.g. investors or relevant international and global organizations, to observe the economic conditions and policies in a manner that fosters informed decision-making, the Central Bank of Kuwait (CBK) developed a questionnaire for the Purchasing Managers’ Index (PMI). The said index enables prompt data collection, processing and analyses to be produced in the form of timely and accurate periodic reports reflecting the real developments of the economic activity in the State of Kuwait.

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19.09.23 Press Statement

CBK’s Systems Remain Sound and Robust

The Central Bank of Kuwait’s (CBK) announces that its Systems Remain Sound and Robust.

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15.09.23 Press Statement

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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