Press Releases
CBK Honors Banks for Outstanding Awareness and Education Efforts in 2024
The Governor of the Central Bank of Kuwait (CBK), Basel A. Al-Haroon, honored Kuwaiti banks for their outstanding performance in supporting the banking awareness campaign "Diraya” launched by CBK in collaboration with Kuwait Banking Association (KBA). These banks harnessed their full capabilities to engage with customers through digital channels and social media platforms, while also organizing initiatives tailored to diverse segments of society. Their efforts aimed to maximize the campaign’s outreach and promote public awareness on a broad spectrum of financial and banking topics.
MoreCBK Launches "Fraud Shield Initiative Accelerator Program"
The Central Bank of Kuwait (CBK) is pleased to announce the launch of the “Fraud Shield Initiative Accelerator Program”, a strategic initiative aimed at enhancing electronic financial fraud detection, prevention, and public awareness across the financial sector. The program will bring together banks, payment service providers (PSPs), fintech innovators, and regulatory bodies to develop cutting-edge solutions that safeguard financial transactions and protect consumers. With the rise of sophisticated electronic financial fraud schemes, this initiative is designed to strengthen consumer protection, support regulatory compliance, and encourage fintech innovation.
MoreDeadline Approaching for Exchange of 5th Issue Banknote
The Central Bank of Kuwait (CBK) stated a reminder that the deadline to exchange banknote of the 5th edition of the Kuwaiti Dinar is fast approaching, set to six days from now, 18 April 2025, after which no banknotes may be exchanged.
MoreOperating Local Payment Systems at CBK During Weekends & Official Holidays
The Central Bank of Kuwait (CBK), the operator and regulator of the national payment systems infrastructure, issued a circular to all local banks on 16 March 2025 regarding the working hours of Kuwait's Automated Settlement System for Inter-Participant Payments (KASSIP) and Kuwait Electronic Cheque Clearing System (KECCS) during weekends and public holidays starting 01 April 2025 as follows:
MoreCBK Deadline for Exchange of the 5th Issue Banknotes
The Central Bank of Kuwait (CBK) announces the deadline for exchanging banknotes of the fifth issue as Friday 18 April 2025. Therefore, the CBK urges those holding banknotes of the outdated fifth issue to visit its Banking Hall to present the necessary documentation to exchange them during official working hours from 8:00 a.m. to 2:00 p.m (from 10:00 am to 1:00 pm during the month of Ramadan). Any exchange request after the said date will be disregarded.
MoreCBK Celebrates International Women’s Day
As part of Central Bank of Kuwait’s drive to empower women to fulfil their vital role in development, the Bank affirmed its support to women, as it provides one of the most prominent examples of women’s active role within Kuwaiti society in all professions and their marked performance across sectors.
MoreFitch 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
MoreThe 84th Meeting of the Committee of the Governors of the Central Banks in the GCC Countries
The Gulf Cooperation Council (GCC) Central Banks Governors Committee convened its 84th meeting on Thursday, 20 February 2025, hosted by the State of Kuwait and presided by Central Bank of Kuwait Governor Basel Al-Haroon.
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CBK Launches the Sixth "Certified Shari'a Auditor" Program
The Governor of the Central Bank of Kuwait Basel A. Al-Haroon announced the sixth round of the “Certified Shari'a Auditor” Program, geared towards enhancing governance of Shari'a auditing in the Islamic banks business in Kuwait. The program is part of “Kafa’a Initiative” which was launched in collaboration with Kuwaiti banks and is managed and executed by Kuwait Institute of Banking Studies (KIBS).
MoreCBK Holds the Fourth Annual MENA Central Banks Regional Research Network Conference in Collaboration with World Bank
As part of its constant efforts to strengthen the regional cooperation and address critical economic concerns, the Central Bank of Kuwait (CBK) held the Fourth Annual MENA Central Banks Conference under the theme "Navigating the Challenges of Uncertainty, Climate Change, and Debt" from 28 to 30 January 2025.
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