Press Releases

Showing 10 of 28 Results

04.05.22 Press Release

CBK Raises Discount Rate by a Quarter Percentage Point

The Governor 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 0.25% from 1.75% to 2.00% effective May 05, 2022. This decision reflects the CBK‘s vigilant monitoring of domestic and international economic and geopolitical developments that resulted in all-time high global inflation rates, mainly driven by increased commodity and energy prices and continuous supply chain disruptions, which constitute a key source of imported inflation affecting the consumer price index in the State of Kuwait.

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27.04.22 Press Statement

CBK Instructs Local Banks to Share Financial Transactions Data

Central Bank of Kuwait instructs local banks to share financial transactions data.

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24.04.22 Press Statement

CBK to Provide ATMs for “Eidiyah” in Shopping Malls

Due to the increasing demand on all KD denominations for distributing Eidiyah (monetary gift), the Central Bank of Kuwait (CBK) announced the provision of Automated Teller Machines (ATMs) in a number of shopping malls during the Eid.

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16.04.22 Press Statement

CBK Provides Banks with New Currency Notes for Eid Al-Fitr

The Central Bank of Kuwait (CBK) announced the completion of the process of providing all local banks with new Kuwait currency notes of various denominations to meet the needs of citizens and residents on the occasion of approaching Eid Al-Fitr.

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07.04.22 Press Statement

Standard & Poor's Ratings Update on the State of Kuwait

Standard & Poor's Affirms State of Kuwait Ratings at (A+).

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31.03.22 Press Statement

Central Bank of Kuwait Governor Expresses Gratitude to the Political Leadership

The Central Bank of Kuwait’s (CBK) Governor, Dr. Mohammad Y. Al-Hashel expresses gratitude to the political leadership.

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31.03.22 Press Statement

CBK Issues a Special Report on its Measures through the Global Financial Crisis and Coronavirus Pandemic

The Central Bank of Kuwait (CBK) issued a special report titled “A Decade between Two Crises” to document its efforts and responses to the key shifts in global finance and the banking industry during 2010-2020, and its proactive approach in prudently reinforcing the resilience of the banking sector.

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28.03.22 Press Statement

International Monetary Fund Concludes 2021 Article IV Consultation with the State of Kuwait

International Monetary Fund (IMF) concludes 2021 Article IV consultation with the State of Kuwait.

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27.03.22 Press Release

CBK Concludes Public Consultation on E-Payment Instructions in Preparation for its Official Issuance

The Central Bank of Kuwait (CBK) concluded its public consultation on the draft updated instructions published on January 31, 2022. The instructions were updated to keep abreast of developments in Fintech and e-payments, introduce governing frameworks, enable Fintechs to offer value-added services, and supersede the 2018 instructions.

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23.03.22 Press Release

CBK Launches Second Cohort of the Risk Management Leaders Program

As part of the Central Bank of Kuwait’s efforts to support the Kuwaiti economy and develop national cadres through building capacity of staff in risk management, which has great importance in enhancing the banking environment and in fortifying financial operations, and within the Kafa’a initiative undertaken by the CBK in collaboration with Kuwaiti banks and managed by the Institute of Banking Studies (IBS), the second cohort of the Risk Management Leaders Program begins.

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