Press Releases

Showing 10 of 19 Results

17.09.20 Press Statement

CBK Underlines the Importance of Appointing Nationals in the Banking Sector

In its meeting with the local banks, CBK underlines the importance of developing job opportunities for national talent in the banking sector.

More

07.09.20 Press Statement

CBK Announces the Publication of the Annual Report for the FY 2019/20

His Excellency, the Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, announced the publication of CBK’s 48th Annual Report for Fiscal Year (FY) 2019/20, including the audited financial statements (the Balance Sheet and Profit and Loss Account) of the CBK for the FY ended 31st March 2020. The report also comprises the key developments in the main monetary aggregates and banking indicators, the Kuwaiti Dinar (KD) exchange rate, domestic interest rates, money supply, deposits, bank credit, domestic liquidity, public debt instruments, aggregate balance sheet of local banks, and domestic inflation rate. Furthermore, the report encompasses CBK’s regulatory and supervisory efforts for said year, as well as major banking operations and key tasks performed by CBK to enhance staff performance and upgrade its IT infrastructure.

More

22.08.20 Press Statement

CBK Announces the Publication of the Economic Report for the Year 2019

His Excellency the Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, announced the publication of the Economic Report for the year 2019, which is the 48th such report in a series prepared and published by the bank. Dr. Al-Hashel indicated that the report contains the latest available data and statistics on various aspects of the economic performance of the State of Kuwait and is composed of six major parts, each dedicated to a key topic.

More

19.07.20 Press Statement

CBK Announces the Publication of the Financial Stability Report for the Year 2019 and Kuwaiti Banks' Stress Test Results

The Governor of the Central Bank of Kuwait (CBK) Dr. Mohammad Al-Hashel announced the issuance of CBK’s 2019 Financial Stability Report, the eighth report prepared and issued as the bank seeks to boost transparency by providing reliable information and statistics on the Kuwaiti banking and finance sector.

More

19.07.20 Press Statement

CBK is Committed to its Foreign Exchange Rate Regime

His Excellency the Governor of the Central Bank of Kuwait, Dr. Mohammad Y. Al-Hashel affirmed the CBK’s commitment to its foreign exchange rate regime.

More

30.06.20 Press Statement

Reopening Protocols for CBK and Banking Sector

To ensure safe and orderly return of banks’ staff in the context of the current COVID-19 outbreak, CBK publishes its own "Return to Work" protocols, and oversees similar protocols for banks and their branches concurrently with the start of the Stage 2 of the phased return to work plan that kicks off on 30-6-2020.

More

30.05.20 Press Statement

CBK Role in Anti-Money Laundering and Combating the Financing of Terrorism

Central Bank of Kuwait's role in anti-money laundering and combating the financing of terrorism

More

17.05.20 Press Statement

CBK launched the Eedeti Electronic Initiative

The Central Bank of Kuwait (CBK) launched the "Eedeti/ 3edeti" electronic initiative in cooperation with Kuwaiti banks and KNET, to provide an electronic service that meets the needs of citizens and residents on the occasion of Eid Al-Fitr.

More

10.05.20 Press Statement

Key Developments in the Balance of Payments of the State of Kuwait for the Year 2019

The Central Bank of Kuwait (CBK) published the preliminary data of the State of Kuwait’s Balance of Payments (BoP) for the year 2019 and the revised data of the year 2018, in addition to the preliminary data of the State of Kuwait’s (BoP) for Q4 2019 and the revised data of Q3 2019.

More

02.04.20 Press Release

CBK Offers Regulatory Stimulus Package for Local Banks to Face Coronavirus Fallout

The Central Bank of Kuwait (CBK) announced today it has adjusted its regulatory instructions and macro prudential policy tools to empower the banks’ ability to perform their vital role, provide financing to productive economic sectors, and offer liquidity to help businesses continue operations. This aims to avoid turning a shortage in liquidity from turning into long-term solvency issues. These instructions are part of previous actions taken to support vital economic sectors and enterprises with added value to the local economy and to support people and small and medium enterprises and businesses who have been negatively affected by the current circumstances.

More