Press Releases
04.06.25 Press Statement
CBK Issues Draft Open Banking Regulatory Framework
In keenness to keep up with the latest FinTech innovations, the Central Bank of Kuwait (CBK) announced issuing a draft Open Banking Regulatory Framework.
More29.05.25 Press Release
Central Bank of Kuwait Launches Fifth Edition of "Cybersecurity Leaders Program"
As part of the CBK’s strategy to develop qualified national cadres in the banking sector and national economy, and to build technical capacities in the field of cybersecurity and strengthen the resilience of the financial and banking sector against the risks associated with the rapid advancement of modern technologies used in the sector’s information systems, CBK is keen to adopt the latest technologies while minimizing their risks.
More28.05.25 Press Release
KIBS Launches FinTech MBA Internal Scholarship Program for Kuwaitis in Cooperation with Gulf University
In light of CBK’s strategy to develop qualified national cadres in the financial and banking sector, and in response to the changes in this field, the Kuwait Institute of Banking Studies (KIBS) announces the launch of FinTech MBA internal scholarship program for Kuwaitis, in cooperation with Kuwaiti banks and Gulf University for Science and Technology (GUST)
More22.05.25 Press Statement
The Central Bank Publishes a Statement on the Penalties Applied to Entities Under Supervision
In order to ensure compliance with the requirements of combating ML/TF/PF, with regards to international standards (recommendations issued by the Financial Action Task Force “FATF”), and what is stated in the updated methodology for the year (2022) that was developed to assess technical compliance with the recommendations regarding the penalties (sanctions) imposed for failure to comply with these requirements, which were ensured to be “effective, proportionate and deterrent” so that they are applied in a manner commensurate with the size and seriousness of the violation or contravention, while urging the supervisory authorities to publish the penalties imposed on the violating entities.
More21.05.25 Press Release
CBK Develops an Innovative Technology for Generating Cryptographic Keys
As part of the Central Bank of Kuwait’s commitment to fostering innovation, and in recognition of the vital role played by its Innovation Hub “Wolooj” in driving progress in artificial intelligence, digital transformation, cybersecurity, financial technology, and regulatory and supervisory technologies, by providing an interactive environment for the development and testing of innovative products and services.
More01.05.25 Press Statement
CBK Hosts Monetary Policy Workshop Organized by the International Monetary Fund’s Middle East Center for Economics and Finance (CEF)
The Central Bank of Kuwait (CBK) stated that as part of its ongoing efforts to train and develop the national and GCC cadres to promote monetary policy and best practices, the CBK hosted a workshop with the participation of representatives from central banks of GCC countries. The workshop discussed selected topics in the field of monetary policy and a case study entitled "Implementation of Monetary Policy in Fixed Exchange Rate Systems under Uncertainty", organized by the IMF’s Middle East Center for Economics and Finance (CEF) during the period April 28 - May 1, 2025.
More28.04.25 Press Statement
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.
More15.04.25 Announcement
CBK 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.
More13.04.25 Press Statement
Deadline 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.
More16.03.25 Press Statement
Operating 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:
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