Press Releases
CBK Announces the Release of Annual Report for the Fiscal Year 2014/15
His Excellency, the Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, announced the release of the Annual Report of the CBK for the fiscal year (FY) 2014/15. The Governor clarified that this 43rd issue of the series of Annual Reports prepared and published by the CBK contains the CBK Balance Sheet, the Profit & Loss Account for FY ending 31st March 2015, in addition to the Auditors' Report on the financial statements.
His Excellency, the Governor added that the CBK's Annual Report for 2014/15 FY reviews, in brief, key developments in monetary policy and monetary and banking indicators, in particular those relating to money supply, local interest rates, KWD exchange rates, bank credit, and aggregate balance sheets of local banks and investment companies. In addition, the Annual Report contains the main supervisory measures and directives issued by the CBK, and major banking operations carried out during FY 2014/15.
His Excellency, the Governor also pointed out that this Annual Report outlines the CBK's efforts during FY 2014/15 to implement projects covered by the Annual Plan, noting that these projects are of an ongoing nature and relate to the core objectives of the CBK. Moreover, the Report presents the CBK's main initiatives for the enhancement of competency of the CBK's manpower as well as measures taken toward modernisation and the upgrade of the CBK's information technology infrastructure.
His Excellency, the Governor concluded by pointing out that the Annual Report for FY 2014/15 is now available on the CBK official website.
