Press Releases

27.07.21Press Statement

CBK Publishes the Annual Report for the FY 2020/2021

The Central Bank of Kuwait (CBK) published its 49th Annual Report for the 2020/2021 fiscal year, which includes audited financial statements for the period until March 31, 2021 and encompasses CBK’s efforts for said year.

The Governor of the Central Bank of Kuwait, Dr. Mohammad Y. Al-Hashel stated that it has undoubtedly been an exceptional year, taking into consideration the Central Bank of Kuwait’s success in facing a multitude of challenges that have risen due to the Coronavirus pandemic. This crisis has been unprecedented, reaching all corners of the globe since it was first discovered at the end of 2019, until the present day. Total and partial lockdowns in various countries around the world also affected supply and demand, which placed a hiatus on economic activity and ultimately led to massive employment loss and incurred huge damage to several economic sectors. Locally, the impact of the crisis was compounded by the drop in oil prices, which called for more spending in the face of income loss.

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