Press Releases
CBK Unwinds Measures Imposed to Counter Pandemic After Banking Sector's Success in Overcoming its Impact
In line with continuous review of its regulatory instructions, the Central Bank of Kuwait has decided to start unwinding measures imposed since April 2020 to counter the negative implications from the COVID-19 pandemic, after the banking sector’s success in overcoming the first year of the crisis. The regulatory instructions and macro prudential tools had earlier been amended within CBK’s pre-emptive policy to ward off repercussions of the pandemic.
Announcing this decision, His Excellency the CBK Governor Dr. Mohammad Y. Al-Hashel said the easing of regulatory controls for banks had been implemented to safeguard the banking sector against the fallout of the pandemic, and bolster its capacity to extend credit to diverse economic sectors and enable them to withstand the crisis.
