Press Releases
CBK Affirms the Continuity of Banking Operations and the Resilience of the Banking Sector
In light of ongoing monitoring of geopolitical developments in the region, the Central Bank of Kuwait (CBK) affirms the Kuwaiti banking sector’s high degree of operational readiness and resilience, enabling it to continue providing all banking services efficiently and reliably under current circumstances. This is due to the measures taken by local banks, in accordance with the Central Bank's directives, to strengthen risk management systems, develop business continuity and emergency plans, upgrade digital infrastructure, and conduct regular drills simulating various potential scenarios. These measures enhance the preparedness of human resources and operational systems to handle emerging developments.
The Central Bank also clarifies that all financial payment systems in Kuwait are operating normally and stably around the clock, seven days a week, including public holidays. Financial payments are processed through banking channels, and checks issued in Kuwaiti dinars are being cleared electronically, supported by the CBK’s systems, primarily the Kuwait Automated Payment Settlement System and the Kuwait Electronic Check Clearing System.
Furthermore, the instant payment system "Wamd" continues to operate efficiently 24 hours a day and all days of week, including on public holidays, facilitating instant transfers between customers' bank accounts. The continued operation of the aforementioned systems reflects the efficiency and robustness of Kuwait’s financial and technological infrastructure, and the Central Bank’s commitment to ensuring the stability and continuity of electronic financial services under all circumstances.
Regarding cash services, the Central Bank noted that they remain available without interruption through the extensive branch network of local banks and ATMs distributed across all regions of Kuwait.
The Central Bank also affirmed that the banking sector maintains strong regulatory indicators reflecting the soundness of its financial position. Liquidity indicators and capital adequacy ratios exceed all regulatory requirements by comfortable margins, reinforcing banks’ ability to meet their obligations and continue providing banking services with high efficiency.
Finally, the Central Bank emphasizes its continued vigilant monitoring of developments and its readiness to take all necessary precautionary measures to strengthen the banking sector and maintain monetary and financial stability in the country.
