31.12.19 Press Release

The State of Kuwait and the Kingdom of Saudi Arabia connect their points of sale via the GCCNET

The State of Kuwait and the Kingdom of Saudi Arabia connect their points of sale via the GCCNET.

More

31.12.19 Press Release

Key Developments in the Balance of Payments of the State of Kuwait for the Third Quarter of 2019

The Central Bank of Kuwait (CBK) published today the preliminary data of the State of Kuwait’s Balance of Payments (BoP) for 3Q 2019, and the revised data of 2Q 2019. The data revealed a surplus of KD 1,324.6 million in the Current Account (that sums up receipts and payments on transactions between the domestic economy and other economies in terms of goods, services and income) compared with a surplus of KD 2,816.9 million during the previous quarter, i.e. a drop by 53.0% equivalent to KD 1,492.4 million. This downturn is mainly attributable to the decline in the total value of receipts on the credit side of the Current Account by KD 2,249.2 million or 24.3% compared with the previous quarter, and the decrease in the total value of payments on the debit side of the Current Account by KD 756.8 million or 11.8% compared with the previous quarter. Furthermore, preliminary data indicated a drop in the surplus of the Balance on Goods by KD 442.1 million or 14.7% to reach KD 2,575.5 million during the third quarter of 2019, compared with KD 3,017.7 million during the previous quarter.

More

22.12.19 Press Release

CBK Announces an Updated Executives Education Program for Banking and Finance Executives with Harvard Business School for the 11th Year in a Row

Dr. Mohammad Y. Al-Hashel, Governor of the Central Bank of Kuwait, Chairman of the Board of Directors of the Institute of Banking Studies (IBS), announced that IBS will again work with Harvard Business School (HBS) to present a special and updated executive education program for banking and financial executives in the GCC region. Many aspects of the program have been restructured to reflect the latest trends in the evolving banking and financial services sector.

More

17.12.19 Press Statement

CBK Holds a Meeting with the Banking and Academic Sectors

The Central Bank of Kuwait (CBK) held a meeting with decision makers and experts in the banking and academic sectors on Monday, 16 December 2019.

More

16.12.19 Press Release

CBK Issues a Commemorative Coin to Mark the 5th Anniversary of H.H. The Amir Being Named “A Humanitarian Leader” for the Year 2014

In celebration of the 5th anniversary of His Highness the Amir, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah being named “A Humanitarian Leader” by the United Nations for the year 2014, His Excellency, Dr. Mohammed Y. Al-Hashel, Governor of the Central Bank of Kuwait stated that a commemorative coin has been issued by the Central Bank of Kuwait marking the occasion.

More

15.12.19 Press Release

CBK Announces Master's Degree Scholarship Program (MDSP) for the Sixth Year

His Excellency the Governor of the Central Bank of Kuwait (CBK) and Chairman of Institute of Banking Studies, Dr. Mohammad Y. Al-Hashel, announced that the CBK has launched for the sixth year running a Master’s Degree Scholarship Program (MDSP) in collaboration with Kuwaiti banks.

More

11.12.19 Press Statement

CBK Governor Keynote Speaker of 14th High Level Meeting for the Middle East & North Africa Region

CBK Governor Keynote Speaker of 14th High Level Meeting for the Middle East & North Africa Region Region, jointly organized by the Basel Committee on Banking Supervision, the Financial Stability Institute and the Arab Monetary Fund, on December 11, 2019 in Abu Dhabi, UAE.

More

10.12.19 Press Statement

CBK Develops Statistical Work

The Central Bank of Kuwait (CBK) has published today data on the International Investment Position and Total External Debt of the State of Kuwait in its quarterly statistical bulletin starting from Q1 (January-March) 2019. In line with the international best practices, CBK continuously strives to enhance statistical work through the development of statistical databases and provision of integrated and comprehensive data in terms of coverage, periodicity, timeliness, and quality. The newly introduced tables namely (44) and (44-1) & (46) and (46-1) reinforce principles of disclosures and transparency by including the State of Kuwait’s International Investment Position and Total External Debt, respectively, on an annual and quarterly basis.

More

09.12.19 Workshop

CBK Holds a Workshop on Information & Cyber Security

The Central Bank of Kuwait (CBK) hosted a workshop on information and cyber security on December 9, 2019 presented by Mr. Ross Knapp, J.P. Morgan's Head of Client Intelligence & Strategic Engagement and was attended by professionals in the Kuwaiti banking sector.

More

08.12.19 Press Statement

CBK Governor Patron and Keynote Speaker of the 8th Shura Fiqh Conference

His Excellency the Governor of the Central Bank of Kuwait (CBK) Dr. Mohammad Y. Al-Hashel delivered a keynote address at the 8th Shura Fiqh Conference on 8th December 2019 at the Four Seasons Hotel, Kuwait. The event took place under the Governor’s patronage.

More