05.10.21 Press Statement

State of Kuwait Participates in "World Investor Week"

The State of Kuwait, represented by the Capital Markets Authority (CMA) and the Central Bank of Kuwait (CBK), participates in the "World Investor Week", held during the period (4-11 October 2021) under the umbrella of the "International Organization of Securities Commissions" (IOSCO).

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20.09.21 Press Release

Key Developments in the Balance of Payments of the State of Kuwait for the First Quarter of 2021

The Central Bank of Kuwait (CBK) published today the preliminary data of the State of Kuwait’s Balance of Payments (BoP) for Q1 2021, and the revised data of Q4 2020. The data revealed a surplus during Q1 2021 of KD 1,599.5 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) against a surplus of KD 3,648.1 million during the previous quarter, i.e. a drop by 56.2% equivalent to KD 2,048.6 million. This downturn is attributable to the decline in the total value of receipts on the credit side of the Current Account by KD 2,287.4 million or 25.9% compared with the previous quarter, and the decrease in the total value of payments on the debit side of the Current Account by KD 238.8 million or 4.6% compared with the previous quarter.

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19.09.21 Press Release

Kafa’a Initiative Launches the Tenth Round of KGDP for Graduates Seeking Banking Career

Within the “Kafa’a” Initiative launched by the Central Bank of Kuwait in cooperation with the Institute of Banking Studies and Kuwaiti banks, the tenth round of the Kuwaiti Graduates Development Program (KGDP) will be receiving applications by those interested in a career in banking as of 19 September and till 4 November 2021, the CBK announced.

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30.08.21 Press Release

CBK Launches New KASSIP System Part of “Kuwait National Payments System Project”

Aiming to enhance the banking environment in the country in line with ongoing development of payment systems, the Central Bank of Kuwait (CBK) launched the new Kuwait Automated Settlement System for Inter-participant Payments (KASSIP), the CBK Governor Dr. Mohammad Y. Al-Hashel stated. This was one of a series of projects geared to entrench financial stability in the country through an integrated network of electronic payment systems at par with international standards and criteria in the field of payments and settlement, he added.

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29.08.21 Press Statement

Key Developments in the Balance of Payments of the State of Kuwait for the Year 2020

The Central Bank of Kuwait (CBK) published today the preliminary data of the State of Kuwait’s Balance of Payments (BoP) for 2020, and the revised data of 2019. The external transactions of the Kuwaiti economy showed its ability to overcome the negative impact of the COVID-19 pandemic, as the preliminary data of the Balance of Payments revealed a surplus during 2020 of KD 6,857.8 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) against a surplus of KD 10,125.0 million during the previous year, i.e. a drop by KD 3,267.2 million or 32.3%. This downturn is mainly attributable to the decline in the total value of receipts on the credit side of the Current Account by KD 8,047.6 million or 23.6% compared with the previous year, and the decrease in the total value of payments on the debit side of the Current Account by KD 4,780.4 million or 19.9% compared with the previous year.

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15.08.21 Press Statement

CBK Launches Public Tenders' Electronic Service

The Central Bank of Kuwait (CBK) launches public tenders’ electronic service on the bank’s official website, in which companies and institutions can view tenders offered by the CBK and obtain all information and terms of references after registration through the designated page: https://tendering.cbk.gov.kw

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10.08.21 Press Statement

CBK Announces the Launch of "Kuwaiti Economic Researcher Award" and "Kuwaiti Economic Student Award" – 2021

Dr. Mohammad Y. Al-Hashel, Governor of the Central Bank of Kuwait and Chairman of the Board of Directors of the Institute of Banking Studies, announced the launch of the third round of the "Kuwaiti Economic Researcher Award," addressed to Kuwaiti researchers, and the second round of the "Kuwaiti Economic Student Award," addressed to undergraduate and graduate students. The awards promote scientific research in the economic and banking fields through motivating and encouraging national cadres to enhance their research competence according to high scientific standards in banking and finance fields. The Governor noted that these annual awards offered by the CBK and Kuwaiti banks and managed by the Kuwait Institute for Banking Studies (KIBS) is part of CBK’s and Kuwaiti banks’ strategic pursuit to uphold their social responsibility and entrench scientific methodology for addressing banking and finance issues. Ultimately, this would cultivate specialized and highly qualified national cadres in all aspects of the Kuwaiti banking and financial sector.

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27.07.21 Press 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.

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26.07.21 Press Statement

CBK Held Financial Stability Report Symposium with Participation of Local and International Experts

The Central Bank of Kuwait (CBK) held a symposium launching the 9th Financial Stability Report for 2020 on Monday 26 July 2021 at 10:00 a.m. at the CBK headquarters as well as through online channels. The planned event intended to address the major economic developments at both domestic and international levels, and presented an overview on the financial sector in the State of Kuwait. The event hosted prominent economists as panelists and discussants from locally and globally renowned institutions.

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17.07.21 Press Statement

Standard & Poor's Lowers State of Kuwait Ratings to 'A+'; Outlook Remains Negative

Standard & Poor's Global Ratings: State of Kuwait Ratings Lowered to 'A+' on lack of comprehensive funding strategy; Outlook remains negative.

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