17.07.21 Press Statement

CBK launched the third update of "Eidity" App

The Central Bank of Kuwait (CBK) has developed a third update of the Eidity application for gifting Eidiyah (monetary gift) during the upcoming Eid Al-Adha season The service is provided in collaboration with Kuwaiti banks and the Shared Electronic Banking Company (Knet).

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15.07.21 Press Statement

CBK Organizes the Inaugural Financial Stability Report 2020 Symposium "Resilience in the Face of Adversity"

The Central Bank of Kuwait (CBK) is organizing an inaugural symposium unveiling the Financial Stability Report 2020, on Monday, 26 July 2021, at 10:00 am. The event planned promotes transparency and encourages informed public discourse on topics related to the Kuwaiti banking and financial sector.

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05.07.21 Press Statement

CBK Maintains Information Security ISO Certification

The Central Bank of Kuwait (CBK) announced the maintenance of its information security certification ISO/IEC 27001:2013. This main global standard specifies the requirements for establishing, implementing, maintaining and continually improving data security management systems within the context of the organization, particularly amid challenges posed by rapid developments in the banking and financial services sectors.

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30.06.21 Press Statement

Central Bank of Kuwait Attends BIS 91st Annual General Meeting

The Central Bank of Kuwait (CBK) on Tuesday 29 June 2021 attended the Bank for International Settlements (BIS) 91st Annual General Meeting. It is the second consecutive year that CBK attends as a shareholding institution. The meeting agenda included approving the audited financial statements of the BIS and the proposed dividend and profit allocation for the financial year 2020/21.

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28.06.21 Workshop

CBK Organizes a Workshop on Combating Money Laundering and Financing of Terrorism for Local Banks and Exchange Companies

The Central Bank of Kuwait conducts two workshops on 29 and 30 June 2021 in the field of Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for banking and financial units’ staff. The workshops aimed to enrich the particpants' knowledge of the related legal and regulatory requirements. It also clarified their responsibility to directly submit their reports to Kuwait Financial Intelligence Unit (KFIU), the mandated authority by virtue of the Law No. 106/2013.

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23.06.21 Press Statement

“Diraya” Campaign Addresses the Practice of Loan Encashment and its Inherent Risks

In an effort to enhance financial awareness across all segments of society and encourage the Kuwaiti banking sector’s social responsibility activities, the Central Bank of Kuwait is presenting new informative content addressing the practice of loan encashment and its serious inherent risks. This comes as part of the CBK-supervised “Diraya” campaign (Be Aware in Arabic) which is managed by Kuwait Banking Association (KBA) with the participation of all Kuwaiti banks.

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22.06.21 Press Statement

CBK issues a Second Batch of Commemorative Coins Marking 60th Anniversary of the National Currency and 40th Anniversary of Establishing the GCC

The Central Bank of Kuwait (CBK) announced the release of the second batch of commemorative coins marking the 60th anniversary of the issuance and circulation of the Kuwait national currency, as well as the 40th anniversary of the establishment of the Gulf Cooperation Council (GCC). A second batch was minted due to the high demand on the two commemorative coins upon their previous release.

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15.06.21 Press Statement

The Governor Receives the Graduates of Harvard Executive Leadership Program “Winning in Turbulent Times”

Dr. Mohammad Yousef Al-Hashel, the Governor of the Central Bank of Kuwait and the Chairman of the Board of Directors of the Institute of Banking Studies (IBS), receives the graduates of Harvard Executive Leadership Program “Winning in Turbulent Times”.

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Harvard Executive Leadership Program Image

14.06.21 Press Release

Key Developments in the Balance of Payments of the State of Kuwait for the Fourth Quarter of 2020

The Central Bank of Kuwait (CBK) published today the preliminary data of the State of Kuwait’s Balance of Payments (BoP) for 4Q 2020, and the revised data of 3Q 2020. The data revealed a surplus during 4Q 2020 of KD 3,546.4 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 2,354.9 million during the previous quarter, i.e. an increase by 50.6% equivalent to KD 1,191.5 million. This upturn is mainly attributable to the rise in the total value of receipts on the credit side of the Current Account by KD 1,251.0 million or 16.7% compared with the previous quarter, and the increase in the total value of payments on the debit side of the Current Account by KD 59.5 million or 1.2% compared with the previous quarter.

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13.06.21 Press Statement

CBK Announces the Publication of the Economic Report for the Year 2020

His Excellency the Governor of the Central Bank of Kuwait, Dr. Mohammad Y. Al-Hashel, announced the publication of the 49th issue of the Economic Report, published annually by the Central Bank of Kuwait (CBK). The 2020 Economic Report covers key economic developments, including the most recent data and statistics available on various aspects of economic performance in the State of Kuwait during said year. The report addresses these developments in six parts, each covering a major topic in detail.

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