19.11.23 Press Statement

CBK Launches the Fifth Round of the "Certified Shari’ah Auditor" Certificate Program

The Governor of the Central Bank of Kuwait and Chairman of the Board of Directors of the Institute of Banking Studies, Basel A. Al-Haroon, announced the launch of the fifth round of the Certified Shari’a Auditor Certificate Program. The program aims at enhancing the governance of Shari’a supervision in the Islamic banks in Kuwait and reinforcing Shari’a auditing in such banks. The program was launched as part of the Kafa’a initiative by CBK in collaboration with Kuwaiti banks and is managed by the Kuwait Institute of Banking Studies (KIBS).

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16.11.23 Press Release

CBK Announces the 15th Session of Harvard Business School (HBS) Program for Banking and Financial Executives

The Governor of the Central Bank of Kuwait (CBK) and Chairman of the Board of Directors of the Institute of Banking Studies (KIBS), Basel A. Al-Haroon, announced that KIBS will present the fifteenth cohort of the Harvard Business School Program, designed to develop executives in GCC banks and financial institutions, in light of the changes in the business world, and the needs of the banking and financial sectors.

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09.11.23 Press Statement

CBK Governor Honors the Winners of "2022 Kuwaiti Economic Student Award" and Announces the Launch of "2023 Kuwaiti Economic Student Award"

The Central Bank of Kuwait (CBK) held a ceremony to honor the winners of the “Kuwaiti Economic Student Award”. The CBK Governor and Chairman of the Institute of Banking Studies (IBS), Basel Ahmed Al-Haroon, and a host of elite banking sector figures attended the event on Thursday, November 9, 2023, at CBK Headquarters.

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06.10.23 Press Statement

CBK & Kuwait Institute of Banking Studies Honors the 3rd Cohort of the “Cybersecurity Leaders Program” Graduates

Under the patronage of the Governor of the Central Bank of Kuwait (CBK) and Chairman of the Institute of Banking Studies (IBS), IBS honored the graduates of the 3rd cohort of the “Cybersecurity Leaders Program” held from 16 July to 05 October 2023, as part of the strategic cooperation with SANS Academy (Cybersecurity Training Institute) and the Bank of International Settlements (BIS). This program is part of “Kafa’a” initiative launched by CBK in cooperation with Kuwaiti banks to develop and qualify national cadres through the management of the Kuwait Institute of Banking Studies since 2018.

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25.09.23 Press Statement

The Initiative to Launch CBK Purchasing Managers’ Index

As part of its efforts to achieve further progress in providing adequate information and data and making them available in due time to monitor the developments of the local economic activities, thus allowing policy makers and interested parties, e.g. investors or relevant international and global organizations, to observe the economic conditions and policies in a manner that fosters informed decision-making, the Central Bank of Kuwait (CBK) developed a questionnaire for the Purchasing Managers’ Index (PMI). The said index enables prompt data collection, processing and analyses to be produced in the form of timely and accurate periodic reports reflecting the real developments of the economic activity in the State of Kuwait.

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19.09.23 Press Statement

CBK’s Systems Remain Sound and Robust

The Central Bank of Kuwait’s (CBK) announces that its Systems Remain Sound and Robust.

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15.09.23 Press Statement

Fitch Ratings Affirms State of Kuwait Sovereign Credit Rating at (AA-); Outlook Stable

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10.09.23 Press Statement

The Fourth Edition (September 2023) a Glimpse into the Impact of Digital Transformation on Financial Stability

The Central Bank of Kuwait (CBK) releases the fourth edition (September 2023) which is one of the quarterly series the CBK has been issuing since November 2022, as part of the CBK’s ongoing efforts to keep abreast with the global trends of central banks in enhancing disclosure and transparency by covering some carefully selected economic, monetary and banking topics with the aim to raise awareness and highlight CBK’s efforts on the area of monetary and financial stability. The first part titled “The Impact of Digital Transformation on Financial Stability” of this fourth edition highlights the digital transformation in the Local and global banking industry, opportunities and advantages for the banking system, the significant challenges and risks, the role of central banks in mitigating financial stability risks, and the CBK’s efforts to foster digital transformation. The second part titled “The Foremost Global Developments and Monetary Policy Trends” provides a brief on the global developments and monetary policy trends of selected central banks, and the CBK’s monetary policy directions. This is the third issue in 2023.

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29.08.23 Press Statement

Additional Extension to Working Hours of the Real Time Gross Settlement System between Participants, and the Kuwait Electronic Cheques Clearing System

The Central Bank of Kuwait (CBK) announces additional extension of working hours of the Real Time Gross Settlement System (KASSIP) between participants, and the Kuwait Electronic Cheques Clearing System (KECCS).

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23.08.23 Press Statement

International Monetary Fund Concludes 2023 Article IV Consultation with the State of Kuwait

International Monetary Fund (IMF) concludes 2023 Article IV consultation with the State of Kuwait.

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