12.03.23 Press Statement

CBK Affirms the Stability and Solidity of the Kuwaiti Banking System Units

Amid news of the United States regulators’ shutting down of Silicon Valley Bank, the Central Bank of Kuwait (CBK) assures “Kuwaiti banks’ exposure to said bank is extremely insignificant, as asserted through the CBK’s direct communication with local banks” the CBK Governor, Basel Al-Haroon stated. Furthermore, the banking system units’ position is both stable and resilient, supported by ample capital buffers.

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08.03.23 Press Statement

CBK Affirms Women Empowerment in the Banking Sector

On the occasion of International Women’s Day celebrated annually on 08 March, and as part of the efforts to empower women and enable them to carry out their vital role in development, the Central Bank of Kuwait (CBK) affirmed its commitment to empowering women at all levels in line with the “New Kuwait 2035” Vision and the fifth goal of the United Nations’ 2030 Agenda for Sustainable Development, specifically gender equality and women empowerment.

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20.02.23 Press Release

CBK Hosts a Workshop on the Supervision and Regulation of FinTech Provided by IMF’s Middle East Center for Economics and Finance (CEF)

Central Bank of Kuwait (CBK) hosts a workshop on the supervision and regulation of FinTech provided by International Monetary Fund's (IMF) Middle East Center for Economics and Finance (CEF).

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16.02.23 Press Release

CBK Honors Distinguished Supporters of "Diraya" Campaign in its Second Year

The Central Bank of Kuwait (CBK) honored Kuwaiti banks for supporting the banking awareness campaign "Diraya” by leveraging all their capabilities and tools to spread awareness and increase financial literacy through digital and social media as well as activities to engage the community on a wide scale. The campaign was launched by CBK in collaboration with Kuwait Banking Association (KBA) and all local banks.

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Distinguished Supporters of Diraya image

14.02.23 Press Statement

The Second Issue (February 2023) Overview on Inflation, Monetary Policy and Sustainable Financing

The Central Bank of Kuwait (CBK) releases the second quarterly issue (February 2023) to review inflation, monetary policy and sustainable financing. It is part of a series of new issues developed by the CBK, which is issued on a quarterly basis.

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01.02.23 Press Release

CBK Announces the 14th Session of Harvard Business School (HBS) In-Person 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 (IBS), Basel A. Al-Haroon, announced that IBS shall organize the 14th session of Harvard Business School Program. The program is specifically 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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25.01.23 Press Release

CBK Raises the Discount Rate by a Half Percentage Point

The Governor and the Chairman of the Board of Directors of the Central Bank of Kuwait (CBK), Basel A. Al-Haroon, stated that the CBK Board of Directors decided to raise the discount rate by 0.50% from 3.5% to 4.0% effective January 26, 2023.

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18.01.23 Press Statement

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

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02.01.23 Press Release

CBK Announces Joining of the Second Group of Banks to GCC Cross-border Payment System (AFAQ)

Following its efforts to develop the cross-border payment systems and deploy advanced technologies with the aim to enhance efficiency, minimize reliance on the financial systems and external payment platforms and reduce cost, the Central Bank of Kuwait (CBK) announced that the second group of local banks joined the GCC Cross-border Payment System (AFAQ) in the State of Kuwait.

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29.12.22 Press Release

CBK Issues its 10th Edition of the Financial Stability Report

As part of the constant efforts to increase transparency and public disclosure through providing credible information and data relevant to the local banking and financial sectors, the Central Bank of Kuwait (CBK) issued the Financial Stability Report for the year 2021.

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