20.12.21 Press Statement

CBK Confers with Abdullah Al-Salem University Board on Future of Jobs

Aiming to assess job market demands and the skills required from graduates seeking banking and finance sector employment, the Central Bank of Kuwait (CBK) hosted a meeting with the Constituent Board of Abdullah Al-Salem University. Initiated by the latter, the meeting convened at CBK Headquarters Monday, Dec 20, 2021 chaired by CBK Governor Dr. Mohammad Y. Al-Hashel and the university board’s Chairperson Professor Dr. Moudi A. Al-Humoud.

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14.12.21 Press Statement

CBK-IMF Panel Discussion on Unwinding COVID-19 Measures

The Central Bank of Kuwait (CBK), in cooperation with the IMF-Middle East Center for Economics and Finance (IMF-CEF), hosted a panel discussion titled “Policies Related to COVD-19 Measures” during 13-14 December 2021 with the participation of GCC central banks.

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30.11.21 Workshop

CBK Organizes a Workshop on Transitioning Away from LIBOR in Collaboration with GMCo

The Central Bank of Kuwait (CBK) organized a workshop in collaboration with Gulf Monetary Council (GMCo) on transitioning away from LIBOR.

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28.11.21 Press Statement

CBK and CMA Launch an Awareness Campaign on Crypto Assets

The Central Bank of Kuwait (CBK) in collaboration with the Capital Markets Authority (CMA) launched a joint financial literacy campaign regarding investing or dealing in crypto assets, or so-called “virtual currencies”.

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21.11.21 Press Statement

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

In an effort to enhance the governance of Shar’iah supervision in the Islamic banks in Kuwait, and reinforce Shari’ah auditing in such banks, the Central Bank of Kuwait (CBK) launched the fourth round of the Certified Shari’ah Auditor Certificate Program within the Kafa’a Initiative. The Kafa’a Inititative was launched by the CBK in collaboration with Kuwaiti banks and is managed by the Institute of Banking Studies (IBS).

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20.10.21 Press Statement

International Monetary Fund Concludes 2021 Article IV Consultation with the State of Kuwait

The Central Bank of Kuwait (CBK) issued a press statement on the conclusion of the International Monetary Fund’s (IMF) Article IV Consultation to the State of Kuwait, held from 26th September to 10th October 2021.

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19.10.21 Press Statement

The Governor Honors the Distinguished Supporters of the “Diraya” Campaign

The Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, honored distinguished Kuwaiti banks for their efforts in supporting the banking awareness campaign “Be Aware”, “Diraya” in Arabic. The banks participated by communicating with customers through their digital platforms and social networks’ accounts, as well as organizing activities and disseminating content to increase public awareness on a range of topics related to financial and banking.

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18.10.21 Press Statement

National Bank of Kazakhstan Requests CBK Insight on E-Settlement Systems, BIS Membership

The Central Bank of Kuwait (CBK) was invited to a consultative session by the National Bank of Kazakhstan, which focused on monetary policy, regulatory policy, and electronic settlement systems. The virtual meeting, held on Monday, October 18, 2021, also shed light on CBK’s membership within the Bank for International Settlements (BIS).

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12.10.21 Press Statement

CBK Unwinds Measures Imposed to Counter Pandemic After Banking Sector's Success in Overcoming its Impact

In line with continuous review of its regulatory instructions, the Central Bank of Kuwait has decided to start unwinding measures imposed since April 2020 to counter the negative implications from the COVID-19 pandemic, after the banking sector’s success in overcoming the first year of the crisis. The regulatory instructions and macro prudential tools had earlier been amended within CBK’s pre-emptive policy to ward off repercussions of the pandemic.

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06.10.21 Press Statement

CBK & Kuwait Financial Intelligence Unit (KFIU) Sign Memorandum of Understanding

In an effort to enhance cooperation and coordination between the Central Bank of Kuwait (CBK) and the Kuwaiti Financial Intelligence Unit (KWFIU) within the framework of Law No. (106) of 2013 concerning Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT), the CBK and KWFIU signed a memorandum of understanding, on Wednesday morning October 6, 2021, regarding the cooperation and information exchange in the field of AML/CFT and related crimes, at the CBK headquarters.

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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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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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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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10.06.21 Press Statement

New “Diraya” Video Addresses Safe Investment

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 video content addressing safe investment and means of protecting customers’ personal and bank information. 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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24.05.21 Press Statement

Commemorative Coin Issue Marking the 40th Anniversary of the Cooperation Council for the Arab States of the Gulf (GCC)

This year marks the 40th anniversary of the establishment of the Gulf Cooperation Council (GCC). An initiative by the late Sheikh Jaber Al-Ahmad Al-Jaber Al-Sabah, may Allah have mercy on him, which aimed to strengthen coordination and integration between the member states. In order to document the GCC’s vital role and efforts towards stability and development in the region despite the geopolitical headwinds throughout the last four decades, and to honor the founding leaders and their roles in the Council’s success story, the Central Bank of Kuwait (CBK) issued a commemorative coin to celebrate this occasion.

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22.05.21 Press Statement

CBK Issues a Statement on Crypto-assets and their Risks

In an effort to enhance financial awareness and encourage the Kuwaiti banking sector’s social responsibility activities, the Central Bank of Kuwait is presenting  information around the high risks of crypto-assets. 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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05.05.21 Press Statement

"Eidity" App Available to Customers for Eid Holiday

The Central Bank of Kuwait (CBK) has developed a second enhanced version of the Eidity application for gifting Eidia (monetary gift) during the upcoming Eid Al-Fitr season, in collaboration with Kuwaiti banks and the Shared Electronic Banking Co. (Knet).

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19.04.21 Press Statement

The Launch of the "Kafa'a" Initiative Website

The Central Bank of Kuwait (CBK) in collaboration with the Institute of Banking Studies (IBS) and Kuwaiti banks announced the launch of the official “Kafa’a” initiative website. The platform was established to share the training programs offered to develop and qualify national cadres specialized in finance and banking.

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15.04.21 Press Statement

International Monetary Fund Concludes 2021 Article IV Consultation with the State of Kuwait

The Central Bank of Kuwait (CBK) issued a press statement on the conclusion of the International Monetary Fund’s (IMF) Article IV Consultation to the State of Kuwait, held virtually from April 4-8, 2021. CBK, in coordination with IMF and the relevant national authorities, made the necessary arrangements including information and data compilation, and scheduling meetings with the senior officials of the government and non-government entities to discuss the economic, financial and monetary conditions and the resilience of the banking and financial sector. The concluding statement of the IMF mission commended CBK’s efforts in reinforcing the soundness and resilience of the banking and financial sector.

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14.04.21 Press Release

CBK Directs the Banking Sector to Nationalize the Leadership Positions in Banks

The Central Bank of Kuwait (CBK) directs the banking sector to nationalize the leadership positions in local banks.

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12.04.21 Press Release

Harvard Business School Presents a Virtual Program for Developing Banking and Financial Executives in Collaboration with IBS

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), announced that IBS shall collaborate with Harvard Business School (HBS) to provide a virtual executive education program, designed specifically to support the development of senior leaders in the banking and finance sector in the GCC countries given the current challenges in particular the consequences of COVID-19 pandemic that affected the business world and the global economy. The program is designed to aid leaders in the banking and financial sector to adopt to the new work environment and achieve success in such difficult circumstances. Dr. Al-Hashel pointed out that the program shall provide online training classes - as part of the innovative new professional training methods - through Harvard Business School’s training platform.

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28.03.21 Press Statement

CBK Advises the Public on the Proper Handling of Banknotes

The Central Bank of Kuwait (CBK) stressed users must avoid damaging all denominations of the Kuwaiti Dinar banknote. The Dinar banknote is an important national symbol of the State of Kuwait that reflects its identity, history and legacy. Respectful handling of the bill is therefore tied to respecting this national symbol.

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17.03.21 Press Release

Key Developments in the Balance of Payments of the State of Kuwait for the Third 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 3Q 2020, and the revised data of 2Q 2020. The data revealed a surplus during 3Q 2020 of KD 2,475.3 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 4,154.3 million during the previous quarter, i.e. a drop by 40.4% equivalent to KD 1,679.0 million. This downturn is attributable to the decline in the total value of receipts on the credit side of the Current Account by KD 328.3 million or 4.2% compared with the previous quarter, and the increase in the total value of payments on the debit side of the Current Account by KD 1,350.6 million or 36.7% compared with the previous quarter.

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16.03.21 Press Release

“Diraya” Campaign Leverages Awareness on the Types of Personal Loans

In line with the efforts of the Central Bank of Kuwait (CBK) to enhance financial awareness across all segments of society, the CBK-managed, “Be Aware” (Diraya in Arabic) Campaign continues, in collaboration with Kuwait Banking Association (KBA) and with the participation of all Kuwaiti banks, to leverage public awareness of the banking sector’s role, and how customers can use banks’ diverse services most advantageously.

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14.03.21 Press Statement

CBK Launches its Seventh Master’s Scholarship Program

The Central Bank of Kuwait (CBK) is keen as ever to support capacity strengthening and develop a national cadre that can contribute to the institutional development of Kuwait, said the Central Bank of Kuwait Governor, His Excellency Dr. Mohammad Y. Al-Hashel.

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08.03.21 Press Statement

CBK Celebrates its Distinguished Female Talent on International Women's Day

The Central Bank of Kuwait (CBK) recognizes the contribution of women and celebrates their achievements and excellence on the occasion of International Women’s Day observed on March 8th. As an institution that believes in the effective role of women in society and their distinguished performance across the business sectors, the CBK provides a positive example.

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08.03.21 Press Release

"Diraya" Campaign Releases Video on Personal Loans and Financing Facilities

Keen to enhance financial awareness across all segments of society, and in line with its directives towards expanding and strengthening the Kuwaiti banking sector’s social responsibility, the CBK-supervised banking awareness campaign “Be Aware” (“Diraya” in Arabic) continues in cooperation with the Kuwait Banking Association (KBA) and with participation of all Kuwaiti banks, with the aim to leverage public awareness of the banking sector’s role, and how customers can use banks’ diverse services most advantageously.

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24.02.21 Press Release

CBK Press Release on Kuwaiti Banks Financial Performance During the 1st Year of COVID-19 Pandemic

The Central Bank of Kuwait (CBK) announced that it conducted a comprehensive review of the financial statements of Kuwaiti banks for the year 2020. This was done as part of its ongoing efforts to bolster the financial stability of the banking sector, considered central to the State’s financial system, and ensure its continuous and efficient supply of services to the economy amid highly stressed operating conditions. Thus, the CBK stressed its diligent and proactive monitoring of developments that could affect financial stability. Despite the ramifications of the Covid-19 pandemic on local and international economic conditions, the overall conclusion was that the sector had successfully weathered the first year of the crisis.

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20.02.21 Press Release

"Diraya" Campaign Releases Video on Types of Bank Cards

To enhance financial awareness across all segments of society and as part of the banking sector's social responsibility, the Central Bank of Kuwait-supervised “Be Aware” Campaign (Diraya in Arabic) introduced a video detailing the different types of bank cards.

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08.02.21 Press Statement

CBK Issues Commemorative Coins to Mark Kuwait National Days & National Currency Anniversary

The Central Bank of Kuwait (CBK) is marking the 60th anniversary of the Independence and the 30th anniversary of the Liberation of the State of Kuwait, as well as the 60th anniversary of the issue and circulation of the Kuwait national currency, the Kuwaiti Dinar, by issuing three commemorative coins on these occasions, stated His Excellency the CBK Governor Dr. Mohammad Y. Al-Hashel.

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04.02.21 Press Statement

State of Kuwait Completed All Requirements of IMF Enhanced General Data Dissemination System (e-GDDS)

In its continued efforts to develop statistical data and enhance transparency by publishing data in an integrated manner, the International Monetary Fund (IMF) Statistics Department completed its remote mission that took place during January 25 - February 4, 2021 to provide the technical support for the State of Kuwait to develop the National Summary Data Page (NSDP). Thus, the State of Kuwait has completed all the requirements of the Enhanced General Data Dissemination System (e‑GDDS). The system was endorsed by the IMF’s Executive Board in May 2015. The Central Bank of Kuwait (CBK) is the coordinator of Kuwait’s e-GDDS in the IMF.

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03.02.21 Press Release

"Diraya" Campaign Launches Video Addressing e-Crimes

Keen to enhance financial awareness among all segments of our society, and in its efforts to bolster the banking sector’s social responsibility, the Central Bank of Kuwait (CBK) continues to oversee activities of “Be Aware” Campaign (Diraya in Arabic). The campaign, recently launched under CBK supervision in cooperation with Kuwait Banking Association (KBA) and with the participation of all Kuwaiti banks, aims to raise public awareness on the role of the banking sector and on how best to benefit from banks’ services.

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03.02.21 Press Statement

Fitch Ratings Affirms the Sovereign Credit Rating for the State of Kuwait at "AA"

Fitch Ratings affirms the sovereign credit rating for the State of Kuwait at "AA", revises outlook to negative from stable.

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27.01.21 Press Release

"Diraya" Campaign Launches Inaugural Explainer Video on Role of Banks

The "Be aware" campaign, "Diraya" in Arabic, launched its inaugural video, introducing banks, their role and the importance of the various services they provide.

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25.01.21 Press Release

CBK Launching Diraya Financial Awareness Campaign

To enhance public financial awareness, and in line with its encouragement of the Kuwaiti banking sector to increase and expand its social responsibility, His Excellency the Governor of the Central Bank of Kuwait (CBK) Dr. Mohammad Y. Al-Hashel announced the launch of a year-long campaign under the slogan "Be aware", "Diraya" in Arabic, on Tuesday, 26 Jan 2021.

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23.01.21 Press Statement

CBK Statement on Banks' Cash Dividend Distributions

The Central Bank of Kuwait (CBK) has taken numerous preventive measures to contain the impacts of the Covid-19 pandemic on the domestic economic and banking conditions, and to foster growth in banking credit and stimulate economic activity. Within its monetary policy framework, the CBK decided in March 2020 to cut its discount rate to a historically low level of 1.5%.

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15.01.21 Press Statement

Standard & Poor's affirmed State of Kuwait's Sovereign Credit Ratings at ‘AA-’; Outlook Negative

Standard & Poor's affirmed State of Kuwait’s ratings at 'AA-'; outlook remains negative.

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03.01.21 Press Statement

CBK Announces that a Number of Kuwaiti Banks were Awarded the ISO 27001 2013 Certification for Information Security Management

The Central Bank of Kuwait (CBK) announced that a number of Kuwaiti banks were awarded the ISO 27001:2013 Certification for “Information Security Management System”. Attaining this globally recognized international standard for information security management is in line with the CBK’s efforts, specifically its Cyber Security Framework, towards developing the banking sector according to the best international practices to reach optimal efficiency of operations and IT security.

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