His Excellency the Governor of the Central Bank of Kuwait (CBK) Dr. Mohammad Y. Al-Hashel announced CBK’s live and consolidated “Liquidity Management and Forecasting Dashboard”, which enhances the ability to forecast liquidity conditions more accurately and at an earlier point in time, in turn leading to more efficient utilization of monetary policy instruments.More
The Central Bank of Kuwait (CBK) published today the preliminary data of the State of Kuwait’s Balance of Payments (BoP) for the 2nd quarter of 2019, and the revised data of the preceding quarter.More
His Excellency the Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, announced the second round of the “Certified Sharia Auditor” program in collaboration with the Institute of Banking Studies (IBS).More
In light of the Central Bank of Kuwait’s (CBK) mandate to maintain monetary and financial stability, the Board of Directors decided today to lower the discount rate from 3.0% to 2.75%. The decision fulfils the dual objectives of promoting non-inflationary economic growth conditions in non-oil sectors, and ensuring the continued attractiveness and the competitiveness of the national currency as a reliable store of domestic savings, both of which are mainstays of monetary policy.More
The Central Bank of Kuwait (CBK) has announced the launch of the Risk Management Leadership Program, the program falls within the “Kafa’a” capacity-building initiative developed in cooperation with Kuwaiti banks and under the Institute of Banking Studies (IBS) management.More
The Central Bank of Kuwait (CBK) grants conditional approval on Kuwait Finance House (KFH) request to acquire Ahli United Bank - Bahrain.More
The Gulf Monetary Council is, in cooperation with the Central Bank of Kuwait (CBK), holding the "Liquidity Forecasting and Management" workshop in Kuwait City on 6-7 October 2019. The workshop aims to increase GCC capacity building, knowledge transfer and shared experiences from leading institutions.More
The Central Bank of Kuwait (CBK) has announced the launch of the Kuwait Graduate Development Program (KGDP) – ninth batch. The program aims to train and qualify Kuwaiti graduates to work in the banking sector and falls within the “Kafa’a” capacity-building initiative developed in cooperation with Kuwaiti banks and under the Institute of Banking Studies (IBS) management. The CBK has started the process of receiving applications to join the program, and approved applicants would benefit from theoretical as well as hands-on training lasting a whole year in cooperation with Kuwaiti banks and prestigious international banking institutions.More
CBK Launches its "Kafa’a" Initiative for Developing Kuwaiti Nationals in Cooperation with Kuwaiti Banks & IBS
His Excellency the Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al- Hashel announced the launch of a new initiative titled “Kafa’a” (Arabic for competence), in cooperation with Kuwaiti Banks & the Institute of Banking Studies (IBS) entailing a comprehensive vision for capacity building among Kuwaiti nationals in banking, financial, and economic sectors. The announcement was made during the governor’s keynote address at the International Banking Conference: Shaping the Future, organized by the CBK on 23 September 2019.More
More than Forty Five Participants in the Fintech Exhibition Accompanying the CBK International Banking Conference in Kuwait
Held under the patronage of His Highness the Amir of the State of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, the Central Bank of Kuwait (CBK) will host “the International Banking Conference: Shaping the Future” on Monday, September 23, 2019 at the Four Seasons Hotel. More than forty five participant including over 25 fintechs will showcase their capabilities at the exhibition accompanying the conference. The exhibition is officially sponsored by Zain.
As well as welcoming top executives and officials from mainstream banking, the conference will provide delegates with an opportunity to learn first-hand about the fintech innovations that are reshaping financial services in the region.