Press Releases
30.12.07
Registration of a Bank Branch (National Bank of Qatar) in the CBK Bank Register
H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), stated that on 25th of December 2007, the Minister of Finance issued the Decision No. (61) regarding the registration of the National Bank of Qatar branch in the CBK Bank Register. Accordingly, the registration was made on that date.
More28.10.07
Anti-Money Laundering and Combating the Financing of Terrorism Regional Conference, 2-3 December, 2007
Anti-Money Laundering and Combating the Financing of Terrorism Regional Conference, 2-3 December, 2007. For further details
More17.09.07
Preliminary Approval to Licensing Doha Bank of Qatar to Open a Branch in the State of Kuwait
H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), stated that the CBK Board of Directors, in its meeting on 16th of September 2007, preliminarily agreed to license Doha Bank of Qatar to open a branch in the State of Kuwait.
More28.06.07
Press Statement of H.E. Sheikh Salem Abdulaziz Al-Sabah, Governor of the Central Bank of Kuwait (CBK), regarding striking the Kuwait Real Estate Bank from conventional banks' register and registering it in the Islamic Banks' Register of the Central Bank of Kuwait under the name 'Kuwait International Bank'.
H.E. Sheikh Salem Abdulaziz Al-Sabah, Governor of the Central Bank of Kuwait, announced the issuance on 9/6/2007 of the Minister of Finance decision No. 28 of year 2007 concerning striking the Kuwait Real Estate Bank from the register of conventional banks and recording it in the register of Islamic banks with the CBK under its new name 'International Bank of Kuwait'. In implementation of this decision the Kuwait Real Estate Bank will be struck from the register of banks and recorded under N=3 in the Islamic Banks' Register, under its new name 'International Bank of Kuwait', whereby the bank will start exercising its functions according to the provisions of the Islamic Sharia as of Sunday the 1st of July 2007.
More20.05.07
The Kuwaiti Dinar (KD) Re-Pegged to a Basket of Currencies
H.E. Sheikh Salem Abdulaziz Al-Sabah, Governor of the Central Bank of Kuwait (CBK) announced that based on the Council of Ministers' approval in its session of Sunday the 3rd of Jumada Al-Awal 1428 AH corresponding to the 20th of May 2007 AD, and starting from today, the determination of the exchange rate of the Kuwaiti dinar (KD) against the US dollar became based on a basket of major world currencies reflecting the foreign trade and financial relations of the State of Kuwait, and in a similar way to the policy applied before the 5th of January 2003.
More14.05.07
Press Statement of H.E. Sheikh Salem Abdulaziz Al-Sabah, Governor of the Central Bank of Kuwait (CBK) regarding expanding the content of its periodic statistical publications to encompass statistics and aggregate financial data on exchange companies subject to its supervision, and statistics on the use of plastic cards in the banking system
H.E. Sheikh Salem Abdulaziz Al-Sabah, Governor of the Central Bank of Kuwait (CBK), announced that the CBK has expanded the content of its periodic statistical publications to encompass statistics and aggregate financial data on exchange companies subject to its supervision, in addition to statistics and data on the growth in the volume of plastic cards operations, which reflects the rise of banking awareness among the public; noting that plastic cards encompass both credit and ATM cards issued by local banks, and those which are issued by foreign banks and used domestically.
More09.05.07
Main Developments in the Balance of Payments Statistics of the State of Kuwait for Year 2006
The Central Bank of Kuwait (CBK) has finished compiling the Balance of Payments (BOP) statistics of the State of Kuwait for 2006, and revising the BOP statistics for 2005. Provisional BOP statistics for 2006 indicate that the surpluses realized in the main external balances within these statistics continued to grow at accelerated rates during that period, compared to 2005. The surplus realized in the Current Account (which reflects the outcome of all transactions between the domestic economy and other economies with relevance to goods, services, incomes from production factors whether labor or capital, and unrequited current transfers), grew at an accelerated rate (47.7%) to reach KD 14796 million during 2006 compared to a surplus of KD 10018 million during 2005.
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