Press Releases
23.11.10
The Central Bank of Kuwait Won the Best Visual Award in the Arab Region for Best Website Design for 2010
The Central Bank of Kuwait (CBK) was awarded the Best Visual Award in the central banks category of best visual website in the Arab region for 2010, which was presented at a ceremony hosted by the Pan Arab Web Awards Academy held in Beirut, Lebanon on the 23rd November 2010. Ms. Eiman Alanzi, Head of the Center for Economic and Finance Information Resources, received the prize on behalf of the CBK.
More30.08.10
IBAN System Comes into Force as of the Beginning of 2011
H.E. Sheikh Salem Abdulaziz Al-Sabah, Governor of the Central Bank of Kuwait (CBK), stated that within the framework of CBK's constant concern for developing the functioning of the Kuwaiti banking system and coping with international developments in the banking industry, CBK decided to implement the "IBAN" system (International Bank Account Number) in the State of Kuwait, which aims at achieving international unification of bank accounts in a way which enables banks' systems to achieve speed and accuracy when executing money transfer transactions.
More10.05.10
Main Developments in the Balance of Payments of the State of Kuwait for the Year 2009
The Central Bank of Kuwait (CBK) has finished compiling the provisional figures for the Balance of Payments (BOP) of the State of Kuwait for 2009 and revising the BOP data for the period 2007-2008. Provisional BOP figures for 2009 show a decline in the surpluses realized in the main external balances during that year, compared to 2008. The surplus realized in the Current Account (which reflects the outcome of transactions between the domestic economy and other economies involving goods, services, investment income, and unrequited current transfers) declined by 49.2% to reach KD 8232.3 million during 2009, compared with KD 16194.8 million during 2008.
More07.04.10
Registration of a Bank (Warba Bank) in the CBK Islamic Bank Register
H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), announced in a press statement to the Kuwait News Agency (KUNA) that on 5-4-2010, the Minister of Finance issued the Decision No. (17) regarding the registration of Warba Bank in the CBK Islamic Bank Register. Accordingly, the registration was made in that Register.
More31.03.10
Deletion of the Bank of Kuwait and the Middle East (BKME) from the CBK Bank Register to Register it as "Ahli United Bank" in the Islamic Bank Register
H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), stated that on 30th of March 2010, the Minister of Finance issued Decision No. (14) of the year 2010 regarding deletion of the bank of Kuwait and Middle East from the CBK bank register to be registered as "Ahli United Bank" in the CBK Islamic bank register. According to this decision, the bank of Kuwait and Middle East will be deleted from the CBK conventional bank register to be registered in the CBK Islamic bank register under no. (5) by its new name "Ahli United Bank", to start its activity in accordance with the provisions of the Islamic Sharia as from Thursday, 1st of April 2010.
More02.03.10
Registration of a Bank Branch (BankMuscat of the Sultanate of Oman) in the CBK Bank Register
H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), stated that on 15th of February 2010, the Minister of Finance issued the Decision No. (9) concerning the registration of BankMuscat branch in the CBK Bank Register. Accordingly, the registration was made on that date.
More15.02.10
Registration of a Bank Branch (Al-Rajhi Banking & Investment Corporation (Al-Rajhi Bank)) in the CBK Bank Register
H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), stated that on 9th of February 2010, the Minister of Finance issued the Decision No. (7) regarding the registration of Al-Rajhi Banking & Investment Corporation (Al-Rajhi Bank) branch in the CBK Islamic Bank Register. Accordingly, the registration was made on that date.
More08.02.10 Press Statement
CBK Cuts its Discount Rate by 50 Basis Points to 2.5%
H.E. the Governor of the Central Bank of Kuwait (CBK), Sheikh Salem Abdulaziz Al-Sabah, announced that the CBK Board of Directors has decided to cut the CBK discount rate by 50 basis points to 2.50% instead of 3.0% effective on 8-2-2010.
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