Press Releases
12.11.13 Press Release
CBK Announces the issuance of Regulations regarding Private Housing Finance
H.E. Governor of the Central Bank of Kuwait, Dr. Mohammad Y. Al-Hashel, announces the issuance of Regulations regarding Private Housing Finance.
More06.10.13 Press Release
CBK Announces Publication of Financial Stability Report for 2012
The Governor of the Central Bank of Kuwait, Dr. Mohammad Y. Al-Hashel, announces publication of the Financial Stability Report for 2012.
More06.10.13
Moody's 2013 Sovereign Rating for Kuwait
Moody's 2013 Sovereign Rating Report for Kuwait and a summary in Arabic may be viewed here.
More01.10.13
International Monetary Fund 2013 Article IV Consultation -Concluding Statement
An International Monetary Fund (IMF) mission visited Kuwait during September 10-24, 2013 and held discussions with local authorities on the 2013 regular Article IV consultation. For viewing the Mission's Concluding Statement click here.
More27.07.13 Press Release
CBK Announces Publication of Annual Report for the Fiscal Year 2012/13
The Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, announced to the public the release of the Annual Report of the CBK for the fiscal year (FY) 2012/13. This 41st issue of the series of Annual Reports prepared and published by the CBK, contains as usual the CBK Balance Sheet, Profit and Loss Account for the fiscal year ending 31 March 2013, and the Auditors' Report.
More01.07.13 Press Statement
Key Developments in the Balance of Payments of the State of Kuwait during the First Quarter of 2013
The Central Bank of Kuwait (CBK) publishes today the first quarterly (2013 Q1) preliminary data and estimates of the balance of payments (BOP) of the State of Kuwait and the revised quarterly estimates of 2012 in coherence with the guidelines of the sixth edition of BOP Manual issued by the International Monetary Fund in 2009 (BPM6). Preliminary data of the State of Kuwait’s BOP of 2013 Q1 show constant surpluses in the external balances. The Current Account (reflecting the outcome of transactions between domestic economy and other economies encompassing goods, services, Primary Income “investment income”, and Secondary Income “current transfers”) realized a surplus of KD 4712 million (10.6% of 2011 GDP) during 2013 Q1 against KD 5493 million (12.4% of 2011 GDP) during 2012 Q4. The decline in the current account surplus reflects mainly the decrease in the surplus of the Balance on Goods (merchandise exports minus merchandise imports on f.o.b. basis) to reach KD 6207 million during 2013 Q1 compared to KD 6622 million during 2012 Q4.
More10.06.13
CBK Announces New Banknotes Issue
The Governor of the Central Bank of Kuwait (CBK) Dr. Mohammad Y. Al-Hashel announced that in its continued pursuit to implement best international central banking practices the CBK conducted an evaluation study for the current issue of banknotes, the 5th issue introduced in the year 1994. The study was initiated in light of the technological advances in the industry of banknotes printing and the improvements achieved in the signs and security specifications thereof.
More08.05.13
Main Developments in the Balance of Payments of the State of Kuwait for the Year 2012
The Central Bank of Kuwait (CBK) released today the provisional figures for the Balance of Payments (BOP) of the State of Kuwait for 2012 and revised data for 2010 and 2011 in accordance with the guidelines of the sixth edition of BOP Manual issued by the International Monetary Fund in 2009. Provisional BOP figures for 2012 show significant rise in the surpluses realized in the main external balances for the second year in a row. The surplus realized in the Current Account (which reflects the outcome of transactions between the domestic economy and other economies involving goods, services, Primary Income "investment income", and Secondary Income "current transfers") increased by 19.6% to reach KD 22174 million during 2012 (49.9% of 2011 GDP), compared to KD 18534 million during 2011 (41.7% of 2011 GDP). That increase in the Current Account surplus was mainly an outcome of the rise in the surplus of the Balance on Goods (merchandise exports minus merchandise imports on f.o.b. basis) by about KD 4784 million (or 21.4%) to reach KD 27101 million during 2012.
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