Press Releases
19.12.17 Press Release
Key Developments in the Balance of Payments of the State of Kuwait for the Third Quarter of 2017
The Central Bank of Kuwait (CBK) published today the preliminary data of the Balance of Payments (BOP) of the State of Kuwait for the third quarter of 2017 and the restated data of the second quarter of the mentioned year. Data shows that the Current Account (which sums up receipts and payments between domestic economy and other economies in terms of goods, services and income) recorded a surplus of KD 424 million during 2017 Q3 against a surplus of KD 261 million during the previous quarter, i.e. a rise of KD 162 million or 62.1%. The upturn in the current account surplus resulted from the increase in the surpluses of balance on goods, primary and secondary incomes on one hand, and the rise in the services account deficit on the other hand. The mentioned surplus in the current account mainly reflects an increase in the value of oil exports at a greater rate than the increase in the value of merchandise imports resulting in a rise in the surplus of the balance on goods (merchandise exports minus merchandise imports) to reach KD 1,920 million during 2017 Q3 compared to KD 1,789 million during the previous quarter. On the other hand, deficit in the Services Account (net value of services transactions between residents and non residents, the most important of which are transportation, travel, communications and construction) increased by KD 334 million or 19.7% to reach KD 2,029 million during 2017 Q3, compared to a deficit of KD 1,696 million during Q2.
More18.12.17 Press Release
CBK Announces an Executive Education Program for Banking and Finance Executives with Harvard Business School
Dr. Mohammad Yousef Al-Hashel, Governor of the Central Bank of Kuwait, Chairman of the Board of Directors of the Institute of Banking Studies (IBS), announced that the IBS will work with Harvard Business School for the ninth year in a row to present an executive education program for banking and finance executives in the GCC region, and from other Middle Eastern countries, during January 27th – February 1st, 2018.
More13.12.17 Press Release
On the Basis of a Thorough Study of Latest Data, CBK Maintains its Discount Rate at Current Level
On the basis of a thorough study of latest data, the Central Bank of Kuwait (CBK) maintains its discount rate at current level.
More21.11.17 Press Release
CBK Organizes Workshop on Combating Money Laundering and Financing of Terrorism
Central Bank of Kuwait organizes a workshop on Combating Money Laundering and Financing of Terrorism, held in the State of Kuwait during 21-23 November 2017.
More14.11.17 Press Release
CBK Announces the Launch of the Cyber Security Leaders Program (CSLP)
His Excellency the Governor of the Central Bank of Kuwait (CBK) and Chairman of Institute of Banking Studies, Dr. Mohammad Y. Al-Hashel, announced that CBK has launched the Cyber Security Leaders Program (CSLP), a training and qualifying program for Kuwaiti nationals specialized in the field of IT security, in collaboration with Kuwaiti banks and managed by the Institute of Banking Studies (KIBS).
More05.11.17 Press Release
CBK Board of Directors' Decision Regarding CBK Employees’ Salaries
His Excellency, The Governor of the Central Bank of Kuwait, Dr. Mohammad Y. Al-Hashel statement on CBK Board of Directors' decision regarding CBK employees’ salaries.
More02.11.17 Press Release
CBK Assures the Genuineness and Highest Quality of all Denominations of the Kuwaiti Dinar Banknotes in Circulation
The Central Bank of Kuwait (CBK) assures the genuineness and highest quality of all denominations of the Kuwaiti Dinar banknotes in circulation.
More29.10.17 Press Release
CBK Announces the Launch of Kuwaiti Graduates Development Program (KGDP) - Seventh Batch
His Excellency the Governor of the Central Bank of Kuwait (CBK) and Chairman of Institute of Banking Studies, Dr. Mohammad Y. Al-Hashel, announced that the CBK has launched for the seventh year running a Kuwaiti Graduates Development Program (KGDP), a training and qualifying program for Kuwaiti nationals new graduates to work in the banking sector in collaboration with Kuwaiti banks and managed by the Institute of Banking Studies (KIBS).
More05.10.17 Press Release
The Governor Receives the Fifth Batch of Graduates of the Kuwaiti Graduates Development Program (KGDP)
His Excellency the Governor of the Central Bank of Kuwait (CBK) and Chairman of Institute of Banking Studies, Dr. Mohammad Y. Al-Hashel, received the fifth batch of graduates of “Kuwaiti Graduates Development Program (KGDP)”, and congratulated them on their successful completion of the program and expressed his hope and aspirations for them with more success in their careers in the Kuwaiti banking sector. Dr. Al-Hashel affirmed that this program initiated by CBK in collaboration with the Kuwaiti banks is deemed a national project that contributes to develop and improve the skills and competencies of Kuwaiti national workforce with the aim to continue enhancing the banking industry in the country.
More03.10.17 Press Release
CBK Announces the Launch of "Kuwaiti Economic Researcher Award"
His Excellency the Governor of the Central Bank of Kuwait (CBK) and Chairman of Institute of Banking Studies, Dr. Mohammad Y. Al-Hashel, announces the launch of the "Kuwaiti Economic Researcher Award".