Press Releases
29.12.18 Press Release
CBK Announces Master's Degree Scholarship Program (MDSP) for the Fifth Year
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 fifth year running a Master’s Degree Scholarship Program (MDSP) in collaboration with Kuwaiti banks.
More22.12.18 Press Release
CBK Announces an Executive Education Program for Banking and Finance Executives with Harvard Business School for the Tenth Year in a Row
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 tenth year in a row to present an executive education program for banking and finance executives in the GCC region, during January 26 – 31, 2019.
More19.12.18 Press Release
CBK Decides to Maintain the Discount Rate Unchanged at its Current Level of 3.0%
The Central Bank of Kuwait (CBK) decided to maintain the discount rate unchanged at its current level of 3.0%.
More15.12.18 Press Release
CBK Governor Announces Launch of Second Round of Cyber Security Leaders Program (CSLP)
His Excellency the Governor of the Central Bank of Kuwait (CBK) and Chairman of the Institute of Banking Studies, Dr. Mohammad Y. Al-Hashel, announced the launch of the Second Cyber Security Leaders Program (CSLP). This comes within the Central Bank of Kuwait (CBK) strategy to develop national cadres in the field of banking, the national economy, and to build technical capabilities in information technology and information security, thus bolstering the financial and banking sector’s defenses against the risks of the accelerating developments in modern technology used in the sector’s information systems, ensuring that the latest technology is adopted with reduced risk.
More08.12.18 Press Release
CBK Governor Announces the Launch of "Kuwaiti Economic Researcher Award" and “Kuwaiti Economic Student Award”
His Excellency, the Governor of the Central Bank of Kuwait (CBK) and Chairman of Institute of Banking Studies, Dr. Mohammad Y. Al-Hashel, announced the launch of the “Kuwaiti Economic Researcher Award”, addressed to Kuwaiti researchers, and the “Kuwaiti Economic Student Award” addressed to undergraduate and postgraduate students aiming to promote scientific research in the economic and banking fields through motivating and encouraging national cadres to enhance their research competence according to high scientific standards in banking and finance fields. The Governor noted that the launch of this annual award by the CBK and Kuwaiti banks in collaboration with Kuwait Institute for Banking Studies (KIBS) is part of CBK’s and Kuwaiti banks’ strategic pursuit to uphold their social responsibility and entrench scientific methodology for addressing banking and finance issues. Ultimately, this would cultivate specialized and highly qualified national cadres in all aspects of the Kuwaiti banking and financial sector.
More02.12.18 Press Release
The Governor of the Central Bank of Kuwait meets Board Chairmen of Kuwaiti Banks
Within the framework of continuous meetings between the Central Bank of Kuwait (CBK) and the top management of Kuwaiti banks to discuss and exchange views on issues of mutual concern, His Excellency the CBK Governor, Dr. Mohammad Y. Al-Hashel, met with the board chairmen of Kuwaiti banks, at CBK Headquarters today. His Excellency welcomed the guests expressing his pleasure with this kind of communication and cooperation with the banks, and stressing on the importance of their fruitful participation. During this meeting, opinions were exchanged over the key economic and monetary developments at both local and international levels, as well as performance indicators of Kuwaiti banks, their plans and trends at this current stage. The Governor noted the strong financial positions and resilience of the banking sector represented in its financial integrity indicators in terms of Asset Quality, Capital Adequacy Ratio, Financial Leverage Ratio, and Liquidity Ratios, along with profitability ratios as bolstered by the continuous growth of banks’ profits.
More26.11.18 Press Release
CBK Issues Regulatory Sandbox Framework for FinTech
His Excellency, Dr. Mohammad Y. Al-Hashel, the Governor of the Central Bank of Kuwait (CBK), announced that CBK has issued Regulatory Sandbox Framework for FinTech.
More10.11.18 Press Release
CBK Issued Instructions Regarding the Rules & Regulations for Granting Personal Loans & Financing Facilities (Consumer/Housing) in Addition to Issuance of Credit Cards
His Excellency the Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, stated that within the framework of CBK’s routine revision of its issued regulations and rules in view of economic and banking developments related to the goals and consequences of these instructions, CBK had, in cooperation with an international consultancy company, reviewed and assessed its issued instructions regarding the rules and regulations for granting consumer and installment loans/ finance.
More09.10.18 Press Release
CBK-IIFM Seminar on Islamic Hedging, Liquidity Management and Sukuk Hosted by CBK
The Central Bank of Kuwait (CBK) is hosting a seminar in coordination with the International Islamic Financial Market (IIFM), on Islamic Hedging, Liquidity Management and Sukuk, on Wednesday, October 10, 2018.
More08.10.18 Press Release
Key Developments in the Balance of Payments of the State of Kuwait for the Second Quarter of 2018
The Central Bank of Kuwait (CBK) published today the preliminary data of the Balance of Payments (BOP) of the State of Kuwait for the second quarter of 2018, and the revised data of the first quarter of 2018. The aforesaid data show that the Current Account (summing up receipts and payments between domestic economy and other economies in terms of goods, services and income) recorded a surplus of KD 2,878 million during the second quarter of 2018 against a surplus of KD 1,855 million during the previous quarter, representing a hike of KD 1,023.1 million, i.e. 55.2%. The upturn in the Current Account surplus is due to the appreciation in the surpluses of both Balance on Goods and Primary Income on one hand, and the increase in the deficit of Secondary Income, as well as the decrease in the deficit of Services Account on the other. The surplus in the Current Account mainly reflects a surge in the surplus of the Balance on Goods (merchandise exports minus merchandise imports) to KD 3,789 million during the second quarter of 2018, compared to KD 3,356 million during the previous quarter. Furthermore, the 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) decreased by KD 219.3 million or 10.0% to KD 1,969 million during the second quarter of 2018, compared to a deficit of KD 2,188 million during the previous quarter.
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