Press Releases
Operating Local Payment Systems at CBK During Weekends & Official Holidays
The Central Bank of Kuwait (CBK), the operator and regulator of the national payment systems infrastructure, issued a circular to all local banks on 16 March 2025 regarding the working hours of Kuwait's Automated Settlement System for Inter-Participant Payments (KASSIP) and Kuwait Electronic Cheque Clearing System (KECCS) during weekends and public holidays starting 01 April 2025 as follows:
MoreCBK Deadline for Exchange of the 5th Issue Banknotes
The Central Bank of Kuwait (CBK) announces the deadline for exchanging banknotes of the fifth issue as Friday 18 April 2025. Therefore, the CBK urges those holding banknotes of the outdated fifth issue to visit its Banking Hall to present the necessary documentation to exchange them during official working hours from 8:00 a.m. to 2:00 p.m (from 10:00 am to 1:00 pm during the month of Ramadan). Any exchange request after the said date will be disregarded.
MoreCBK Celebrates International Women’s Day
As part of Central Bank of Kuwait’s drive to empower women to fulfil their vital role in development, the Bank affirmed its support to women, as it provides one of the most prominent examples of women’s active role within Kuwaiti society in all professions and their marked performance across sectors.
MoreFitch Ratings Affirms State of Kuwait Sovereign Credit Rating at (AA-); Outlook Stable
Fitch Ratings Affirms State of Kuwait Sovereign Credit Rating at (AA-); Outlook Stable
MoreThe 84th Meeting of the Committee of the Governors of the Central Banks in the GCC Countries
The Gulf Cooperation Council (GCC) Central Banks Governors Committee convened its 84th meeting on Thursday, 20 February 2025, hosted by the State of Kuwait and presided by Central Bank of Kuwait Governor Basel Al-Haroon.
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CBK Launches the Sixth "Certified Shari'a Auditor" Program
The Governor of the Central Bank of Kuwait Basel A. Al-Haroon announced the sixth round of the “Certified Shari'a Auditor” Program, geared towards enhancing governance of Shari'a auditing in the Islamic banks business in Kuwait. The program is part of “Kafa’a Initiative” which was launched in collaboration with Kuwaiti banks and is managed and executed by Kuwait Institute of Banking Studies (KIBS).
MoreCBK Holds the Fourth Annual MENA Central Banks Regional Research Network Conference in Collaboration with World Bank
As part of its constant efforts to strengthen the regional cooperation and address critical economic concerns, the Central Bank of Kuwait (CBK) held the Fourth Annual MENA Central Banks Conference under the theme "Navigating the Challenges of Uncertainty, Climate Change, and Debt" from 28 to 30 January 2025.
MoreCBK Announces the 16th Session of Harvard Business School (HBS) Program for Banking and Financial Executives
The Governor of the Central Bank of Kuwait (CBK) and Chairman of the Board of Directors of the Institute of Banking Studies (KIBS), Basel A. Al-Haroon, announced that KIBS will present the sixteenth cohort of the Harvard Business School Program, which is designed to develop executives in GCC banks and financial institutions, in light of the changes in the business world, and the needs of the banking and financial sectors.
MoreExtending Working Hours of the Real Time Gross Settlement System (KASSIP)
In Continuous of Central Bank of Kuwait (CBK) efforts to enhance the quality and sustainability of financial services provided by the banking sector in line with a vision aimed at achieving round-the-clock financial services that accommodate the needs of several segments of the society, and serve all the national economic sectors, CBK, as the operator and regulator of the national payment systems infrastructure, extended the working hours for the Real Time Gross Settlement System (KASSIP).
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