26.09.24 Press Release

CBK Issues 2023 Financial Stability Report

In line with its efforts to enhance transparency, disclosure, and provide reliable information and statistics related to the Kuwaiti financial and banking sector, the Central Bank of Kuwait (CBK) has issued its Financial Stability Report for the year 2023.

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18.09.24 Press Release

CBK Cuts Discount Rate by 25 Basis Points to 4.00%

In light of its vigilant monitoring of the domestic and international economic developments and the end of the monetary tightening cycle initiated since March 2022 at most of global central banks, the Board of Directors of the Central Bank of Kuwait (CBK) decided to cut the discount rate by 25 Basis Points from 4.25% to 4.00% effective 19-09-2024.

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13.09.24 Press Statement

Fitch Ratings Affirms State of Kuwait Sovereign Credit Rating at (AA-); Outlook Stable

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29.08.24 Press Statement

CBK Launches "Kuwait Overnight Interest Average" (KONIA)

Continuing its significant strides made to consolidate financial stability and introduce financial benchmarks for the local market seen as a reliable reference as per the best international standards, and contributes to enhancing transparency and efficiency of financial transactions in the State of Kuwait, the Central Bank of Kuwait (CBK) announced the launch of "Kuwait Overnight Interest Average" (KONIA).

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18.08.24 Press Release

Launching FinTech MBA Internal Scholarship Program for Kuwaitis in Cooperation with Gulf University

In light of CBK’s strategy to develop qualified national cadres in the financial and banking sector, and in response to the changes taking place in this field, the Kuwait Institute of Banking Studies (KIBS) announces the launch of FinTech MBA internal scholarship program for Kuwaitis, in cooperation with Kuwaiti banks and Gulf University for Science and Technology.

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20.06.24 Announcement

CBK Launches "Initiative Accelerator Program" at Innovation Hub "Wolooj"

The "Initiative Accelerator Program" at the Central Bank of Kuwait's Innovation Hub "Wolooj" is a dynamic initiative aimed at supporting aspiring Kuwaiti individuals with innovative ideas that benefit the banking and financial sector. The program is designed to foster creativity, innovation, and entrepreneurship within the local ecosystem by providing participants with the necessary support, resources, and mentorship to turn their ideas into successful ventures on pre-defined themes.

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07.06.24 Press Release

Standard & Poor's Affirms State of Kuwait Ratings at 'A+'; Outlook Stable

Standard & Poor's Global Ratings: State of Kuwait ratings affirmed at 'A+'; outlook stable.

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03.06.24 Press Statement

CBK Adds 2 New Companies to e-Payment Services Providers, e-Money Services Providers & e-Payment Systems Operators Register

Continuing its efforts to encourage innovation in financial services, enhance electronic payment services and regulate these activities, ensure providing high-quality, efficient and secure services to the public, and improve effectiveness and flexibility of financial transactions, the Central Bank of Kuwait (CBK) approved the registration of two companies, in which, one to practice as a Large e-Money Services Provider (EMSP), and one company as a Small e-Payment Services Operator (EPSO).

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20.05.24 Press Release

CBK Launches Fourth Cohort of the Cybersecurity Leaders Program

In light of CBK’s strategy to develop qualified national cadres in the banking sector and the national economy, and build technical capacities in cybersecurity 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, and as part of the Kafa’a initiative launched by CBK in collaboration with Kuwaiti banks and under the management of the Kuwait Institute of Banking Studies (KIBS), the CBK Governor and Chairman of the Board of Directors of (KIBS), Basel Al-Haroon, announced the launch of the 4th Cohort of the Cybersecurity Leaders Program.

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16.05.24 Press Statement

Moody's Press Release Regarding the Sovereign Credit Rating of the State of Kuwait

Moody's Investors Service has on 16 May 2024 affirmed Kuwait's sovereign credit rating at "A1", with stable outlook.

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