21.09.22 Press Release

CBK Raises the Discount Rate by a Quarter Percentage Point

The Governor of the Central Bank of Kuwait (CBK), Basel A. Al-Haroon, stated that the CBK decided to raise the discount rate by 0.25% from 2.75% to 3.00% effective September 22, 2022. The CBK also decided to change the rates of monetary policy instruments by varying percentages for the entire interest rate yield curve, including repurchases (Repo), CBK bonds and tawarruq, term deposits, direct intervention instruments, as well as public debt instruments.

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12.09.22 Press Statement

CBK Extends its Condolences on the Passing of the Former Governor, Abdulwahab Al-Tammar

The Central Bank of Kuwait extends its heartfelt condolences on the passing of the former CBK Governor, Abdulwahab Al-Tammar.

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06.09.22 Press Statement

CBK Sets to Launch an Advanced Portal to Process Banking Sector Requests Digitally

In accordance with its digital strategy to create a business environment that underpins the fast-paced advancements in the banking industry and to ensure the banking system ability to fulfil its duties in a highly competitive atmosphere, the Central Bank of Kuwait (CBK) announced that it sets to launch an advanced and improved banking sector digital portal.

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25.08.22 Press Release

CBK to Test a First-of-its Kind Product for Open Banking within the Regulatory Sandbox

Keen to enable the new FinTech and support the Open Banking to help bring about innovative business models in the field of financial services, the Central Bank of Kuwait (CBK) has given the green light to test a first-of-its kind product by launching thereof in the local market within the Regulatory Sandbox and applying the same to banking transactions of volunteer customers to fully assess and evaluate the product before the final launch in the market.

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10.08.22 Press Release

CBK Raises the Discount Rate by a Quarter Percentage Point

His Excellency the Governor of the Central Bank of Kuwait (CBK), Basel A. Al-Haroon, stated that the CBK decided to raise the discount rate by a quarter percentage point from 2.50% to 2.75% effective August 11, 2022, and change the rates of monetary policy instruments by varying percentages for the entire interest rate yield curve including repurchases (Repo), CBK bonds and Tawarruq, term deposits, direct intervention instruments, as well as public debt instruments.

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10.08.22 Press Statement

CBK Launches a Podcast to Promote Financial Literacy

The Central Bank of Kuwait (CBK) launches a Podcast to promote financial literacy.

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27.07.22 Press Release

CBK Raises the Discount Rate by a Quarter Percentage Point

His Excellency the Governor of the Central Bank of Kuwait (CBK), Basel A. Al-Haroon, stated that the CBK decided to raise the discount rate by a quarter percentage point from 2.25% to 2.50% effective July 28, 2022, and change the rates of monetary policy instruments by varying percentages for the entire interest rate yield curve including repurchases (Repo), CBK bonds and Tawarruq, term deposits, direct intervention instruments, as well as public debt instruments.

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16.07.22 Press Statement

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 changed from negative to stable.

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05.07.22 Press Statement

CBK Honors Winners of the “Kuwaiti Economic Researcher Award” and “Kuwaiti Economic Student Award”

The Central Bank of Kuwait (CBK) held a ceremony to honor the winners of the “Kuwaiti Economic Researcher Award” and “Kuwaiti Economic Student Award” the CBK Governor and Chairman of the Institute of Banking Studies (IBS), Basel Ahmed Al-Haroon, and a host of elite banking sector figures attended the event on Tuesday, 05 July, 2022, at CBK Headquarters.

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03.07.22 Press Statement

CBK to Provide ATMs for “Eidiyah” in Shopping Malls

Due to the increasing demand on all KD denominations for distributing Eidiyah (monetary gift), the Central Bank of Kuwait (CBK) announced the provision of Automated Teller Machines (ATMs) in a number of shopping malls during the Eid.

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