Press Releases
CBK Issues its 10th Edition of the Financial Stability Report
As part of the constant efforts to increase transparency and public disclosure through providing credible information and data relevant to the local banking and financial sectors, the Central Bank of Kuwait (CBK) issued the Financial Stability Report for the year 2021.
MoreIMF Concludes its Periodic Preliminary Consultations with the State of Kuwait under Article IV of the IMF Establishment Agreement
The International Monetary Fund (IMF) concludes its periodic preliminary consultations with the State of Kuwait under Article IV of the IMF establishment agreement.
MoreHonoring the "Let's Be Aware" Campaign at the Kuwait Creativity Award 2022 within the Category of Social Responsibility
The Kuwait Creativity Award Authority 2022 honored the banking awareness campaign "Let's Be Aware" in its annual ceremony on 12/12/2022 under the auspices of the Minister of Information and Culture. The campaign was launched by the Central Bank of Kuwait (CBK) in cooperation with the Kuwait Banking Association, the Kuwaiti banks and other entities with the aim of promoting financial literacy among all segments of society, and disseminating banking and financial awareness about the Creativity Award within the Social Responsibility spectrum.
MoreCBK Governor Honors the Graduates of the Risk Management Leaders Program
The Central Bank of Kuwait (CBK) Governor and Chairman of the Institute of Banking Studies (IBS), Basel A. Al-Haroon, honored the graduates of the Risk Management Leaders Program (Group II) at the CBK today. The program was held between May 16, 2022 to October 28, 2022. This is one of the "Kafa’a" initiative programs launched by the CBK in cooperation with Kuwaiti banks and Institute of Banking Studies with the aim to develop national competencies and encourage them to work in the risk management departments in banks and financial institutions.
MoreLaunching "Apple Pay" Service Having Met all the Legal and Regulatory Requirements
Having fulfilled all the legal and regulatory requirements of the other regulators, the Central Bank of Kuwait (CBK) announced the complete launch by several Kuwaiti banks of “Apply Pay” services provided by Apple International in the local market. This demonstrate CBK’s keenness to support and help develop easy and quick digital services to the public at the highest security standards that ensure protection of the customer’s banking information.
MoreCBK Raises the Discount Rate by a Half Percentage Point
The Board of Directors of the Central Bank of Kuwait (CBK) decided to raise the discount rate by 0.50% from 3.00% to 3.50% effective December 7, 2022. The CBK Governor, Basel Al-Haroon, pointed out that this decision came in line with the CBK’s balanced and progressive approach that aims to reinforce an environment inducing to economic growth, and maintain the financial and monetary stability and attractiveness of the national currency as a store of the local savings.
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CBK Convenes a Regulatory Sandbox Workshop
Within the course of the Central Bank of Kuwait’s (CBK) continuous initiatives to encourage and develop FinTech in the State of Kuwait and to adopt emerging FinTech startups, the CBK held a workshop on the Regulatory Sandbox for digital transformation and innovation specialists in local banks. The Sandbox is a safe environment for testing FinTech without exposing the financial and banking system to risks.
MoreCBK Launches an Online Portal to Receive Complaints and Appeals from Local Banks' Customers
As part of its efforts to protect individual customers’ rights and enhance the services provided to them, the Central Bank of Kuwait (CBK) announced the launch of an online portal within its Customer Protection Unit for customers to file their complaints and appeals against local banks instead of in person at CBK headquarters.
MoreGrowing Banking Services Offered to People with Disabilities During 2022
To enhance financial inclusion and care to offer customers with special needs access to banking and financial services, Central Bank of Kuwait marks the International Day of Persons with Disabilities observed annually on December 3.
MoreTenders Electronic Service is Available on CBK website
The tenders’ electronic service is available on CBK official website, in which companies and institutions can view tenders offered by the CBK and obtain all information and terms of references after registration through the designated page: https://tendering.cbk.gov.kw.
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