News On CBK
balance-of-kuwaitis-debts-to-be-paid-to-banks-about-kd-12-bln_kuwait
Balance Of Kuwaitis Debts To Be Paid To Banks About KD 12 Bln The Central Bank of Kuwait stated that the balance of the consumer loans and installment financing services provided by banks and the investment and finance companies that are subject to the supervisi... May 23, 2021 224 Category: Kuwait
cbk-warns-against-dealing-investing-in-socalled-cryptocurrencies_kuwait
CBK Warns Against Dealing, Investing In So-called Crypto-currencies The Central Bank of Kuwait (CBK) warned against dealing or investing in the so-called crypto-currencies, amid the continued increasing calls for investment in these digital assets. In a statement S... May 22, 2021 364 Category: Kuwait
cbk-oks-to-postpone-the-loan-installments-of-citizens_kuwait
CBK OKs To Postpone The Loan Installments Of Citizens The Central Bank of Kuwait (CBK) announced yesterday the conditions and regulation for postponing the installments of consumer and installment loans for eligible citizens for a period of 6 months, Al ... April 19, 2021 652 Category: Kuwait
loan-installment-delay-in-play_kuwait
Loan Installment Delay In Play Finance officials in local banks have opened intensive communication lines with the Central Bank of Kuwait (CBK) seeking answers to many questions; foremost of which is if the postponement of the coll... April 07, 2021 671 Category: Business
cbk-chief-expects-positive-growth-in-kuwait-economy-this-year_kuwait
CBK Chief Expects ‘positive Growth’ In Kuwait Economy This Year Kuwait Central Bank (CBK) Governor Dr. Mohammad Al-Hashel expects the country to witness “positive growth” during 2021, but conceded it will “take time” to return to pre-pandem... April 05, 2021 285 Category: Business
cbk-hails-global-cybersecurity-standards-met-by-banks_kuwait
CBK Hails Global Cybersecurity Standards Met By Banks The Central Bank of Kuwait (CBK) has commended several local banks after being recognised by the International Organization for Standardization for compliance with ISO 27001: 2013 requirements for inf... January 04, 2021 214 Category: Business
cbk-bans-exchange-companies-from-importing-cash-in-cartons_kuwait
CBK Bans Exchange Companies From Importing Cash In Cartons According to informed sources, the Central Bank of Kuwait has shown extra concern towards the movement of funds outside the banking system, either between individuals and exchange companies, or betwee... December 10, 2020 584 Category: Business
kuwait-posts-kd-108m-current-account-surplus-for-q2--cbk_kuwait
Kuwait Posts KD 108m Current Account Surplus For Q2 – CBK Kuwait recorded a current account surplus of KD 108 million ($357 million) in the second quarter of 2020, the Central Bank of Kuwait (CBK) said on Wednesday. The surplus fell by KD 112 million ($36... December 09, 2020 328 Category: Economics
cbk-allegedly-seeks-report-on-all-cash-flows-from-foreign-currencies_kuwait
CBK Allegedly Seeks Report On All Cash Flows From Foreign Currencies Official sources revealed that the Central Bank of Kuwait has requested the banks to provide report showing all cash fl ows from foreign currencies originating from abroad, adding the report must incl... December 06, 2020 296 Category: Information
deposits-in-cbk-down-to-kd-63b_kuwait
Deposits In CBK Down To KD 6.3b The assets of the Central Bank of Kuwait (CBK) increased by 98 million dinars, by 0.6 percent, to reach about 14.06 billion dinars at the end of last October, compared to about 13.96 billion dinars at... November 30, 2020 283 Category: Business
cbk-maintains-a-historic-low-discount-rate-at-15-pct_kuwait
CBK Maintains A ‘historic Low’ Discount Rate At 1.5 Pct As part of vigilant monitoring of economic, monetary, and banking developments and forecast trends, the Central Bank of Kuwait (CBK) decided on Tuesday to maintain the current Discount Rate at 1.5 per... October 28, 2020 328 Category: Kuwait
cbk-issues-bonds-tawarruq-worth-kwd-200-mln_kuwait
CBK Issues Bonds, Tawarruq Worth KWD 200 Mln The Central Bank of Kuwait announced on Monday that they issued KWD 200 million (about USD 660 million) worth of bonds and tawarruq. CBK said in a statement to KUNA that the three-month issue period ... September 22, 2020 402 Category: Economics
cbk-tables-proposal-to-boost-coronavirushit-economy_kuwait
CBK Tables Proposal To Boost Coronavirus-hit Economy A proposal to boost the coronavirus-impacted local economy has been tabled during the most recent cabinet meeting, Central Bank of Kuwait (CBK) Governor Dr. Mohammad Al-Hashel, said late Thursday. The... June 05, 2020 515 Category: Kuwait
cbk-issued-kd-240-million-worth-of-bonds-and-tawarruq_kuwait
CBK Issued KD 240 Million Worth Of Bonds And Tawarruq The Central Bank of Kuwait (CBK) said Tuesday it issued KD 240 million (USD 792 million) worth of bonds and Tawarruq. The issue’s maturity period is three months with a return rate of 1.250 perc... April 14, 2020 577 Category: Kuwait
cbk-reduces-interests-rate-structure_kuwait
CBK Reduces Interests’ Rate Structure The Central Bank of Kuwait has reduced the interests’ rate structure for liquidity management tools, reports Al-Qabas daily quoting informed sources from the banking sector. They affirmed tha... February 11, 2020 202 Category: Business
cbk-is-keen-on-establishing-a-new-payments-system_kuwait
CBK Is Keen On Establishing A New Payments System The Central Bank of Kuwait (CBK) is keen on establishing a new Payments System Company capable of meeting the requirements of comprehensive development within the framework of its ambitious projects t... January 21, 2020 295 Category: Business
cbk-issued-gold-coin-with-the-image-of-his-highness-the-amir_kuwait
CBK Issued Gold Coin With The Image Of His Highness The Amir Kuwait Central Bank (CBK) has issued a gold commemorative coin bearing the image of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah. This came after five years the UN christened him a &#... December 17, 2019 382 Category: Kuwait
exchange-companies-complain-to-cbk-local-banks-refusal-to-open-accounts_kuwait
Exchange Companies Complain To CBK Local Banks Refusal To Open Accounts Some financial institutions and exchange companies that buy and sell currencies in the local market have complained to the Central Bank of Kuwait (CBK) that the local banks refuse to open or close acc... November 13, 2019 2873 Category: Business
cbk-unveils-liquidity-management-and-forecasting-dashboard_kuwait
CBK Unveils Liquidity Management And Forecasting Dashboard Governor of the Central Bank of Kuwait (CBK) Dr Mohammad Y. Al-Hashel announced CBKs live and consolidated “Liquidity Management and Forecasting Dashboard”, which enhances the ability to f... November 11, 2019 238 Category: Business
cbk-moves-to-combat-money-laundering-terror-financing_kuwait
CBK Moves To Combat Money Laundering, Terror Financing In a new supervisory action to combat money laundering and terrorist financing, the Central Bank of Kuwait (CBK) stressed all banks, finance companies and money exchanges are under the obligation to f... November 08, 2019 274 Category: Kuwait