Local banks have expressed concern over the consequences of the decision on calling the uncooperative clients controlled by the Common Reporting Standard (CRS) that contradic...

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...

During its meeting yesterday, the Kuwait Petroleum Corporation’s board of directors has taken vital decisions, including approval for the corporation to borrow two billion di...

Some banks have recently adopted a new strategy what it called ‘credit courtship’ under the title “I want a new client from the government sector employees”...

In the face of challenges facing the sector during the coronavirus crisis, Kuwaiti banks rely on a solid financial position at various levels in its components, in terms of assets...

The Central Bank of Kuwait has asked the banks to conduct the economic feasibility study before establishing a joint stock company specialized in the field of electronic payment, i...

The Chairman of the Board of Directors of the Kuwait Banks Federation, Adel Abdul-Wahhab Al-Majed, announced in coordination with the Central Bank of Kuwait, the banks will impleme...

Local banks have recently refused to accept deposit cash from exchange companies, leaving the latter unsure how to dispose of the cash collected at a time when banks have become st...

As reported by informed sources, the Central Bank of Kuwait has instructed banks to Kuwaitize the position of Director of the Anti-Money Laundering and Terrorism Financing Unit. An...

Data released by the Central Bank of Kuwait highlights a notable surge in credit facilities extended by local banks to non-resident customers, showcasing an annual growth rate of 1...