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Council Meeting

The Governor of Central Bank of Kuwait Mohammad Al-Hashel presided over the 58th meeting of the Council of GCC Financial Institutions and Central Bank Governors, which was hosted by Kuwait on Wednesday. Al-Hashel affirmed that Kuwaiti banks have achieved a great stride in implementing the Basel-3 standards since last year. He revealed that the actual implementation reached 12 percent this year while the country will exert more efforts to reach 12.5 percent and 13 percent in the next two years. He assured that the current political crisis in the region did not affect the meeting.

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