Tag Archives: CBK

Kuwait accounts for 6% of Islamic banking assets: Al-Awadhi

CBK proactive in strengthening supervision to ensure financial stability Following is the opening address by Waleed Al-Awadhi, Executive Director, Supervision Sector, Central Bank of Kuwait at the CBKIFSB conference on Islamic finance in Kuwait City. — Editor Excellencies, Governors of central banks and monetary authorities, Dr Bello Lawal Danabatta, Secretary- …

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Commerical bank of Kuwait holds its AGM – CBK now among the best local banks in profitability ratios; logs KD 55.4mn in 2017

Message from Ali Mousa Al Mousa, Chairman of Commercial Bank of Kuwait during the General Assembly Meeting In the name of Allah the Most Gracious, the Most Merciful Our valued shareholders, I have the pleasure to present today a significant turnaround in Commercial Bank of Kuwait’s performance which is crowned by …

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CBK and IFSB to organize a high-level global conference on Islamic finance – ‘Confab to highlight role of industry on broader national economic agenda’

KUWAIT CITY, March 27: The Central Bank of Kuwait (CBK) and the Islamic Financial Services Board (IFSB) are pleased to announce that they will be organizing a high-level global conference on Islamic finance. The conference will be held on May 2, 2018 in the State of Kuwait in conjunction with …

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Central Bank of Kuwait asks Islamic banks to provide reports about shares, plots, houses

Reports to be sent within ten days KUWAIT CITY, March 8: The Central Bank of Kuwait has asked Islamic banks to provide it with reports about the shares, plots and residential houses, the ownership of which were transferred to the banks as debt settlements, reports Al-Rai daily quoting informed sources. …

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CBK policies helped banks in crisis after oil prices fall – ‘Mergers to create instability’

KUWAIT CITY, Nov 13: Several experts in economy affirmed that Kuwaiti banks escaped the major crises that hit the global financial system in previous years through the policy of Kuwait Central Bank, reports Al-Shahed daily. In this context, economist Maitham Al-Shakhs stated that the banking sector is the most secure …

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CBK planning to retire many ‘long-term’ staff – Citizens get additional benefits in quitting jobs

KUWAIT CITY, Aug 26: The Central Bank of Kuwait (CBK) has started taking procedures to refer a number of employees for retirement as they have been in service for more than 30 years, except those occupying senior positions (department directors) due to their experience, reports Al-Qabas daily quoting sources. Clarifying …

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Kuwait’s money supply in May rises by 0.5 pct – Private sector deposits rise

KUWAIT CITY, July 13, (Agencies): The Central Bank of Kuwait (CBK) on Thursday said that money supply (M2) in May was KD 36.5 billion (about USD 120 billion) up by 0.5 percent compared to April. The CBK’s economic research department added in statistical data obtained by KUNA that the private …

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CBK to implement Sharia governance by year-end – To be applied to all banks

KUWAIT CITY, May 7, (KUNA): The Central Bank of Kuwait (CBK) on Sunday said that it was determined to develop the financial sector’s workforce and that plans to introduce Sharia governance will come into effect by the end of the year. Speaking to KUNA on the sidelines of a workshop …

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CBK eye maiden title

The final match of the Kuwait Banking Club Football Tournament between the teams of Commercial Bank of Kuwait and the Gulf Bank will be held on Friday evening at Sabah Al-Salem Stadium of Al-Arabi Club. It is sponsored by the Board Director of the Kuwait Banking Club Majed Essa Al-Ajeel, …

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Tijari records net profit of KD 27.5 mln for 9M – Total assets reach KD 4,047 million

KUWAIT CITY, Nov 5: Commercial Bank of Kuwait announced net profit of KD 27.5 million for the nine months period of 2016 compared with KD 25.4 million of same period last year, a growth of 8.2  percent. The fee income witnessed year on year growth of 8.8 percent, foreign exchange …

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