Wednesday , September 19 2018

Tag Archives: CBK

Central Bank of Kuwait Al-Hashel among top 10 bank governors

‘Perfect storm of challenges’ NEW YORK, Aug 20, (KUNA): Governor of Central Bank of Kuwait Mohammad Al-Hashel was listed among the top 10 of Global Finance’s Central Banker Report Cards 2018. In a report published recently by Global Finance, Al- Hashel was rated (A) grade; first in Gulf region, fourth …

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CBK issues 3-mth bonds & Tawarruq

Worth KD 160m KUWAIT, Aug 14, (KUNA): The Central Bank of Kuwait (CBK) said on Tuesday it issued KD 160 million (USD 528 million) worth of bonds and Tawarruq, an Islamic financial product which allows clients to raise money without breaking Muslim bans on interest. The issue is valid for …

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CBK issues Balance of Payments report for the first quarter of ’18

Current account surplus soars KUWAIT CITY, July 19, (KUNA): The Central Bank of Kuwait (CBK) published Thursday the preliminary data of the Balance of Payments (BoP) of the State of Kuwait for the first quarter of 2018 and the revised data of the fourth quarter of 2017. The Data show …

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CBK marks golden jubilee of establishment

The premier government-banking institute in Kuwait KUWAIT CITY, June 30, (KUNA): The Central Bank of Kuwait (CBK) marked on June 30 the golden jubilee of its establishment as the premier governmentbanking institute in the country. According to the CBK, the bank was established by virtue of the Law No. 32/1968 …

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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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