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Sunday , November 18 2018

Tag Archives: CBK

Update macroeconomic models at GCC level – CBK deputy governor

Al-Obaid addresses CBK hosted workshop KUWAIT CITY, Nov 4, (KUNA): Deputy Governor of the Central Bank of Kuwait (CBK) Youssef Al- Obaid on Sunday called for holding discussions among the GCC central banks to overhaul macroeconomic models and their applications. Structures and applications of macroeconomic models have been updated with …

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CBK issues KD 150m bonds, tawarruq

KUWAIT CITY, Oct 1, (KUNA): The Central Bank of Kuwait (CBK) announced Monday the most recent issues of CBK bonds and related tawarruq at a total value of KD 150 million (nearly $ 480 mln) for six months with rate of return at 2.875 percent. The CBK, on September 24, …

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CBK keeps rates on hold after Fed hike

Saudi, UAE, Bahrain and Qatar raise rates 25 bps, following Fed KUWAIT CITY, Sept 27, (Agencies): The Central Bank of Kuwait decided Wednesday to keep the discount rate unchanged at three percent and continue the current monetary policy. The decision is meant to enhance the competitive edge of the national …

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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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