CBK talks to local banks on robust liquidity conditions

This news has been read 665 times!

KUWAIT CITY, Jan 25: The Central Bank of Kuwait has engaged in individual discussions with treasury officials from local banks, centering on conversations about liquidity conditions and banking coverage ratios, reports Al-Rai daily. 

In response to a recent questionnaire distributed to banks, these meetings aimed to gather insights into banks’ perspectives on liquidity conditions.

Key questions during these sessions focused on any challenges in meeting required liquidity needs in both local and foreign currencies. Banks unanimously reported no issues with liquidity supply, whether in dinars or dollars.

They expressed confidence in efficiently managing their diverse needs at more favorable rates than before, accompanied by lower price levels.

This suggests an excess in liquidity supply, supported by both the central bank and the interbank market to fulfill liquidity demands.

Sources emphasized that the Central Bank’s inquiries into liquidity levels are part of routine discussions, reinforcing regulatory safety by ensuring continuous liquidity availability. The consistent confirmation by banks underscores the absence of significant problems in this sector.

This news has been read 665 times!