CBK Offers Regulatory Stimulus Package for Local Banks | Market Intelligence API | Briefly NewsStream
Central Bank of KuwaitKWeconomicsImpact 69.9
CBK Offers Regulatory Stimulus Package for Local Banks to Face Coronavirus Fallout
02.04.20 Press Release CBK Offers Regulatory Stimulus Package for Local Banks to Face Coronavirus Fallout The Central Bank of Kuwait (CBK) announced today it has adjusted its regulatory instructions and macro prudential policy tools to empower the banks’ ability to perform their vital role, provide financing to productive economic sectors, and offer liquidity to help businesses continue operations. This aims to avoid turning a shortage in liquidity from turning into long-term solvency issues. These instructions are part of previous actions taken to support vital economic sectors and enterprises with added value to the local economy and to support people and small and medium enterprises and b