CBK Press Release on Kuwaiti Banks Financial Performanc | Market Intelligence API | Briefly NewsStream
Central Bank of KuwaitKWeconomicsImpact 60.3
CBK Press Release on Kuwaiti Banks Financial Performance During the 1st Year of COVID-19 Pandemic
24.02.21 Press Release CBK Press Release on Kuwaiti Banks Financial Performance During the 1st Year of COVID-19 Pandemic The Central Bank of Kuwait (CBK) announced that it conducted a comprehensive review of the financial statements of Kuwaiti banks for the year 2020. This was done as part of its ongoing efforts to bolster the financial stability of the banking sector, considered central to the State’s financial system, and ensure its continuous and efficient supply of services to the economy amid highly stressed operating conditions. Thus, the CBK stressed its diligent and proactive monitoring of developments that could affect financial stability. Despite the ramifications of the Covid-19 p