Kuwait Economy

Central Bank of Kuwait Allows Banks to Distribute 2020 Dividends

Central Bank of Kuwait (CBK) has been at the forefront and took various measures to limit the impact of COVID-19 pandemic on Kuwait economy and the banking sector. Some of the key measures taken by the central bank include reduction in discount rate to a historically low level of 1.50% from 2.75% and maximization of lending capacity of banks to provide financing by allowing use of capital conservation buffers (2.5% of capital) for capital adequacy ratio. In 2020, some countries...