VOL. XLVII

No 14

05-April-2004

REGIONAL BANKING

CBK Approves Regulations For Licensing Of Foreign Bank Branches

The Central Bank of Kuwait (CBK) announced that in a meeting on 21 March its Board of Directors had agreed upon the principles, rules and regulations for the licensing and operation of foreign banks branches in Kuwait. The rules are in accordance with the recently amended Article 56 of Law No 32/1968 concerning currency, the CBK and the organization of the banking business. The CBK said...