CBK directs banks on new mechanism for pricing deposits in dinars – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
- Date: 19-Jul-2022
- Source: Arab Times Kuwait
- Sector:Financial Services
- Country:Kuwait
CBK directs banks on new mechanism for pricing deposits in dinars – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
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KUWAIT CITY, July 2: The Central Bank of Kuwait has directed banks to implement a new mechanism in pricing deposits in dinars, especially those whose maturity date is approaching, and those whose deadlines are upcoming and the process is underway to renew them, reports Al-Rai daily.
According to informed sources, the Central Bank of Kuwait obligated the banks to disclose and advise clients, especially for applying the interest rate on clients’ deposits in dinars. The advice in this regard should enable the clients to be fully aware of the bank’s measures taken in this regard.
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