Kuwait: Central Bank Exempts Banks from First Quarter’s Disclosures
The Kuwaiti Central Bank has issued a circular to banks requesting them not to submit their financial data for the first quarter. This circular adds banks to the list of companies that have been exempt from submitting their financial data for the first quarter and postpones it to the second quarter. The Central Bank said that all banks, except the Industrial Bank, will be able to provide their data pursuant to the provisions of Article 82 of Kuwait Law No. 32/1968 on e cash, the central bank of Kuwait, and the regulation of the banking profession and its amendments.