Kuwaiti Banks Can Continue to Distribute Dividends for 2019

published:07/04/2020 04:38 GMT

The Central Bank of Kuwait said the country’s banks can continue to distribute dividends for 2019 and it is early to ask them to suspend dividends for 2020. “The exchange rate system is excellent and there is no fear for the Kuwaiti dinar,” said Mohammad Al-Hashel, adding that banks’ average capital adequacy ratio was above 18%. The minimum ratio has been reduced to 10.5%, the governor said. Last week, the Central Bank of Kuwait (CBK) announced a stimulus package to support vital sectors and...More