CENTRAL BANK OF KUWAIT

The Central Bank of Kuwait (CBK; Arabic: بنك الكويت المركزي)[3] is the central bank of Kuwait. It offers a strict currency system on behalf of the state. The bank regulates Kuwaiti stock market along with the Kuwait Stock Exchange, the Ministry of Commerce and Industry and the Ministry of Finance.[4]

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CENTRAL BANK OF KUWAIT SWIFT Code

ID
Country
City
Bank or Institution
SWIFT Code
1
Kuwait
KUWAIT
/
CBKUKWKW
2
Kuwait
KUWAIT
/
CBKUKWKWBOD
3
Kuwait
SAFAT
/
CBKUKWKWXXX
  • Total: 3
  • 1

About CENTRAL BANK OF KUWAIT

  • Headquarters
    Kuwait City
  • Website
    cbk.gov.kw

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What is a SWIFT code?

A SWIFT code is an 8 or 11 character code used in banking to facilitate transactions and identify the bank.
What is the purpose of a SWIFT code in international transactions?

What is the purpose of a SWIFT code in international transactions?

SWIFT codes are used to route international financial transactions to the correct bank and branch. It facilitates the smooth and accurate transfer of funds between different banks and countries, ensuring that the transactions are processed correctly and securely.

How do I find my bank's SWIFT code?

You can find your bank's SWIFT/BIC code in the statements of your bank account. You can also use our SWIFT/BIC finder to get the right code for your transfer.
How do I find my bank's SWIFT code?

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Frequently Asked Questions

1. Why does CENTRAL BANK OF KUWAIT have different SWIFT Codes?

CENTRAL BANK OF KUWAIT operates differently across various countries, regions, and branches, with variations in business operations and clearing paths. To accurately identify and process CENTRAL BANK OF KUWAIT's cross-border payments and other transactions, different SWIFT Codes are used for distinction. Many large multinational banks have unique SWIFT Codes to their headquarters, regional branches, and overseas subsidiaries to ensure precise and secure fund transactions.

2. How do I know which SWIFT Code of CENTRAL BANK OF KUWAIT to use in a transfer?

It depends on the specific business scenario. For cross-border remittance to a branch of CENTRAL BANK OF KUWAIT, you can log on to the official website of CENTRAL BANK OF KUWAIT, or search the current page of XTransfer, or call CENTRAL BANK OF KUWAIT to inquire about the SWIFT Code of the branch. For international business, you should first coordinate with the relevant branch in the target country and confirm the correct SWIFT Code based on the exact information provided by your business partner.

3. Is there any pattern in the composition of different SWIFT Codes for a multinational bank like CENTRAL BANK OF KUWAIT?

Usually, SWIFT Code consists of 8 or 11 characters. For CENTRAL BANK OF KUWAIT, the first 4 digits represent the bank code, which is the same for CENTRAL BANK OF KUWAIT worldwide; the 5th and 6th digits are the country code; and the 7th and 8th digits are the region code, which will be different for branches in various regions. If the code includes 11 digits, the last 3 digits represent the branch code, which is used to distinguish different branches within the same region.

4. Will the SWIFT Code for CENTRAL BANK OF KUWAIT be updated or changed?

Yes. When CENTRAL BANK OF KUWAIT undergoes an organizational restructuring, such as a branch relocation, merger or split, or when there is a significant change in the financial system of the region where CENTRAL BANK OF KUWAIT is located, its SWIFT Code may be updated and changed. CENTRAL BANK OF KUWAIT will announce the changes in advance through its official website, mobile banking APP and other channels. Therefore, when handling cross-border business, customers should pay attention to the announcement of CENTRAL BANK OF KUWAIT in time to confirm the latest SWIFT Code information, so as to avoid affecting the business.

5. Do different SWIFT Codes of CENTRAL BANK OF KUWAIT support the same scope of business?

The scope of business is different. While the same bank can operate with different SWIFT Codes for the same basic types of business, there are differences for some specialized businesses or for businesses in specific regions. For example, the SWIFT Code of some branches may be specialized to support trade finance business, while the SWIFT Code of other branches is more convenient for cross-border e-commerce collection. In addition, for some emerging markets or country-specific business, only the SWIFT Code of a particular branch may have the authority to process it. When conducting international business, it is important to check whether the SWIFT Code of CENTRAL BANK OF KUWAIT supports the corresponding business.