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Circular to all Branches of Foreign Banks Operating in the State of Kuwait

Warmest Greetings,

In light of the ongoing efforts of the Central Bank of Kuwait to enhance the banking sector in the State of Kuwait and to elevate the level of banking services, the Central Bank of Kuwait is to extend the closing times of Kuwait Automated Settlement System for Inter-participant Payments (KASSIP) as follows:

    -Exchange Session: from 7:00 AM to 6:45 PM
    -Initial Cut-Off: from 6:45 PM to 7:15 PM
    -Final Cut-Off: 7:45 PM

Accordingly, your bank must adhere to the following:
    -Extend the working hours of your electronic banking channels to align with the new extension hours.
    -Announce the new extension hours to customers through your bank's media channels, social media platforms, and mobile applications, starting from Monday, 22/04/2024.

Best Regards,
Sahar Abdulaziz Al-Rumaih