The Central Bank of Kuwait (CBK) is widely regarded as one of the Middle East's most effective apex institutions. It has, in recent years, created a stable and resilient banking system and one that is considered well equipped to deal with future uncertainties. But getting to this point has not been easy; Kuwait's banks were hit hard by the regional aftershocks of the 2007 financial crisis. Recent years have since presented new challenges as lower oil prices have tightened liquidity conditions across the Gulf's key banking markets. But Kuwait has emerged relatively unscathed from the worst of these difficulties.
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