Industrial Bank of Kuwait
in Kuwait 🇰🇼
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About Industrial Bank of Kuwait in Kuwait
Industrial Bank of Kuwait (IBK) is a specialized state-owned bank established to provide financial support and development financing for Kuwait's industrial sector. Founded as a closed joint stock company through a government initiative, IBK was the first specialized bank in the Gulf Cooperation Council (GCC) region dedicated to industrial development financing.
The bank operates with a capital of KWD 20 million and serves as a key instrument in Kuwait's economic diversification strategy, supporting the establishment, expansion, and modernization of industrial projects throughout the country. Majority ownership remains with public authorities including the Ministry of Finance and the Central Bank of Kuwait.
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