http://debianws.lexgopc.com/wiki143/index.php?action=history&feed=atom&title=Industrial_Bank_of_KuwaitIndustrial Bank of Kuwait - Revision history2026-06-02T14:49:09ZRevision history for this page on the wikiMediaWiki 1.43.1http://debianws.lexgopc.com/wiki143/index.php?title=Industrial_Bank_of_Kuwait&diff=2096863&oldid=previmported>Initw at 21:01, 9 May 20252025-05-09T21:01:06Z<p></p>
<p><b>New page</b></p><div>{{Short description|Financial institution in Kuwait}}<br />
{{Infobox company<br />
| name = Industrial Bank of Kuwait<br />
| logo = Industrial Bank of Kuwait Logo.png<br />
| logo_size = <br />
| type = [[Private company|Private]] |<br />
| foundation = {{start date and age|1973}}<br />
| location = [[Kuwait City]], Kuwait<br />
| key_people = Ali A. Khajah ([[CEO]])<br />
| industry = [[Banking]] <br />
| homepage = <br />
}}<br />
The '''Industrial Bank of Kuwait (IBK)''' was established in 1973 in the [[Kuwait]] through a government initiative.<ref>{{Cite web |date= |title=About IBK |url=https://www.ibkuwt.com/en/about-ibk/about-ibk/ |website=ibkuwt.com}}</ref> It specializes in providing financial support for the Kuwaiti industrial sector.<br />
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==History==<br />
It was founded by the government of Kuwait in partnership with private sector institutions to support the country's development and enhance the international competitiveness of Kuwaiti companies. In its initial phase, being the first bank in the [[Gulf Cooperation Council]] region to specialize in industrial development, IBK's main focus was to provide medium to long-term financing for industrial projects.<ref>{{Cite web |last=Ventura |first=Luca |date=2024-03-04 |title=Top 10 Banks in Kuwait |url=https://gfmag.com/banking/top-10-banks-in-kuwait/ |access-date=2024-06-17 |website=Global Finance Magazine |language=en-US}}</ref> Currently, majority of the bank’s shares are owned by the public authorities,<ref>{{Cite web |title=Fitch Affirms Industrial Bank of Kuwait at 'A' |url=https://www.fitchratings.com/research/banks/fitch-affirms-industrial-bank-of-kuwait-at-a-outlook-stable-11-03-2024 |access-date=2024-06-17 |website=fitchratings.com}}</ref> including the [[Ministry of Finance (Kuwait)|Ministry of Finance]], the [[Central Bank of Kuwait]], and the Public Institution of Social Security.<ref>{{Cite web |date= |title=About IBK - SHAREHOLDERS AND OWNERSHIP |url=https://www.ibkuwt.com/en/about-ibk/about-ibk/ |website=ibkuwt.com}}</ref><br />
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== Financial performance ==<br />
As of 2024, the bank’s capital stands at KWD 20 million.<ref>{{Cite web |title=KUNA : Industrial Bank of Kuwait marks 50th anniversary - Economics - 08/01/2024 |url=https://www.kuna.net.kw/ArticleDetails.aspx?id=3131333&language=en |access-date=2024-06-17 |website=www.kuna.net.kw}}</ref><br />
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==See also==<br />
*[[List of banks in Kuwait]]<br />
* [[List of national development banks]]<br />
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==External links==<br />
*[https://www.ibkuwt.com/en/ Industrial Bank of Kuwait]<br />
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==References==<br />
{{reflist}}<br />
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{{Authority control}}<br />
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{{DEFAULTSORT:Industrial Bank of Kuwait}}<br />
[[Category:Banks established in 1973]]<br />
[[Category:Banks of Kuwait]]<br />
[[Category:Kuwaiti companies established in 1973]]<br />
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{{Kuwait-stub}}<br />
{{asia-bank-stub}}</div>imported>Initw