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| Our Industrial
Financing
IBK takes an active role in the identification and promotion of industrial projects, which have reasonable prospectus for meeting its objectives and criteria. Accordingly, IBK will, alone or jointly with other investors, take the lead to developing industrial projects through the stages of identification, feasibility study, detailed engineering, financing nod implementation. The services which were initially limited so she industrial manufacturing sector has been expanded to the petroleum and marine service sectors as well. The bank formulates the standard terms and conditions for financing industrial projects within the framework that compiles with the provisions of Law 56/1996 with respect to industries in the State of Kuwait The bank strives relentlessly to explore and promote feasible industrial opportunities following the preparation of comprehensive feasibility studies over their economic viability, especially large capital industries which rely on advanced technology and highly skilled labor. The bank maintains close ties of cooperation with specialized local and international consulting offices for formulating and realizing promotional opportunities for industrial projects. This has enabled the bunk to acquire extensive experience and to better adapt and expand the services rendered to sponsors of industrial ventures. The bank follows up on the performance of the industrial companies for which loans ware granted and offers counseling services, technical suggestions, and advises an overcoming any obstacles confronting the launching and success of she industrial activity. IBK also prepares comprehensive market studies of the Kuwaiti market in view of the competition faced by national products from their foreign counterparts. These studies are very valuable for the follow-up of developments in the local market and assists in the conceptual formulation of new projects or for expansion of existing projects.
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