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Our Financial and Banking Services IBK offers to its client a diversified and comprehensive array of distinctive financial and banking services. At the head of such services is the granting of funded and unfuded credit facilities necessary for financing the needs of the working capital of industrial activities. The bank participates in meeting the banking needs of well-rated customers both locally and internationally, jointly with major international bunks were appropriate. On behalf of its principals, the bank manages financial portfolios for providing funding for industrial activity including financial portfolios that operate in accordance with the provisions of the Islamic Sharia. In the area of direct investment and promotion of industrial projects, the bank undertakes feasibility studies, both on behalf of its customers and as a promoter, and, where so decided, assists in the execution of the projects through equity investments. IBK has also contributed to the establishment of investment funds of industrial nature in technically advanced markets by collaborating with major international and local financial institutions. The development of the capital market in Kuwait was given an impetus when IBK became the first Kuwaiti borrower to raise funds by way of a bond issue in Kuwaiti Dinars in 1975. The issuance of bonds and certificates of deposit led the bank to an advanced stage of growth in banking operations and thus enabled it in play the role of a market maker in deposits denominated in Kuwaiti Dinar. IBK, therefore, possesses the experience and technical skills that qualify it to offer advice to its industrialist clients and to assist them in investing their savings through high return instruments such as deposits, various kinds of accounts, portfolios, foreign exchange or loans. The numerous financial and banking services offered by the bank to its clients represent a comprehensive package that meets their investment needs and thus makes IBK the number one banking institution of the industrial sector in Kuwait. |
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