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The Industrial Bank of Kuwait (IBK), is a Kuwaiti bank, established on December 16, 1973, and is a closed Kuwaiti shareholding company. It is also the first bank specialized in granting financing to support local industrial development, and it was established in cooperation between the government Kuwait and a number of private sector institutions, which were represented by the Central Bank of Kuwait and the Ministry of Finance, and a number of major local companies operating in the industrial sector and some investment companies, and its capital may reach 20 million Kuwaiti dinars.