IBK as a profitable bank with a strong focus on industrial development impact and as the main driver behind growing a diversified Kuwaiti economy.
Our Vision and Mission
Our Vision
Our Mission
Driving more diversified industrial growth and innovation, with a stronger focus on creating additionality as well as economic development impact for Kuwait.
The Strategic Plan
The five-year strategy (2022-2026) defines the bank's leadership's vision for the next five years, which is:
" IBK as a profitable bank with a strong focus on industrial development impact and as the main driver behind growing a diversified Kuwaiti economy"
To achieve this ambitious vision four strategic goals have been defined:
Objective 1 – Internal Improvement:
Address internal improvement areas to ensure continued financial sustainability, e.g., through optimizing and digitizing processes, streamlining customer relationship management, bringing our IT systems up to par.
Objective 2 – Orchestrate industry growth:
Step up to coordinate diversified development of the industrial sector.
Objective 3 – Innovate IBK’s product offering:
Expand and reshape the product portfolio and capabilities to provide more additionality.
Objective 4 – Support sustainable economy:
Promote ESG agenda in line with Kuwait’s government ambition "New Kuwait 2035".
These strategic objectives are attained through the implementation of initiatives addressed by the strategy, which encompasses all major and auxiliary operational areas. To implement the identified initiatives and attain the strategic objectives, work is performed in two important areas: Strategic Management and Strategic transformation.