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Tuesday , October 26 2021

Twelve companies and factories since 2015 failed to repay industrial loans

KUWAIT CITY, June 6: Twelve companies and factories have, since 2015 until date, failed to repay industrial loans to the Industrial Bank of Kuwait (IBK) believed to be in the amount of 58.5 million dinars, reports Al-Anba daily quoting reliable sources. The sources stated the faltering clients vary between investors, contractors, electrical equipment industry, food and beverage industries, and the manufacturers of shoes and furniture. The daily added, the biggest defaulter in the investment sector which owns the bank a debt of 14.4 million dinars, followed by the factory sector 13.9 million dinars including one of the factories specialized in the chemical materials and then the products sector with a debt of 11.89 million (metal industries sector).

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