Kuwait International Bank certified as real estate appraiser
Bank’s real estate division will study construction costs, feasibility and implementation of project milestones
George Aghajanian says the division’s roles extend to studying construction costs, feasibility and implementation of project milestones.
The Real Estate Division (READ) of Kuwait International Bank (KIB) has achieved solid growth handling several roles and responsibilities in the Kuwaiti market including appraisal of different types of properties.
The unit, which was established in 1973, was selected by the Central Bank of Kuwait in 1986 to evaluate debts settlement real estates, and has recently been named to undertake real estate appraisal for firms governed by the Financial Stability Law, and was also certified to evaluate the projects of the Technical Bureau at the Ministry of Finance.
The division has been recently approved by the Ministry of Trade and Commerce as a certified appraiser.
“READ has many roles and responsibilities that include appraisal of different types of properties for individuals and corporations in Kuwait,” said Eng George Aghajanian, head of the Real Estate Division in KIB.
“In addition, the division’s roles extend to studying projects’ construction costs , their feasibility, and the following-up implementation of the project’s milestones and reporting the same to the concerned departments and divisions in the bank or to investors,” he said.
