Awards & Ratings
Gulf Bank Increases Opportunities for Kuwaiti Companies
Kuwait – 1 June 2009: Gulf Bank recently initiated preparations to provide additional corporate financing to the market up to a total sum of nearly KD 300 million available.
This move comes after, and in support of, the financial stability law in 2009. The new law has been brought in to assist Kuwait’s economy overcome the effects of the global financial crisis.
With this objective Gulf Bank aims to play its part in kick starting an economic revival in Kuwait and is actively looking for opportunities to assist productive corporations and companies as they invest for the future. Gulf Bank has historically been a leader in supporting the credit needs of Kuwaiti business.
Gulf Bank Chairman, Mr. Ali Al-Rashaid Al-Bader commented: “We support the government’s action in bringing in this law and look forward to helping Kuwait return to maximum prosperity through our support of individual companies and its development plans.”
Gulf Bank’s positive performance in the first quarter of this year demonstrates that the Bank is now positioned for continued future success. The Bank is committed to maximizing shareholders’ returns and to provide our customers with world-class standards in customer satisfaction, product innovation and competitive value.