Moody’s Investors Service (Moody’s) has affirmed Gulf Bank’s Long-Term Issuer Deposit Rating at ‘A3’ with a Stable Outlook. Moody’s has also affirmed Baseline Credit Assessment (BCA) and adjusted (BCA) at ‘ba1’.

According to the recently published Moody’s Investors Service commentary, Moody’s stated that: “The affirmation of the bank’s ratings reflects its resilient credit profile, supported by solid capital and liquidity buffers, alongside strong provisioning reserves.” Moody’s also added in their commentary: “The bank rating affirmations are also underpinned by the Government of Kuwait's (A1 stable) sovereign rating and exceptionally strong balance sheet, which provides a very high level of systemic support.”

Moody’s further noted: “The stable outlook on Gulf Bank's long-term deposit ratings reflects the unchanged capacity of the Government of Kuwait to extend support to banks in case of need, as well as our expectation that the bank will maintain solid capital and sound liquidity buffers alongside high provisioning coverage, with profitability expected to recover after near-term pressure from higher cost of risk linked to the regional conflict.”

Commenting on Moody’s credit rating announcement, Ms. Dalal Al-Dousari, Deputy General Manager of Investor Relations at Gulf Bank, said: “We are pleased with Moody’s affirmation of our Long-Term Deposit Rating at ‘A3’ with a Stable Outlook. The affirmation reflects Gulf Bank’s prudent risk management framework, disciplined underwriting and conservative provisioning levels. Collectively, these elements support the Bank’s credit resilience and its capacity to withstand adverse conditions while preserving balance sheet strength. This is further supported by the strength of Kuwait’s sovereign credit profile and the favorable domestic operating environment, which continue to support stability across the local banking sector.”

Gulf Bank continues to be well recognized internationally for its creditworthiness and financial strength, with “A” ratings from all three major credit rating agencies. In addition to Moody’s affirmation of Gulf Bank’s Long-Term Deposit Rating at ‘A3’ with a Stable Outlook, the Bank holds a Long-Term Issuer Default Rating of ‘A’ with a ‘Stable’ Outlook and a Viability Rating of ‘bbb-’ by Fitch Ratings in addition to a Long-Term Foreign Currency Rating of ‘A+’ with a ‘Stable’ Outlook from Capital Intelligence Ratings.