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On 9 November 2015, Fitch Ratings upgraded Gulf Bank's Viability Rating after it was able to reinforce its company profile, as follows:
Ratings ElementsRatings DriversFitch has upgraded GB's Viability Rating (VR) to 'bb' from 'bb-' due to its stronger company profile post restructuring. The bank has completed a wide ranging restructur...
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Gulf Bank Gives Its Customers Chances to Win an Apple Watch Ultra and iPhone 14 Pro
...14 Pro device. Gulf Bank has announced that the promotion period will run from May 21 to June 30, 2023, and the 60 winners will be announced on July 10, 2023, under the supervision of the Ministry of...
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Gulf Bank holds its first half 2024 Earnings Webcast
...15 basis points which was a 1-point increase sequentially from Q1. And for the first half the margin was 214 basis points which is 3 points higher than last year.” He added: “In terms of the outlook, ...
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Receivables Management
...FCY Remittances of funds from one bank to another, either locally or internationally, in local or foreign currencies. Cash deposit/ withdrawal via the huge branch network with all deposit details for accurate reconciliation. Regular cheque collections in LCY & FCY Vanilla cheque collections (pos...
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Standard and Poor’s Affirms Gulf Bank Rating at “A-”
...17, 2020. The sovereign action primarily reflects the risks stemming from fiscal pressure including the likely depletion of the General Reserve Fund, the government's main source of budget funding, wh...
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Gulf Bank records KD 35.8 million in Net Profit for the first half of 2023, an increase of 18.3% compared to 2022
...1.1% in first half of 2023 and return on equity grew from 9.1% to 10.1%. For the second quarter of 2023, the Bank reported a net profit of KD 18.5 million, an increase of 22% over the second quarter ...
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