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Capital Intelligence Affirms Gulf Bank’s Long-Term Foreign Currency Rating at “A+” and Bond Rating at “BBB+” both with a “Stable” outlook
Capital Intelligence Ratings (“CI Ratings”) has affirmed the Long-term Foreign Currency and the Short-term Foreign Currency of Gulf Bank ratings at “A+” and “A1”, respectively. At the same time, CI Ra...
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Gulf Bank Renews its Support for the Diraya Campaign
Gulf Bank kicks off its participation in Diraya campaign’s second year, as part of its commitment to social responsibility Daher: We are keen to continue supporting the efforts of the Central Bank a...
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Gulf Bank Partners with Pink Coffee
Kuwait – 2 December, 2014: In a first-of-its-kind initiative, Gulf Bank signed a cooperation protocol with Pink Coffee to run a boot camp for its staff. In line with its commitment to develop the nati...
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Gulf Bank Posts Operating Profit of KD 109.4 Million with a Net Profit of KD 32.2 Million in 2013
Kuwait – January 29, 2014: Gulf Bank today announced an operating profit before provisions of KD 109.4 million for the year ending 2013 (including KD 9.8 million of non - recurring income) against KD ...
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Gulf Bank Posts a 10% increase in Net Profit to KD 39 Million in 2015
Kuwait- 28 January 2016: Gulf Bank today announced an operating profit before provisions of KD 108 million for the year ended, 31 December 2015, and a Net profit at KD 39 million, which is a 10% incre...
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Gulf Bank Posts Net Profit KD 7.9 Million For First Quarter 2013
Kuwait - April 24, 2013: Gulf Bank today announced a net profit of KD 7.9 million for the first quarter of 2013, against KD 7.4 million for the same period last year. In continuing with the strategy t...
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Gulf Bank Receives 'Straight Through Processing Excellence' Award 2015 from Citibank
Kuwait – 25 August 2016: Gulf Bank today announced it has been awarded the prestigious ‘Straight Through Processing Excellence’ Award 2015 from Citibank for the Bank’s 95% + commercial payments STP ra...
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Fitch Ratings Upgrades Gulf Bank’s Viability Rating with a Stable Outlook
Affirmed the Bank’s Long-Term Issuer Default Rating at 'A' Reflecting the Bank's improved risk profile and resilient asset quality. Dalal Al-Dosari: International acknowledgement of Gulf Bank’s positi...
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Gulf Bank posts a Net Profit of KD 8.8 Million in Q1 2016
Kuwait – 17 May 2016: Gulf Bank today announced a net profit of KD 8.8 million in Q1 2016. This figure is down by KD 1 million year over year. Operating income increased by KD 2.5 million or 6% to 44 ...
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Is there a specialized technical expert that reviews the AlDanah draw process and execution?
Yes, the AlDanah draw process is subject to specialized technical review. External auditors, (approved by CBK) specifically RSM and Grant Thornton, representing the Central Bank of Kuwait (CBK) have c...
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