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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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What are the highlights?
...for long term loans.The loan repayment will start immediately for Gulf Bank’s portion, with a grace period of one year for the fund’s portion only.Installment will increase in month 13, which is when ...
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Capital Intelligence upgrades Gulf Bank’s Financial Strength Rating to “A-”
...Foreign Currency outlook are now both revised to “Stable” from “Positive”. The Long-Term and Short-Term Foreign Currency Ratings have also been upgraded to ‘A+’ and ‘A1’ from ‘A’ and ‘A2’, respectivel...
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Fitch Ratings Affirms Gulf Bank’s Long-Term Issuer Default Rating at “A” With a Stable Outlook.
...Foreign Currency Rating of ‘A+’ with a ‘Stable’ Outlook by Capital Intelligence Ratings and a Long-Term Deposits rating of ‘A3’ with a ‘Positive’ Outlook by Moody’s Investor Services.
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Fitch Ratings Affirms Gulf Bank’s Long-Term Issuer Default Rating at “A” With a Stable Outlook.
...Foreign Currency Rating of ‘A+’ with a ‘Stable’ Outlook by Capital Intelligence Ratings and a Long-Term Deposits rating of ‘A3’ with a ‘Positive’ Outlook by Moody’s Investor Services.
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Easy Pay Participating Outlets
...For transactions made at participating merchants, the minimum purchase value is KD50. For other transactions, the minimum transaction amount is KD150. For transactions made at participating merchants, ask for Gulf Bank’s Easy Pay service before completing your purchase. For any other eligible transa...
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Gulf Bank Reports Net Profit KD 9.8 Million in First Quarter 2011
...for the first quarter of 2011, against KD 0.5 million for the first quarter of the previous year.The Bank's operating profit amounted to KD 23.4 million for the first quarter of the year. This compar...
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Gulf Bank Announces Winners of Cards Campaign "Win your spends back"
...for every KD 10 spent locally with a Gulf Bank prepaid or credit card, and three entries into the draw for every KD 10 spent internationally using a prepaid or credit card. Gulf Bank announced the...
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