Gulf Bank

Publicly listed since 1984, Gulf Bank generated an average of USD 1 million of net profit per day in 2006. Gulf Bank was one of the first Kuwaiti Banks to be established after the independence of the State of Kuwait.

Its main business activities include retail banking, corporate banking, and treasury and investment management. Founded in 1960 with 50 employees working out of a rented apartment, Gulf Bank has expanded to offer a network of 41 branches across Kuwait by 2007.

Gulf Bank was the first bank in Kuwait to introduce an ATM service in the country.
More about the company
Address: Al Mubarak Al Kabir Street PO Box 3200 , Kuwait City, KUWAIT

GB

Joint stock

29 October 1960

Public

965 2449501

965 2412849

www.e-gulfbank.com

Related articles

Gulf Bank makes Q2 loss after H1 Saudi provisions

Sunday, 2 August 2009 7:14 PM

UPDATE 2: Analyst expects performance of Kuwait-based bank to improve in H2.

Gulf Bank reports $20.4m Q2 loss

Sunday, 2 August 2009 3:18 PM

The Kuwaiti lender says in a statement it made a net loss in the first half of the year to June 30 of KD7.5m.

Gulf Bank back to profitability

Wednesday, 13 May 2009 7:47 PM

Despite improvement at Kuwait-based bank, net profit still down 95% on corresponding quarter last year.

Kuwait financial sector 'nearly stable'

Saturday, 9 May 2009 8:09 PM

Central bank governor says too early to tell whether it has totally overcome impact of global crisis.

Gulf Bank share price halves as trading resumes

Gulf Bank share price halves as trading resumes

Tuesday, 14 April 2009 10:43 AM

Kuwaiti bank badly hit by losses in derivative trading and stopped trading last Oct.

'Worst over' for Kuwaiti banking sector

Sunday, 12 April 2009 8:38 PM

Q1 profits expected to decline year on year, but improve from losses in prior quarter.

Gulf Bank to make Q1 profit on back of rescue plan

Saturday, 11 April 2009 3:49 PM

December's bailout from shareholders covered $1.29bn loss in derivitives.

Kuwait to launch $275m bond scheme on April 8

Kuwait to launch $275m bond scheme on April 8

Monday, 6 April 2009 3:03 PM

The new one-year treasury bond is fifth in a year, it will carry 2.25% coupon.

Kuwait Gulf Bank made $5.52m net loss in Jan

Monday, 23 March 2009 1:30 PM

Start of 2009 shows improvement for troubled bank despite on-going losses.

Kuwait central bank to issue further tranche of T-bills

Sunday, 22 March 2009 9:53 PM

Latest tranche to be issued (92m dinars) carries a coupon rate of 2.25%.

Kuwait's Gulf Bank posts $1.54bn losses for Q4 2008

Saturday, 21 March 2009 3:13 PM

Fourth-largest bank suffers full-year net loss for 2008, against net profits, 2007.  

Kuwait ruler accepts cabinet resignation

Monday, 16 March 2009 11:10 PM

UPDATE 3: Economic stimulus plan under threat as fifth cabinet in two years hands in its resignation.

Kuwait cabinet approves $1.4bn Gulf Bank issue

Tuesday, 23 December 2008 6:27 PM

Troubled bank's emergency rights issue authorised after it suffered huge losses.

Investors throw lifeline to troubled Gulf Bank

Tuesday, 2 December 2008 12:13 PM

UPDATE 3: Approval by shareholders for $1.3bn emergency rights issue to cover huge losses.

Gulf Bank not seeking merger

Sunday, 23 November 2008 11:06 AM

New chairman says merger not priority until restructuring ordered by Kuwait's central bank is finalised.

Kuwait's Gulf Bank in $1.4bn capital hike after shock loss

Monday, 17 November 2008 11:48 PM

Entire board resigns as state fund agrees to mop up any shares left unsubscribed.

Foreign investors 'interested in Gulf Bank stake'

Wednesday, 12 November 2008 10:08 AM

Noor Financial Investment Co says two institutions mull move for Kuwait bank.

Moody's downgrades rating for troubled Gulf Bank

Tuesday, 11 November 2008 7:29 AM

Agency lowers financial strength rating for Kuwait bank hit by derivatives deal loss.

Gulf Bank crisis under control, says central bank

Monday, 10 November 2008 4:03 PM

Measures being taken to restore confidence in troubled bank after derivatives loss.

Saudi lender linked with Gulf Bank takeover

Sunday, 9 November 2008 11:06 AM

Unnamed company plans to buy large stake in troubled Kuwaiti bank, reports say.


Related searches

First Gulf Bank may bid for Barclays' UAE ops, says CEO

Monday, 16 September 2013 1:45 PM

UAE's third largest bank may make move after UK lender decides to sell retail business

Gulf banks sniff opportunities as foreign rivals retrench

Thursday, 20 June 2013 8:57 AM

Operating income at the 32 largest GCC banks has jumped 74% between 2006 and 2012

UAE's First Gulf Bank posts 12% rise in Q1 profit

Monday, 29 April 2013 1:18 PM

Second largest lender in the UAE makes net profit of $285.9m in the first three months of 2013

Gulf banks increase hiring of senior execs in Q1

Friday, 26 April 2013 10:49 AM

HR advisory firm says GCC banks plan to continue hiring as many eye growth abroad

S&P forecasts steady growth for Gulf banks

Sunday, 24 March 2013 5:24 PM

Rating agency says region's banking sector is likely to see strong bank lending in 2013

First Gulf Bank drags Abu Dhabi to 3-week low

Thursday, 7 March 2013 12:39 PM

Builder Arabtec sheds 1 percent has fallen 31.8 percent in six sessions

UAE's First Gulf Bank repays $1.2bn gov't support

Monday, 4 March 2013 2:46 PM

Abu Dhabi lender has fully repaid federal funds it received as support in the wake of the global financial crisis

UAE's First Gulf Bank hires banks for $800m loan

Saturday, 15 September 2012 1:15 PM

UAE's second largest lender mandates local, international banks to arrange 3-year facility

UAE's First Gulf Bank eyes 10% loan growth in 2013

Wednesday, 27 February 2013 11:04 PM

UAE's second-largest lender by market value expects higher demand from consumers and government bodies

UAE's First Gulf Bank Q4 profits up 12%

Wednesday, 30 January 2013 3:13 PM

Gulf state's second largest lender makes net profit of $313.1m, beating estimates

First Gulf Bank's investor relations head quits

Sunday, 6 January 2013 6:07 PM

Joe Mallouf resigns to take up new role with Al Khaliji Bank in Qatar later this month

First Gulf Bank to add two new Dubai branches

Tuesday, 18 December 2012 3:15 PM

UAE's second largest lender will add locations in Dubai Mall and Jebel Ali Free Zone

UAE's First Gulf Bank inks $900m loan deal

Tuesday, 13 November 2012 5:58 PM

UAE's second largest bank says agreement reached with group of international lenders

Kuwait's Gulf Bank posts 5.6% rise in Q3 profit

Tuesday, 30 October 2012 5:44 PM

Kuwait's fourth-largest lender says net profit for the quarter reached more than $34m

UAE's First Gulf Bank Q3 profit rises 15%

Monday, 22 October 2012 4:21 PM

Gulf state's second largest lender sees profit increase to US$287m in quarter


Officers »
Board of Directors Position
Abdulaziz Abdulrahman Abdulaziz Al Shaya
Board Member
Hussain Ahmed Qabazard
Board Member
Khaled Saoud Al Hassan
Board Member
Naser Yousef Naser Bourisli
Board Member
Mahdi Mahmoud Haji Haidar
Board Member
   
Management Position
Sana Juma
General Manager - Corporate Banking
Nazem Suleiman Al Qennae
General Manager - Retail Banking
Fawzi Al Thunayan
General Manager - Board Affairs
Surour Al Samerai
General Manager - Human Resources
Khaled Al Moutawah
General Manager - International Banking
View all
Major Shareholders
Name Country
Alghanim Industries
Kuwait
Zumorroda Investment Company
Kuwait
Behbehani Investment Company
Kuwait
Expansion for Trading and Construction
Kuwait
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