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بالعربية

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

Alternate Name:GB

Type:Joint stock

Established Date:29 October 1960

Ownership:Public

Phone:965 2449501

Fax:965 2412849

Website:www.e-gulfbank.com

'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

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.

Fitch downgrades rating for troubled Gulf Bank

Friday, 7 November 2008 7:01 AM

UPDATE 1: Agency decision comes after Kuwait had to rescue fifth largest lender.

'All options' open, says Gulf Bank

Sunday, 2 November 2008 6:16 AM

UPDATE 1: Troubled Kuwaiti lender responds to local newspaper reports that board set to resign.

Gulf Bank losses 'will be known within two days'

Wednesday, 29 October 2008 6:10 AM

Kuwait bank officials currently calculating scale of problem - new chairman.

Gulf Bank chief quits after losses

Tuesday, 28 October 2008 1:19 PM

UPDATE 2: Kuwait's second largest bank looking for capital increase or even merger after losses.

Gulf Bank customers rush to withdraw deposits

Monday, 27 October 2008 11:03 AM

UPDATE 2: Troubled Kuwaiti lender seeks to assure customers it is operating normally.

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First Gulf Bank plans benchmark bond sale

Tuesday, 25 September 2012 5:07 PM

Two sources said the deal, which is expected to be at least $500 million in size, could be announced as early as Tuesday,

Gulf Bank bags $2bn project finance mandates

Wednesday, 12 September 2012 5:33 PM

Kuwait's third largest lender hopes to bring one deal to market before end of 2012

Trafigura takes $400m loan from Gulf banks

Tuesday, 11 September 2012 8:15 PM

Sources say commodities trader is looking to diversify its lending pool; 11 banks involved

Kuwait's Gulf Bank sees Q2 profit slide by 30%

Monday, 13 August 2012 5:11 PM

Chairman says profit fall due to increase in precautionary reserve; remains confident

UAE's First Gulf Bank Q2 profit up 14%

Tuesday, 24 July 2012 3:29 PM

A 6 percent rise in Q2 lending offset 20 percent rise in costs for first six months

Gulf banks to escape eurozone turmoil, says S&P

Friday, 6 July 2012 9:39 AM

Rating agency says banks in region to continue 'steady recovery' during next two years

Sri Lankan Air gets US$175m Islamic loan from Gulf banks

Sunday, 1 July 2012 4:33 PM

State-owned airline secures funding from Abu Dhabi Islamic Bank, Mashreq, among others

Gulf banks seen driving jobs demand in Europe

Saturday, 23 June 2012 11:47 AM

HR advisory firm says region's banks looking to expand in Europe, across MENA

Gulf banks warned over social media backlash

Tuesday, 19 June 2012 10:28 AM

Sungard survey shows increased use of Facebook, Twitter to report negative experiences with lenders

First Gulf Bank posts 7% rise in Q1 net profit

Monday, 23 April 2012 6:53 PM

Abu Dhabi's second largest bank is helped by higher income from core business

First Gulf Bank lends US$350m to Indonesia's AKT

Sunday, 25 March 2012 4:12 PM

UAE-based bank lending cash to Indonesian coking coal producer

UAE's First Gulf Bank plans to double paid-up capital

Thursday, 1 March 2012 5:38 PM

Abu Dhabi-backed bank posted 18 percent rise in Q4 2011 profits

Kuwait's Gulf Bank 2011 profit jump hides Q4 slump

Sunday, 12 February 2012 4:44 PM

Kuwait's Gulf Bank reported a 60 percent jump in full-year net profit in 2011

Gulf banks should replace Europe loans, economist says

Sunday, 13 November 2011 5:44 PM

DIFC's Nasser Saidi says regional banks must boost relations with more-liquid Asian banks

Kuwait's Gulf Bank posts 8% rise in Q3 net profit

Wednesday, 26 October 2011 5:57 PM

Lender's performance helped by growth in customer base, improved balance sheet

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Price Chart »

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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
Expansion for Trading and Construction	Kuwait
Zumorroda Investment Company	Kuwait
Alghanim Industries	Kuwait
Behbehani Investment Company	Kuwait

Disclosures »

GBK: Assures all shareholders and customers that the Bank enjoys a good financial status

GBK: Trading halted

GBK: Gulf Bank third quarter profit follows industry trends

GBK: Showcases KWD 1 million at three of Kuwait's largest malls for the next Al Danah draw

GBK: The first local bank to launch mobile plus service

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