Gulf Bank

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Recent Articles

• Gulf Bank losses 'will be known within two days'29 October 2008

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

• Gulf Bank chief quits after losses 28 October 2008

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

• Gulf Bank customers rush to withdraw deposits27 October 2008

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

• Kuwait central bank guarantees all deposits 26 October 2008

  UPDATE 2: Kuwait says all deposits safe after saving Gulf Bank from derivatives losses.

• Gulf Bank shares suspended26 October 2008

  Kuwait bourse investigating derivative contract losses incurred by some of its clients, central bank says.

• Kuwait Gulf Bank Q3 profit falls 13.8%19 October 2008

  UPDATE 1: Gulf state's fifth largest bank cites single ailing credit client, investment revaluation.

• Kuwait's Gulf Bank gets share buyback approval 6 August 2008

  Kuwait's fourh largest bank by market value to buy back 10% of stock.

• Gulf Bank to offer mobile banking service22 July 2008

  The new service, Mobile Plus, will provide banking features that can be accessed by customers anywhere in the world

• Kuwait Gulf Bank warns of slower '08 growth20 July 2008

  Warning as Q2 profits fall 41% on debt right-downs, difficult globals conditions.

• Citigroup denies Kuwait bank bid25 June 2007

  Bank says newspaper report - which helped boost bank shares - is 'totally unfounded'.

• Citibank eyes Gulf Bank stake23 June 2007

  Citibank could boost its presence in Kuwait by taking a 'significant' stake in Gulf Bank, report says.

• Kuwait's Gulf Bank profit up 26%15 April 2007

  The bank said it earned $104.1m in the first three months, a record level according to Reuters data.

• Kuwait: 11 firms broke disclosure rules12 April 2007

  Shareholders in the unidentified companies face voting bans, claims bourse official.

• UGB fourth quarter profits rise 116%14 February 2007

  United Gulf Bank (UGB) made a fourth-quarter net profit of $30.35 million.