Gulf Bank

Kuwait's Gulf Bank says it expects its bad loans will weigh on company profits up to mid-2010.

Facility to be used to repay existing Murabaha, as well as fund network expansion and future growth.

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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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