Sun 26 Sep 2010 07:52 AM
Michel Accad
44

Michel Accad

Industry: Banking & Finance

Designation: Life is slowly getting better at Gulf Bank.

Country: Kuwait

Occupation: Life is slowly getting better at Gulf Bank.

$4,600

Gulf Bank

Kuwait

Life is slowly getting better at Gulf Bank. The Kuwait-based institution announced profit for H1 at $6.9m, up from a $26m loss the same period last year. The bank, which was established in 1960 and today has a network of 51 branches, offers consumer, corporate and international banking, and does so with ataff of just 150. In hands-on charge is CEO Michel Accad, who was appointed in June last year, and in August told Arabian Business that 2010 was proving to be a "turnaround year".