Gulf Bank announced that it signed an agreement with the International Finance Company (IFC), to purchase a tranche of IFC’s consumer vehicle portfolio providing the Bank’s consumer segment with further investment opportunities.
Aly Shalaby, General Manager, Consumer Banking Group, at Gulf Bank said: “Our agreement with IFC marks a significant milestone for Gulf Bank and expands Gulf Bank’s footprint further into the motor vehicle sector in Kuwait.”
Attending the meeting on behalf of Gulf Bank were: Fawzy Al Thunayan, General Manager – Board Affairs, Aly Shalaby, General Manager – Consumer Banking Group, Mark Davies, Deputy General Manager – Consumer Banking Group, Subhi Faraj, Deputy General Manager – Consumer Banking Group, Futouh Al Ali, Executive Manager – Consumer Banking Group, Carlos Ribeiro, Chief Financial Officer and General Manager-Financial Support and Manoj Soni, Deputy General Manager – Finance. The IFC representatives were: Khalifa Al Roumi, Vice Chairman, Nedhal Al Masoud, CEO, and Mohammed Fareed, Finance Manager.
Gulf Bank continues to offer its clients the most innovative banking solutions and products available in Kuwait, tailored to match their individual requirements. The Bank has established itself as a leading provider of banking and financial services to this discerning client base.