Gulf Bank awarded ‘Best Retail Bank in the Middle East’ by Banker Middle East for the third year in a row

Published May 19th, 2007 - 01:25 GMT

Gulf Bank has been awarded ‘Best Retail Bank in the Middle East’ for the third year in a row by Banker Middle East, the region’s leading banking industry magazine.

Gulf Bank’s unprecedented third win was announced at the Banker Middle East Industry Awards 2007 ceremony held at the Ritz-Carlton Hotel in Qatar. Winners were chosen by a judging panel of international industry experts from companies such as rating agencies as well as from some of the region’s financial centres.

“No other bank has won this award three times in a row and I am delighted to see that our winning streak has continued,” commented Mr. Bassam Yusuf Alghanim, Chairman and Managing Director of Gulf Bank. “The Banker Middle East award is testament to our success in building a world-class retail bank that offers superior customer service.

“With seven consecutive years of record growth and profitability, Gulf Bank is one of the region’s fastest growing commercial banks. We are a market leader in product and service innovation and we are rapidly building a reputation as Kuwait’s preferred local bank. More and more customers are casting their vote by switching their accounts to Gulf Bank”, added Gulf Bank’s Chief General Manager & CEO, Mr. Louis J. Myers.

Last month, Gulf Bank was named Best Bank in Kuwait in 2007 by Global Finance, the world’s most influential finance publication. Gulf Bank was selected on the basis of its profitability, customer service, asset growth, competitive pricing and product innovation.

“It has been a stellar year for major award wins by Gulf Bank,” Mr. Alghanim concluded. “It’s satisfying to see the industry’s experts agree that our customer-focused strategy has delivered consistently outstanding results. Our strong commitment to customer service remains a unique point of difference in Kuwait’s competitive banking sector.”
About Gulf Bank
Gulf Bank is Kuwait’s second largest and fastest growing commercial bank.  Established in 1960, Gulf Bank has since progressed to becoming an industry-leading financial services provider complemented by a large network of 38 branches strategically positioned in key locations in Kuwait for the banking convenience of customers.
Gulf Bank has been awarded ‘Best Bank in Kuwait’ by Global Finance in 2007 and ‘Best Retail Bank in the Middle East’ in 2005 and 2006 by Banker Middle East. Gulf Bank routinely surpasses its competition by focusing on one simple strategy: delivering superior customer satisfaction. The Bank has consistently delivered strong financial results in a highly competitive market environment reflecting its focused and effective business strategies.
Gulf Bank continues to grow and evolve its leadership position within the Kuwait banking community as a result of its innovative Transformation and Actualization Strategies that have been the driving force behind its management, operations and remarkable success since 1999.


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