Gulf Bank Increases Opportunities for Kuwaiti Companies

Published May 31st, 2009 - 12:37 GMT

Gulf Bank Increases Opportunities for Kuwaiti Companies
Gulf Bank takes steps to support Government initiative

Gulf Bank recently initiated preparations to provide additional corporate financing to the market up to a total sum of nearly KD 300 million available.  

This move comes after, and in support of, the financial stability law in 2009.  The new law has been brought in to assist Kuwait’s economy overcome the effects of the global financial crisis.

With this objective Gulf Bank aims to play its part in kick starting an economic revival in Kuwait and is actively looking for opportunities to assist productive corporations and companies as they invest for the future.  Gulf Bank has historically been a leader in supporting the credit needs of Kuwaiti business.

Gulf Bank Chairman, Mr. Ali Al-Rashaid Al-Bader commented: “We support the government’s action in bringing in this law and look forward to helping Kuwait return to maximum prosperity through our support of individual companies and its development plans.”

Gulf Bank’s positive performance in the first quarter of this year demonstrates that the Bank is now positioned for continued future success. The Bank is committed to maximizing shareholders’ returns and to provide our customers with world-class standards in customer satisfaction, product innovation and competitive value.

About Gulf Bank
Gulf Bank was established in 1960 and has since progressed to becoming an industry-leading financial services provider complemented by a large network of 47 branches strategically positioned in key locations throughout Kuwait.  The main groups of the Bank are Retail, Corporate and International Banking.

 


The quality and commitment of the Gulf Bank team has received international recognition winning a number of awards from leading international financial magazines including ‘Best Retail Bank” from the Banker Middle East for four consecutive years.

Gulf Bank has also been internationally recognized as a leading Kuwaiti employer and holds the Localization Award from the GCC Council of Ministers for Social Affairs and Labour for four consecutive years

 


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