gulf bank posts kuwaiti dinar 156m net profit
Friday 25 July 2025
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Gulf bank posts Kuwaiti dinar 15.6m net Profit

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Gulf bank posts Kuwaiti dinar 15.6m net Profit

Gulf bank
Kuwait - KUNA

Gulf Bank announced net profits of KD 15.6 million for the first half of 2014, up 9.5% from KD 14.3 million over the same period in 2013.
Operating profits before provisions were KD 53.7 million against KD 53.5 million for the same period last year, a bank statement said.
The Bank has continued its strategy to build a fortress balance sheet, increasing precautionary general provisions to KD 173 million, and by reducing the non-performing loans ratio to 5.1%. The Bank has increased the total coverage ratio of non-performing loans to over 225%.
Gulf Bank's progress has been recognized by international credit rating agency Moody's, who have upgraded Gulf Bank's rating to Baa1 from Baa2 and the Standalone Financial Strength rating to D from D- while maintaining the Positive Outlook. In addition, Standard & Poor's (S&P) have also recently affirmed the Bank's long-term credit rating at BBB+ with a positive outlook. Both rating agencies affirmed the Bank's asset quality, capitalization, noting its solid revenue generating capacity, and sound risk management systems and practices.
"We have also been awarded the "Best Domestic Retail Bank" and "Best Human Resources Development" awards for 2014 from Banker Middle East, which affirm our growing reputation for excellent customer service and talent development," Gulf Bank's CEO Cesar Gonzalez-Bueno.
He added "we are aware that we must continually seek to exceed customers' expectations, in terms of innovation and uniquely designed financial products and services, as well as continuing our investment in our Learning and Development department for the benefit of the Bank and its staff." "Gulf Bank would not have received these awards were it not for the dedication of the whole Gulf Bank team. Gulf Bank will continue to focus on customer-centricity and financial discipline," Gonzalez-Bueno concluded.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gulf bank posts kuwaiti dinar 156m net profit gulf bank posts kuwaiti dinar 156m net profit

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gulf bank posts kuwaiti dinar 156m net profit gulf bank posts kuwaiti dinar 156m net profit

 



GMT 10:18 2018 Thursday ,30 August

Iran incapable of closing Hormuz, Bab Al Mandeb

GMT 10:46 2012 Thursday ,16 February

BMW i8 The Best of the 2012 Detroit Auto Show

GMT 15:48 2018 Sunday ,21 January

Iraqi, Kurdish PMs try to resolve bitter dispute

GMT 06:15 2018 Tuesday ,09 January

Hollywood stars declare war on sexual misconduct

GMT 00:09 2017 Sunday ,29 January

Egypt working for Libya political solution, says FM

GMT 06:03 2017 Wednesday ,01 March

Saudi Aramco, Malaysian Petronas sign historic deal

GMT 13:55 2012 Sunday ,15 January

Youngest Microsoft professional dies

GMT 10:54 2016 Monday ,14 November

US elections have heightened uncertainty

GMT 10:49 2017 Wednesday ,20 September

Nabila describes mother’s death as the worst in life

GMT 00:24 2017 Saturday ,23 September

Gulf Air launches daily flights to Istanbul

GMT 14:50 2011 Friday ,24 June

Nelly Maqdasi sings for Arabs
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice