Thursday 23 October 2014
 
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Gulf Bank

Gulf Bank Q3 net profit up 11.2pc

Kuwait's Gulf Bank, the Gulf state's fourth-largest lender by assets, reported a 11.2 per cent rise in third-quarter net profit on Sunday, according to Reuters calculations. The bank made a net profit for the three months

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Gulf Bank profit up 9pc

Kuwait's Gulf Bank, the country's fourth-largest lender by assets, reported a 9 percent increase in second-quarter net profit on Tuesday. Net profit for the three months to the end of June was 6.87 million dinars ($24.4 mi

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Al Ahli Bank names former Gulf Bank head CEO

Michel Accad has been appointed chief executive of Kuwait's Al Ahli Bank, a stock market statement said on Thursday, the latest in a series of senior management changes at Kuwaiti lenders. Accad joins Ahli, a medium-sized lender, fr

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Gulf Bank posts 10pc rise in profit

Kuwait's Gulf Bank missed analyst estimates despite reporting a 10 percent increase in first-quarter net profit on Monday. The country's fourth-largest lender by assets said net profit for the three months to the end of Ma

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Gulf Bank Q3 net profit up 2.4pc

Kuwait's Gulf Bank posted a 2.4 per cent rise in net profit in the third quarter, Reuters calculations showed on Thursday. Net profit in the three months to the end of September was KD9.86 million ($35 million) compared to KD9

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Gulf Bank CEO Accad resigns

Michel Accad, the chief executive of Kuwait's Gulf Bank, has resigned from his post for personal reasons, the lender said in a bourse statement on Sunday. Accad's resignation will be effective on January 2, 2014 and a repl

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Gulf Bank posts 17pc rise in Q2 net profit

Gulf Bank, Kuwait's fourth-largest lender, reported a 17 per cent rise in second-quarter net profit, a stock exchange filing on Tuesday showed. Net profit was 6.3 million Kuwaiti dinars ($22.1 million) for the three months to

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URC picks Gulf Bank for 5-year bond

United Real Estate Company (URC), a leading property development firm in the Middle East, has named Kuwait-based Gulf Bank as the joint lead manager for its five-year KD60 million ($210.5 million) bond issue. The bond has been rated BBB

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URC picks Gulf Bank for 5-year bond

United Real Estate Company (URC), a leading property development firm in the Middle East, has named Kuwait-based Gulf Bank as the joint lead manager for its five-year KD60 million ($210.5 million) bond issue. The bond has been rated BBB

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Gulf Bank gets Fitch stable outlook

Fitch Ratings has affirmed Kuwait-based Gulf Bank's long-term issuer default rating (IDR) at 'A+' with a stable outlook. The viability rating too has been upgraded to 'bb-' from 'b+'. In its comments, t

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