Saturday 28 March 2015
 
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GIB

Gulf International Bank reports $85.6m income

Bahrain-based Gulf International Bank (GIB) has reported consolidated net income of $85.6 million for the year ended December 31, as against $121.5 million in 2013. The bank said its income in 2013 included two exceptional, one-of

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GIB named 'safest bank' in Bahrain

Gulf International Bank (GIB) has been named the Safest Bank in Bahrain for 2014 by New York based Global Finance magazine. Banks were selected through an evaluation of long-term credit ratings from international ratings agencies,

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GIB appoints managing director, chief for UK unit

Bahrain-based Gulf International Bank (GIB) has appointed Mark Watts, as managing director and chief executive of Gulf International Bank UK (GIB UK). The appointment is part of GIB's committed focus on expanding its asset man

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GIB pioneers new retail bank concept in Saudi

Meem, Bahrain-based Gulf International Bank (GIB)'s first customer-designed sharia-compliant retail bank in Saudi Arabia, launched earlier this week, has its origin in the concept of ‘co-creation.’ The bank said it

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Fitch affirms GIB's long-term ratings

Fitch Ratings has affirmed Gulf International Bank's (GIB) long-term issuer default ratings (IDRs) at 'A' and the viability rating (VR) at 'bbb-'. The outlook for the long-term IDR is stable, said a report in

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GIB launches region's first online-only retail bank

Gulf International Bank (GIB) has launched the Middle East's first online-only consumer banking business, seeking to diversify after almost collapsing during the global financial crisis and to tap into a young, tech-savvy population.

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GIB’s net income drops to $72.7m

Gulf International Bank (GIB) has reported consolidated net income after tax of $72.7 million for the nine months ended September 30 this year, compared with $101.5 million in the prior year period. The prior year income included

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Gulf International bank income hits $50.2m

Gulf International Bank (GIB) has reported consolidated net income after tax of $50.2 million for the six months ended June 30 this year, compared with $60.6 million in the prior year period.

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GIB plans SR2bn note issue

Bahrain's Gulf International Bank plans to issue a 2 billion Saudi riyal ($545 million) floating rate notes with a lifespan of five years through a private placement in Saudi Arabia, a prospectus showed on Sunday. The bank man

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GIB net profit rises 4.5pc in H1, tops $60m

Bahrain-based Gulf International Bank (GIB) has reported consolidated net income after tax of $60.6 million for the first half of the year, marking an increase of 4.5 per cent on the previous year period. Net income after tax in t

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