GIB wins ‘Safest Bank in Bahrain’ award
MANAMA, November 17, 2015
Gulf International Bank (GIB) has been named the ‘Safest Bank in Bahrain’ for the second year in a row by New York-based Global Finance magazine.
The winners were recognised at an awards ceremony recently during the International Monetary Fund and World Bank Group meetings in Lima, Peru.
GIB had total assets of $21.3 billion at the end of last year. GIB’s shareholder base includes Saudi Arabia’s Public Investment Fund, which holds a majority stake of 97.2 per cent.
Dr Yahya Alyahya, chief executive officer, said: “Since the establishment of the bank in 1975, we have worked for over four decades to evolve the bank’s capabilities, and deliver sustained returns. This award is evidence of GIB’s strength in challenging and changeable global markets”
GIB is owned by the six Gulf Cooperation Council countries. Saudi Arabia’s Public Investment Fund being the major shareholder. - TradeArabia News Service
