Gulf Bank is one of the banks in Kuwait with a broad offering of consumer banking, wholesale banking, treasury, and financial services. It was founded in 1960, registered with the Central Bank of Kuwait and listed as Gulf Bank (GBK) on the Kuwait Stock Exchange (Boursa Kuwait) in 1984. Gulf Bank is one of the leading conventional banks in Kuwait with KD 7.2 billion in total assets as of 31 December 2023 and provides a wide range of services including consumer banking, wholesale banking, treasury, and financial services through its network of over 50 branches and over 300 ATMs in Kuwait.
History
Gulf Bank was founded in 1960[1], and commenced business operations in a rented flat on Fahad Al-Salem Street in Kuwait City with a total of 50 employees and a capital of 24 million rupees, equivalent to KD 1.8 million (US$6 million). The Bank received permission from the Kuwait municipality in 1961, to construct its headquarters and was initially granted permission to build up to four floors and an optional basement. Over the years, additional floors were constructed in the headquarters, but care was taken to maintain the original architecture and design of the building whereby maintaining its historic look and keeping to its early roots.[2] The headquarter building was recognized as a Kuwaiti landmark.[3]