Monday 22 September 2014
 
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Gulf International Bank

GIB launches new retail banking services in Saudi

Bahrain-based Gulf International Bank (GIB) has launched the trial phase of its retail banking services in Saudi Arabia under the brand name, ‘meem.’ The bank aims to provide services to the retail banking sector using

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GIB raises $533m with bond issue

Bahrain-based Gulf International Bank (GIB) has announced the successful completion of a senior unsecured two billion Saudi riyal ($533 million) five-year floating rate notes issuance. The notes were issued at a spread of 72.5 bas

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GIB net income surges 9.8pc to $29m

Gulf International Bank (GIB) reported consolidated net income after tax of $29.1 million for the first quarter of this year, a 9.8 per cent increase over the same period last year. Total income at $67.1 million was $3 million or

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Fitch affirms stable rating for GIB

Fitch Ratings has affirmed Gulf International Bank's (GIB) long-term issuer default rating (IDR) at 'A' and the viability rating at 'bbb-'. The outlook on the long-term IDR is stable. GIB's ratings "re

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Gulf International Bank gets ratings upgrade

Standard & Poors (S&P) has upgraded Gulf International Bank's (GIB) stand-alone credit profile to 'BBB' from 'BBB-' and it's rating outlook to positive from stable, said a report. GIB is owned by th

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GIB planning major regional expansion

Bahrain-based Gulf International Bank (GIB), one of the longest established financial institutions in the kingdom, has unveiled plans to expand across the region by launching a retail banking network. The investment bank plans to

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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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GIB wins key currency ratings from agency

Bahrain-based Gulf International Bank's (GIB) long-term and short-term foreign currency ratings have been affirmed at 'A' and 'A1' respectively by Capital Intelligence (CI). The international credit rating agen

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GIB nets $26.5m income in Q1

Gulf International Bank (GIB) has reported consolidated net income of $26.5 million for the three months ended March 31 as against $31.8m in the prior year period. Total income at $64.1 million was $2.3 million or four per cent up on

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GIB gets stable outlook from Fitch

Fitch Ratings has affirmed Gulf International Bank's (GIB) long-term issuer default rating (IDR) at 'A' and viability rating (VR) at 'bbb-' and said its outlook on the long-term IDR was stable. The agency said

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