Tuesday 27 January 2015
 
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GIB

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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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 picks banks for possible dollar bond

  Gulf International Bank (GIB), majority owned by the Saudi Arabian government, has picked six banks to arrange investor meetings ahead of a potential benchmark-sized, dollar-denominated bond, lead arrangers said on Tuesday.

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Top agency reaffirms GIB currency ratings

Bahrain-based Gulf International Bank's (GIB) long-term and short-term foreign currency ratings have been reaffirmed by Capital Intelligence at A and A1 respectively, while the bank's financial strength rating is also maintained at BBB+. A

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