Wednesday 29 July 2015
 
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GIB

GIB H1 posts $47m profit

Gulf International Bank (GIB) reported a consolidated net income after tax of $47.3 million for the six months ended June 30, 2015, compared to $50.2 million in the prior year period. Prior year income included an exceptional, one

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Alba names financial advisors for Line 6

Aluminium Bahrain (Alba), one of the leading aluminium smelters in the world, has appointed JP Morgan, Gulf International Bank (GIB) and National Bank of Bahrain (NBB) as the financial advisors for its Line 6 expansion project. Al

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GIB unit fund appoints Barclays for brokerage services

GIB Emerging Markets Opportunities Fund, the flagship hedge fund of GIB (UK), has appointed Barclays Bank to provide additional prime brokerage services to the fund. GIB UK is a subsidiary of Bahrain-based Gulf International Bank

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Aljazira names advisers for $800m rights issue

Saudi Arabia's Bank Aljazira has appointed the investment banking arms of Gulf International Bank and Riyad Bank to advise it on a SR3 billion ($800 million) rights issue. The price and number of shares to

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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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