16 Hrs
Source:
كويت نيوز
Gulf Bank Reports H1 2026 Results
During the investor conference held in August 2026, Gulf Bank provided an assessment of its financial performance for the first half of the year, amidst an operational environment characterized by geopolitical tensions and increased regional uncertainty. Despite these challenges, Kuwait maintained a strong financial position and an excellent credit rating, reinforcing confidence in its financial resilience. The bank achieved growth in profitability and its loan portfolio while maintaining asset quality, with the loan book increasing by 7.6% in the first half, primarily driven by growth in the corporate banking sector. The net interest margin rose as a result of lower funding costs and higher returns, while the cost of risk stood at 16 basis points, reflecting a significant improvement in risk management. The bank continued implementing its transformation plans to become an Islamic bank, making tangible progress in regulatory and supervisory measures, alongside the potential merger project with Bank Warka.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)