Kuwait: Fitch Ratings has affirmed Gulf Bank’s Long-Term Issuer Default Rating (IDR) at ‘A’ with a Stable Outlook. Fitch has also affirmed the Bank’s Viability Rating (VR) at ‘bbb-’.
According to the recently published Fitch Ratings commentary, Fitch stated that: “Gulf Bank’s IDRs reflect potential support from the Kuwaiti authorities, as reflected in its Government Support Rating (GSR) of ‘a’. The Stable Outlook on Gulf Bank’s Long-Term IDR reflects that on the Kuwaiti sovereign rating.” Fitch also added in their commentary: “Gulf Bank’s Viability Rating reflects the Bank’s good domestic franchise, cautious risk approach, sound loan quality and capitalization, and stable funding.”
Fitch further noted: “Gulf Bank had a good market share of 6.1% of consolidated bank assets at the end of the third quarter of 2025, supported by a good brand.” In addition, Fitch highlighted the Bank’s stable operating environment, low Stage 3 loan ratios, high levels of provisioning, sound capitalization, and stable funding profile.
Commenting on Fitch’s credit rating announcement, Ms.Dalal Al-Dousari, Deputy General Manager of Investor Relations at Gulf Bank, said: “We are pleased with Fitch’s affirmation of our Long-Term Issuer Default Rating at ‘A’ with a Stable Outlook. This affirmation reflects Gulf Bank’s strong domestic franchise, cautious risk approach, and the resilience of our asset quality and capitalization.”
Gulf Bank continues to be well recognized internationally for its creditworthiness and financial strength, with “A” ratings from all three major credit rating agencies. In addition to Fitch Ratings’ affirmation of Gulf Bank’s Long-Term IDR at ‘A’ with a Stable Outlook, the Bank holds a Long-Term Foreign Currency Rating of ‘A+’ with a ‘Stable’ Outlook from Capital Intelligence Ratings and a Long-Term Deposits Rating of ‘A3’ with a ‘Stable’ Outlook from Moody’s Investors Service.
Send us your press releases to pressrelease.zawya@lseg.comDisclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.