Business
PRESSR: Gulf Bank holds its third quarter 2025 Earnings Webcast
PRESSR: Gulf Bank holds its third quarter 2025 Earnings Webcast
About this update from Gulf Bank K.s.c.
Sami Mahfouz:Gulf Bank’s results over the first nine months of the year reflect the resilience of our business model, the strength of our franchise, and the prudence of our credit risk management.Gulf Bank continues to advance its strategic transformation toward becoming a fully Sharia-compliant institution.David Challinor:The NPL ratio remains very low at 1.4%, and we continue to have significant total coverage including collaterals of 324%.There was a strong performance in fee income, which is a strategic area for the Bank. Gulf Bank held its third quarter 2025 earnings webcast on Wednesday 29th October 2025, to present and discuss the Bank's financial performance. The webcast was organized by EFG Hermes and presented by Sami Mahfouz, Acting Chief Executive Officer of Gulf Bank, and Mr. David Challinor, Chief Financial Officer of Gulf Bank. The discussion was moderated by Ms. Dalal AlDousari, Head of Investor Relations at Gulf Bank.Operating EnvironmentMr. Sami Mahfouz, Acting Chief Executive Officer of Gulf Bank, commenced the webcast with key updates regarding Gulf Bank’s operating environment during the third quarter of 2024. Mahfouz stated: “Gulf Bank’s performance over the first nine months of the year demonstrates continued progress in strengthening the Bank’s financial position. This was driven by steady loan growth, stable asset quality, and a robust capital base. These results reflect the resilience of our business model, the strength of our franchise, and the prudence of our credit risk management.”Mr. Mahfouz added “The broader operating environment in Kuwait is gradually becoming more favorable. The Central Bank of Kuwait’s recent decision to lower the discount rate to 3.75%, in line with the Federal Reserve’s recent 25-basis-point interest rate cut, is expected to foster a more supportive climate for credit expansion and stimulate business activity. Furthermore, Kuwait’s successful return to debt markets both locally with regular issuances and globally with an issuance of a US $11.25 billion sovereign bond which has been met with a very strong investor demand and priced at one of the lowest spreads recorded for an emerging market sovereign issuance.”He added: “Gulf Bank continues to advance its strategic transformation toward becoming a fully Sharia-compliant institution. Following the most recent Central Bank of Kuwait’s preliminary approv...