Business
ZAWYA-PRESSR: Gulf Bank reports a net profit of KD 52.4mln for the full year 2025
ZAWYA-PRESSR: Gulf Bank reports a net profit of KD 52.4mln for the full year 2025
About this update from Gulf Bank K.s.c.
Ahmad Mohammad Al-Bahar:Gulf Bank continued to strengthen its position in Kuwait’s banking sector, underpinned by a competitive business model and robust governance.Kuwait’s economic landscape showed signs of improvement, supported by fiscal reforms and renewed development activity.Our financial performance reflects our balanced approach to meaningful growth, while maintaining a high-quality loan portfolio.Gulf Bank marks its 65th anniversary with a clear focus on the future, guided by institutional maturity and a strong foundation.Sami Mahfouz:During the year, Gulf Bank maintained a strong financial position, driven by robust balance sheet growth and the advancement of key operational initiatives.Gulf Bank’s newly launched 2030 strategy provides a roadmap to Sharia-compliant conversion and acceleration of business growth.We advanced our operational readiness to support the planned transition to Islamic Banking, including systems, governance, and people capabilities.The strong credit ratings in 2025 reflected Gulf Bank’s financial strength and its competitive position in the banking sectorKuwait City – Gulf Bank K.S.C.P. (“Bank”) announced its financial results for the full year ending 31 December 2025. The Bank reported a net profit of KD 52.4 million for the full year 2025, with an earning per share of 13 fils for the year, compared to a net profit of KD 60.2 million and earnings per share of 15 fils for the same period in 2024.Accordingly, the Bank’s Board of Directors is recommending a cash dividend distribution of 9 fils per share, representing a 68% cash payout ratio in addition to a 5% bonus share distribution, all of which are subject to shareholder approval at the Annual General Meeting scheduled for March 2026.Furthermore, Gulf Bank recorded an operating income of KD 188.9 million for the full year 2025, marking a decrease of 5.2% compared to the previous year. Operating profit before total provisions and impairments reached KD 94.6 million, reflecting a decline of 11.4% compared to 2024.The decline in net profit for the full year 2025 is attributed to the decline in net interest income of KD 10.2 million or 6.5%, coupled with a slight increase in operating expenses of KD 1.7 million or 1.8%, compared to the same period of 2024. However, these declines were partially offset by the improvement in total provisions and impairments, which declined b...