Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


March 27, 2015 8:53 AM ET

Capital Markets

Company Overview of Gulf International Bank B.S.C.

Company Overview

Gulf International Bank B.S.C., through its subsidiaries, provides wholesale commercial, asset management, and investment banking services worldwide. The company operates through Wholesale Banking, Treasury, and Financial Markets segments. It offers project and structured finance services for corporate and institutional customers in various sectors, including oil and gas, LNG, petrochemicals, power and water, infrastructure, and telecom and technology-based projects, as well as asset-based financing for aircraft, ships, and offshore vessels and rigs; and underwrites and arranges limited-recourse term financing with a range of debt finance products, such as syndicated debt finance, Islamic fi...

Al-Dowali Building

3 Palace Avenue

PO Box 1017

Manama,  

Bahrain

Founded in 1975

930 Employees

Phone:

973 17 534 000

Fax:

973 17 522 633

Key Executives for Gulf International Bank B.S.C.

Chief Executive Officer
Age: 61
Chief Financial Officer, Managing Director, Chairman of Assets & Liabilities Committee, Member of Group Risk Committee, Member of Enjaz 2015 Steering Committee and Member of Operational Risk Committee
Head of Operations
Chief Executive Officer of Gibuk and Managing Director of Gibuk
Chief Investment & Treasury Officer, Executive Vice President, Member of Assets & Liabilities Committee, Member of Provisioning Committee, Member of Steering Committee and Member of Enjaz 2015 Steering Committee
Compensation as of Fiscal Year 2014.

Gulf International Bank B.S.C. Key Developments

Gulf International Bank Announces Earnings Results for Fourth Quarter and Full Year 2014

Gulf International Bank announced earnings results for fourth quarter and full year 2014. For the quarter, net income was USD 12.9 million compared to USD 20 million year-on-year. Total income at USD 257.6 million was USD 20.7 million, which is 7% lower than 2013. Net interest income was USD 5.1 million or 3% down when compared to 2013. For the year, the company logged a USD 85.6 million net income compared to USD 121.5 million in 2013. Due to a USD 1 3.3 million year-on-year increase in operating expenses, net income was USD 14.7 million lower in 2014 than in 2013.

Gulf International Bank Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2014

Gulf International Bank reported consolidated earnings results for the nine months ended September 30, 2014. For the period, the company reported net income after tax of $72.7 million compared with $101.5 million in the prior year period. Excluding these exceptional income items, net income was $7.9 million lower than the prior year period due to a $16.1 million year-on-year increase in operating expenses. Net income after tax in the third quarter was $22.5 million, 7% up on the second quarter. Total income at $200.7 million was $10.5 million or 5% lower than the prior year. Excluding the exceptional income referred to above, total income was $10.4 million up on the prior year with a notable 10% year-on-year increase in the strategically important fee and commission income, reflecting success in the cross-sell of non-asset based products and services to the bank's customers. Net interest income at $117 million for the nine months was $2.7 million down on the prior year period. The year-on-year decrease was principally attributable to higher costs associated with balance sheet management initiatives that form part of an on-going programme to minimise the mismatch between the maturities of assets and liabilities.

Gulf International Bank B.S.C. (GIB) Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Gulf International Bank B.S.C. (GIB) reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the period, the company reported net income after tax of $50.2 million compared to $60.6 million in the prior year period. Total income was $134.4 million was $4.8 million or 4% up on the prior year with year-on-year increases recorded in all income categories with the exception of foreign exchange income and trading income. Net interest income at $76.6 million for the six months was $0.4 million up on the prior year period. The year-on-year increase in net interest income principally reflected further increases in both loan volumes and loan margins as the Bank successfully reorientates its lending activities from transactional-based long term project and structured finance to relationship-based large and mid-cap corporates. The resultant increase in net interest income was partially offset by lower interest received from impaired loans, which were exceptionally high in 2013, and higher costs associated with balance sheet management initiatives. Trading income at $2.4 million compared to a $7.7 million profit in the prior year period. However, the prior year profit included an exceptional $5.9 million fair value gain on a fund investment arising on the fund's recovery of a previously written off investment. For the second quarter, net income after tax was $21.1 million.

Similar Private Companies By Industry

Company Name Region
TAIB Bank B.S.C. (c) Middle East/Africa
TAIB Securities W.L.L., Research Division Middle East/Africa
Securities and Investment Company BSC(c) Middle East/Africa
Financial Assets Mena W.L.L. Middle East/Africa
Investors Bank B.S.C. (C) Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Gulf International Bank B.S.C., please visit www.gib.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.