Gulf Bank of Kuwait

Gulf Bank
Type	Public
Industry	Banking
Founded	1960; 64 years ago
Headquarters	Kuwait City, Kuwait

Gulf Bank is one of the banks in Kuwait with a broad offering of consumer banking, wholesale banking, treasury, and financial services. The Bank was founded in 1960, registered as a bank with the Central Bank of Kuwait and was listed as Gulf Bank (GBK) on the Kuwait Stock Exchange (Boursa Kuwait) in 1984.

Gulf Bank has a large network of 58 branches, with total assets of KD 6 billion (US$19.8 billion) for year ended 31 December 2018.^{[citation needed]}

History

Gulf Bank was founded in 1960, and commenced business operations in a rented flat on Fahad Al-Salem Street in Kuwait City with a total of 50 employees and a capital of 24 million rupees, equivalent to KD 1.8 million (US$6 million). The Bank received permission from the Kuwait municipality in 1961, to construct its headquarters and was initially granted permission to build up to four floors and an optional basement. Over the years, additional floors were constructed in the headquarters, but care was taken to maintain the original architecture and design of the building whereby maintaining its historic look and keeping to its early roots.^{[citation needed]}