| Gulf International Bank B.S.C. (GIB) | |
| Native Name: | بنك الخليج الدولي |
| Native Name Lang: | ar |
| Location: | Manama, Bahrain |
| Key People: | (Chairman) |
| Industry: | Banking |
| Products: | International Wholesale Commercial Banking Universal Banking Corporate Finance Islamic Banking Treasury Asset Management Retail Banking |
| Revenue: | US$ 1,414.5 Million (H1-2024) |
| Net Income: | US$ 106.3 Million (H1-2024) |
| Assets: | US$ 45.704 Billion (QII-2024) |
| Homepage: | www.gib.com |
Gulf International Bank (GIB) (ar|بنك الخليج الدولي) was established in 1976 during the first oil boom and is incorporated in the Kingdom of Bahrain as a conventional wholesale bank.[1] It is licensed by the Central Bank of Bahrain and is headquartered in Manama in Bahrain.[2]
Gulf International Bank, through its subsidiaries, provides its services in the Gulf Cooperation Council countries and internationally. The company offers structured financing and advisory services for corporate and institutional customers in various sectors, including oil and gas, LNG, petrochemicals, power and water, infrastructure, telecom and technology-based projects, and aircraft and ships; and underwrites and arranges limited-recourse term financing with a range of debt finance products, such as syndicated debt finance, Islamic finance, export credit, and capital markets.[3] It also provides a range of financial advisory services. In addition, the company offers asset and fund management services to the Middle East semi-governmental institutions and European financial institutions.[3]
Our funding profile continues to strengthen, with growing access to stable and less costly funding through meem digital banking, and the global transaction banking business. Customer deposits increased 16 percent to US$21.2 billion, constituting 96 percent of total deposits, and exceeding loans and advances by more than 2 times. At the end of 2019, the Group’s Net Stable Funding Ratio (NSFR) stood at a particularly high 163 percent compared to the Central Bank of Bahrain’s mandated regulatory minimum of 100 percent. This strong ratio reflected the high level of stable funding maintained by each entity within the GIB Group. Stable funding was enhanced by senior term finance of US$3.5 billion at the 2019-year end.[4]
Gulf International Bank B.S.C. (GIB) is a pan GCC universal bank established in1975 and regulated by the Central Bank of Bahrain.GIB offers financial products and services and banking to a wide customer base in the GCC, Europe and North America. Thisincludes corporate banking, the world’s first Shariah compliant digital retail bankingservice, meem, as well as investment banking spanning asset management, bondand sukuk issuance, financial restructuring, private placements, private sale, IPOs,underwriting equity and debt, and mergers and acquisitions.GIB’s services are delivered across the GCC and international markets through itssubsidiaries: GIB Saudi Arabia, GIB Capital and GIB (UK) Ltd. Additionally, the Bankhas branches in the UAE and USA.GIB Saudi Arabia is the first foreign domiciled bank to establish a local commercialbank in the Kingdom. It is headquartered in Eastern Province and operatesbranches in Riyadh, Jeddah and Dhahran, while the Bank’s investment bankingactivities are delivered by GIB Capital, based in Riyadh.GIB (UK) Ltd is a London and New York-based international asset managementsubsidiary.GIB is owned by the governments of the Gulf Cooperation Council countries, withSaudi Arabia’s Public Investment Fund being the primary shareholder.
GIB’s main subsidiary is its UK branch, Gulf International Bank (UK) Ltd, which is based in Knightsbridge, London. The Saudi International Bank merged into this UK branch in 2000.[5] The bank also has branches in London, New York, Abu Dhabi, Dhahran, Riyadh and Jeddah with a representative office in Dubai.[6]
In 2017 GIB licensed to become a local bank in Saudi Arabia.[7]
Gulf International BankChairman, Gulf International Bank (UK) Limited