The Bank's short term credit rating has also been maintained at 'A-2', with best quality grade, indicating strong capacity of obligor to meet its financial commitment.
Standard & Poor's rating report reflects the success of Gulf Bank's disciplined growing business strategy across all its groups: retail, corporate, international and investment banking.
The report highlights the Bank's strong financial performance, solid market position, superior asset quality and its adequate capitalization.
Standard & Poor's rating reinforces the Bank's position as one of the highest rated banks in the region.
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Standard & Poor's maintains 'A-' rating for Gulf Bank
- Kuwait: Monday, August 11 - 2008 at 12:38
- PRESS RELEASE
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Leading international credit rating agency Standard & Poor's has maintained Gulf Bank's long term credit rating at 'A-' with a 'stable' outlook.
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Posted by Siba Sami AmmariMonday, August 11 - 2008 at 12:38 UAE local time (GMT+4)
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