Gulf International Bank (GIB) was established in 1976 during the first oil boom and is incorporated in the Kingdom of Bahrain as a conventional wholesale bank. It is licensed by the

Central Bank of Bahrain The Central Bank of Bahrain (CBB) is the central bank of Bahrain. It is a public corporate entity established by the ''Central Bank of Bahrain and Financial Institutions Law 2006.'' It was created on 6 September 2006. ''Decree No. 64 of 2006 with ...

and is headquartered in

Manama Manama ( ar, المنامة ', Bahrani pronunciation: ) is the capital and largest city of Bahrain, with an approximate population of 200,000 people as of 2020. Long an important trading center in the Persian Gulf, Manama is home to a very di ...

Bahrain Bahrain ( ; ; ar, البحرين, al-Bahrayn, locally ), officially the Kingdom of Bahrain, ' is an island country in Western Asia. It is situated on the Persian Gulf, and comprises a small archipelago made up of 50 natural islands and an ...

. Gulf International Bank, through its subsidiaries, provides its services in the

Gulf Cooperation Council The Cooperation Council for the Arab States of the Gulf ( ar, مجلس التعاون لدول العربية الخليج ), also known as the Gulf Cooperation Council (GCC; ar, مجلس التعاون الخليجي), is a regional, interg ...

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. 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. Our funding profile continues to strengthen, with growing access to stable and less costly funding through meem

digital banking Digital banking is part of the broader context for the move to online banking, where banking services are delivered over the internet. The shift from traditional to digital banking has been gradual and remains ongoing, and is constituted by diffe ...

, and the global transaction banking business. Customer deposits increased 16 per cent to US$21.2 billion, constituting 96 per cent 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 per cent compared to the Central Bank of Bahrain’s mandated regulatory minimum of 100 per cent. 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. https://www.gib.com/sites/default/files/gib_annual_report_2019_e_0.pdf

Operations, subsidiaries and shareholders

Gulf International Bank B.S.C. (GIB) is a pan GCC universal bank established in 1975 and regulated by the Central Bank of Bahrain. GIB offers a diverse range of financial products and services and bespoke banking solutions to a wide customer base in the GCC, Europe and North America. This includes corporate banking, the world’s first Shariah compliant digital retail banking service, meem, as well as investment banking spanning asset management, bond and 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 its subsidiaries: GIB Saudi Arabia, GIB Capital and GIB (UK) Ltd. Additionally, the Bank has branches in the UAE and USA. GIB Saudi Arabia is the first foreign domiciled bank to establish a local commercial bank in the Kingdom. It is headquartered in Eastern Province and operates branches in Riyadh, Jeddah and Dhahran, while the Bank’s investment banking activities are delivered by GIB Capital, based in Riyadh. GIB (UK) Ltd is a London and New York based international asset management subsidiary. GIB is owned by the governments of the Gulf Cooperation Council countries, with Saudi Arabia’s Public Investment Fund being the primary shareholder. https://www.gib.com/sites/default/files/gib_annual_report_2019_e_0.pdf 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. The bank also has branches in London, New York, Abu Dhabi, Dhahran, Riyadh and Jeddah with a representative office in Dubai. In 2017 GIB licensed to become a local bank in Saudi Arabia.

Board of Directors

* Dr. Abdullah bin Hassan Alabdulgader – Chairman of the board * Mr. Abdulla bin Mohammed Al Zamil – Vice Chairman https://www.gib.com/sites/default/files/gib_annual_report_2019_e_0.pdf * Mr. Abdulaziz bin Abdulrahman Al-Helaissi – Director, Group Chief Executive Officer, Gulf International Bank Chairman, Gulf International Bank (UK) Limited https://www.gib.com/sites/default/files/gib_annual_report_2019_e_0.pdf * Mr. Sultan bin Abdul Malek Al-Sheikh – Director https://www.gib.com/sites/default/files/gib_annual_report_2019_e_0.pdf * Mr. Bander bin Abdulrahman bin Mogren — Director https://www.gib.com/sites/default/files/gib_annual_report_2019_e_0.pdf * Dr. Najem bin Abdulla Al Zaid — Director https://www.gib.com/sites/default/files/gib_annual_report_2019_e_0.pdf * Mr. Rajeev Kakar — Director https://www.gib.com/sites/default/files/gib_annual_report_2019_e_0.pdf * Mr. Frank Schwab — Director https://www.gib.com/sites/default/files/gib_annual_report_2019_e_0.pdf

References

{{DEFAULTSORT:Gulf International Bank 1975 establishments in Bahrain Banks established in 1975 Banks of Bahrain Banks of Saudi Arabia