Gulf Bank KSCP 2023 Annual Report with Sustainability Disclosures
The report highlights Gulf Bank's financial and strategic achievements for the fiscal year 2023, showcasing a 15% increase in net profit to KD 71.2 million. The bank made significant progress in its digital transformation journey, successfully implementing phase I of its new core banking system and launching a redesigned mobile application. Additionally, Gulf Bank established InvestGB, a wholly owned investment subsidiary, to expand its asset and wealth management services. The report also outlines the bank's commitment to sustainability through its ESG 2030 Strategy, focusing on accountable governance, an equitable workplace, community engagement, and responsible banking.
Company: Gulf Bank KSCP
Sector: Finance & insurance
Country: Kuwait
Year: 2023
Type: Annual Report with Sustainability Disclosures
Pages: 185
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Gulf Bank KSCP
Annual Report
The report highlights Gulf Bank's financial and strategic achievements for the fiscal year 2023, showcasing a 15% increase in net profit to KD 71.2 million. The bank made significant progress in its digital transformation journey, successfully implementing phase I of its new core banking system and launching a redesigned mobile application. Additionally, Gulf Bank established InvestGB, a wholly owned investment subsidiary, to expand its asset and wealth management services. The report also outlines the bank's commitment to sustainability through its ESG 2030 Strategy, focusing on accountable governance, an equitable workplace, community engagement, and responsible banking.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Feb 12, 2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees