Gulf Bank KSCP 2024 AR2
The report highlights Gulf Bank's financial and strategic performance for the fiscal year 2024. The bank recorded a net profit of KD 60.2 million, with total assets growing by 4.3% to reach KD 7.5 billion. Key milestones included the launch of its new investment arm, InvestGB, and the completion of Phase II of its core banking system transformation. Additionally, Gulf Bank advanced its sustainability agenda by launching its 2030 ESG Sustainability Strategy and establishing a Sustainable Finance Framework.
Company: Gulf Bank KSCP
Sector: Financials
Country: Kuwait
Year: 2024
Type: AR2
Pages: 181
Gulf Bank KSCP
Annual Report
The report highlights Gulf Bank's financial and strategic performance for the fiscal year 2024. The bank recorded a net profit of KD 60.2 million, with total assets growing by 4.3% to reach KD 7.5 billion. Key milestones included the launch of its new investment arm, InvestGB, and the completion of Phase II of its core banking system transformation. Additionally, Gulf Bank advanced its sustainability agenda by launching its 2030 ESG Sustainability Strategy and establishing a Sustainable Finance Framework.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees