Gulf Bank reports net profit of USD 211.6 million for first half of 2008

• Retail network expanded to 44 branches • Enhancement of SMS and ATM deposit facilities • Improved credit card benefits • Increased commitment to CSR community initiatives Kuwait, 20th July, 2008: has announced a net profit of USD 211.6million for the first half of 2008. The results were announced by Chairman & Managing Director, Mr. Bassam Y. Alghanim, who said the bank continued to grow and increase its customer base across all its business divisions during a challenging period for the sector in Kuwait. The results for the first six months of the year showed an operating profit of USD291.7million and earnings per share of 17.2 cents. Mr. Alghanim said: “Given the events of the last year affecting the financial markets here and abroad, and after adjusting for non-recurring items, we are satisfied with our operating... [read full story]