Gulf BankGulf Bank becomes the region's most awarded retail bank in 2007

Kuwait - Gulf BankGulf Bank is proud to announce that it has won 'Best Retail Bank in Kuwait' in the 2007 Asian Banker Excellence in Retail Financial Services awards programme.

The Asian Banker Excellence in Retail Financial Services awards are Asia's most prestigious banking industry awards programme and are held in high regard by the financial services sector. Gulf BankGulf Bank's award will be presented at a gala awards function in Shanghai on the 7^th and 8^th of June.

"Gulf BankGulf Bank is honoured yet again to be recognised as the best retail bank in Kuwait," commented Mr. Bassam Y. Alghanim, Chairman and Managing Director of Gulf BankGulf Bank. "The Asian Banker award follows Gulf BankGulf Bank's unprecedented third consecutive award for 'Best Retail Bank in the Middle East' by Banker Middle East and 'Best Bank in Kuwait' by Global Finance magazine. I am proud to say that Gulf BankGulf Bank is truly the region's most awarded retail bank."

"Importantly, the Asian Banker awards are based on a detailed evaluation of all submissions based on a wide-ranging performance assessment conducted by a distinguished panel of international referees," Mr. Nazem Al-Qenae, General Manager, Retail, for Gulf BankGulf Bank added. "Gulf BankGulf Bank's award was achieved through the quality of our retail operation, our products and our strong business processes. It is an outstanding achievement for the staff and management team of Gulf BankGulf Bank."

Gulf BankGulf Bank is one of the fastest growing retail banks in the region. With seven consecutive years of record growth and profitability, its success has been built on a single-minded commitment to customer service. Gulf BankGulf Bank is a market leader in product and service innovation and is rapidly building a reputation as Kuwait's preferred local bank.

Research indicates that retail customers appreciate Gulf BankGulf Bank's superior customer service, financial security and sound advice. Gulf BankGulf Bank was recently the first bank in Kuwait to introduce a personalized ATM service, and the first to offer co-branded American Express Credit Cards. Gulf BankGulf Bank's network has grown to 38 distinctively branded branches in convenient locations throughout Kuwait and, as part of the banking relationship, customers receive a wide variety of benefits including unique prize draws, SMS alerts and retail store discounts. Gulf BankGulf Bank is also rated highly by customers for the friendliness and knowledgeability of its staff.

"I would also like to take this opportunity to thank our customers for their loyal support," Mr. Alghanim concluded. "We certainly appreciate being honoured in the top regional and international awards but the one award that matters most is our customers' satisfaction. Gulf BankGulf Bank will continue to deliver an award-winning service that meets and exceeds the needs of our customers."

- Ends -

About Gulf BankGulf Bank
Gulf BankGulf Bank is Kuwait's second largest and fastest growing commercial bank. Established in 1960, Gulf BankGulf Bank has since progressed to becoming an industry-leading financial services provider complemented by a large network of 38 branches strategically positioned in key locations in Kuwait for the banking convenience of customers.

Gulf BankGulf Bank has been awarded 'Best Bank in Kuwait' by Global Finance in 2007 and 'Best Retail Bank in the Middle East' for three years in a row by Banker Middle East. Gulf BankGulf Bank routinely surpasses its competition by focusing on one simple strategy: delivering superior customer satisfaction. The Bank has consistently delivered strong financial results in a highly competitive market environment reflecting its focused and effective business strategies.

Gulf BankGulf Bank continues to grow and evolve its leadership position within the Kuwait banking community as a result of its innovative Transformation and Actualization Strategies that have been the driving force behind its management, operations and remarkable success since 1999.

The main businesses of the Bank are Retail Banking, Corporate Banking, Treasury, International Banking and Investment Management.

For more information,please contact:
Emiranda Winter
External Communications Manager
Gulf BankGulf Bank
Tel: (+965) 244 9501
Mobile: (+965) 691 5040
Email: ewinter@gulfbank.com.kw
Website: www.gulfbank.com.kw

Dina Sabry
Media Relations Manager
Hill & Knowlton
Tel: (+965) 232 2976
Mobile: (+965) 944 5975
Email: dsabry@hillandknowlton.com.bh

© Press Release 2007 from Hill & Knowlton

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