World's leading finance publication recognises Gulf Bank's superior customer service, innovation and profitability
Kuwait, November 6th 2007: Global Finance, the world's most influential finance publication, has presented Gulf Bank with the award for the Best Bank in Kuwait in 2007 during its World's Best Banks Awards ceremony held in Washington DC.
The award was presented to Gulf Bank's General Manager for International Banking, Mr. Khaled Al-Mutawa, by Mr. Joseph Giarraputo, President of Global Finance, during the recently held Annual Meetings of the World Bank and IMF in Washington DC. The awards ceremony was attended by Central Bank Governors, Finance Ministers and senior banking executives from around the world.
The Best Bank Award was judged by Global Finance's editorial team and having Gulf Bank identified as one among 110 countries, Mr. Al Mutawa said he was very proud to have received the award on the Bank's behalf in Washington. "It was a tremendous honour to represent the Bank at such a prestigious international occasion and with banking colleagues from all over the world present at the event and have the opportunity to put Gulf Bank and Kuwait on the global stage.
"The Global Finance Best Bank Award demonstrates the progress Gulf Bank has made in becoming Kuwait's preferred local bank," he added.
According to the criteria set by Global Finance the best banks are those that understand the needs of their customers and provide the products and services that are in demand and that produce mutual success.
Gulf Bank CEO, Mr. Louis Myers commented: "This award is well-deserved and a clear recognition of Gulf Bank's remarkable success and a fitting reward for all the hard work by our staff without whom we cannot continue to deliver the best quality and most innovative services to our customers here in Kuwait."
In selecting this year's winners, Global Finance considered factors that ranged from objective criteria including growth in assets, profitability, geographic reach, strategic relationships, new business development and product innovation to more subjective criteria that included the opinions of equity and credit-rating analysts, banking consultants and others in the industry.
Global Finance has more than 250,000 readers in more than 158 countries and is an authoritative source of information for CEOs, CFOs, Treasurers and other financial officers responsible for making investments and strategic business decisions for global companies and financial institutions.
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Gulf Bank is Kuwait's second largest and fastest growing commercial bank. Established in 1960, Gulf Bank has since progressed to becoming an industry-leading financial services provider complemented by a large network of 40 branches strategically positioned in key locations in Kuwait for the banking convenience of customers.
Gulf Bank - awarded 'Best Retail Bank in the Middle East' in 2005 and 2006 by Banker Middle East - routinely surpasses its competition by focusing on one simple strategy: delivering superior customer satisfaction. Gulf Bank has consistently delivered strong financial results in a highly competitive market environment reflecting its well focused and effective business strategies.
The 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 visit our website: www.gulfbank.com.kw or contact:
Emiranda Winter
External Communications Manager
Gulf Bank
Tel: (+965) 244 9501
Mobile: (+965) 929 2738
Email: ewinter@gulfbank.com.kw
Dina Sabry
Senior Account Executive
Hill & Knowlton
Tel: (+965) 232 2976
Mobile: (+965) 944 5975
Email: dsabry@hillandknowlton.com.bh
© Press Release 2007
