For the second year in a row, New York-based Global Finance magazine has named Gulf International Bank (GIB) the Safest Bank in Bahrain. Winners were recognised at an awards ceremony in October, during the International Monetary Fund and World Bank Group meetings in Lima, Peru.
GIB had total assets of US$21.3 billion at the end of 2014. GIB’s shareholder base includes Saudi Arabia’s Public Investment Fund, which holds a majority stake of 97.2 percent.
Earlier this year, GIB was named “Best Equity Bank in the Middle East” and “Best Investment Bank in Bahrain” by Global Finance magazine.
GIB CEO Dr. Yahya Alyahya expressed pride at the announcement and said: “Since the establishment of the bank in 1975, we have worked for over four decades to evolve the bank’s capabilities, and deliver sustained returns. This award is evidence of GIB’s strength in challenging and changeable global markets”
GIB is owned by the six Gulf Cooperation Council countries. Saudi Arabia’s Public Investment Fund being the major shareholder.
Gulf International Bank (GIB) is a pan-GCC universal bank that specializes in corporate and investment banking and has a growing retail footprint. In addition to its main subsidiaries, London-based Gulf International Bank (UK) Ltd., and Riyadh-based GIB Capital LLC, it has branches in London, New York, Abu Dhabi, Dhahran, Riyadh and Jeddah with representative offices in Dubai and Beirut.
Please visit http://www.gfmag.com/magazine/october-2015/worlds-best-banks-2015-coverage for the Global Finance magazine full list of 2015 winners.