Gulf Bank of Kuwait Gulf Bank of Kuwait Gulf Bank is one of the largest banks in Kuwait with a broad offering of consumer banking, wholesale banking, treasury, and financial services. Gulf Bank was founded in 1960, and listed as GBK on the Kuwait Stock Exchange (KSE) in 1984. The Bank has large network of 58 branches, with total assets of KD5,683 million for year ended 31 December 2017. Gulf Bank was founded in 1960, and commenced business operations in a rented flat on Fahad Al-Salem Street in Kuwait City with a total of 50 employees and a capital of 24 million rupees, equivalent
Kuwait Fund for Arab Economic Development higher foreign assistance ratio (as a percentage of the GNP) than do other rich capital surplus countries. Kuwait easily achieves and surpasses the target 0.7% of GNP that the United Nations specifies for development assistance. The State of Kuwait also maintains its support and contributions to the resources of other international development institutions, such as the Arab Fund for Economic and Social Development, the African Development Bank, the International Fund for Agricultural Development, and the International Development Association through the Kuwait Fund. Under a new law, the Kuwait Fund is obligated to transfer up to 25% of its net annual