Gulf Bank: Strategy to Become the Best Bank in Kuwait
The story of Gulf Bank can be classified as the “rags-to-riches-to-rags-and-back-to-riches-again” story. Why? Read about the inspiring success story of Gulf Bank.
Gulf Bank’s Strategy
The ambition of Gulf Bank is to be a dominant player in the Kuwaiti retail and commercial banking space.
Gulf Bank’s Performance in 2012
Michel Accad, CEO of Gulf Bank, offers intriguing insights into the financial performance of Gulf Bank.
Gulf Bank’s Governance
Michel Accad, CEO of Gulf Bank, talks about the governance of the second largest bank in Kuwait.
Differentiation of Gulf Bank in Kuwait
Gulf Bank’s major competitive edge is product innovation and differentiation in terms of excellent service.
Gulf Bank of Kuwait: 2nd Largest Bank in Kuwait
Michel Accad, CEO of Gulf Bank – Biography
Gulf Bank Company Profile
Our ambition is to be a dominant player in the local retail and commercial banking space. Being a dominant player means you really need to have something like a 15% market share. Today, we are far from that; we’re in the range of 11 or 12% depending on the specific product.
Gulf Real Estate: ALARGAN Real-Estate Company
Interview with Khaled Al Mashaan, Chairman and Managing Director of ALAGRAN International Real Estate Company. ALARGAN Real Estate have been very focused on middle income housing. I would say more than 80% of our investments cater to this segment of the market. As the housing projects get larger we need to provide the infrastructure for these communities and the required supportive facilities. We always strive to provide the best quality for the price and we are very much in touch with our clients. We enhance our units on a monthly basis and this gives us a competitive edge due to our focus.
Gulf Bank Kuwait New Strategy
Interview with Mr. Michel Accad, CEO of Gulf Bank
In December, Gulf Bank Kuwait had a meeting with the top fifty leaders at Gulf Bank and we decided on Gulf Bank’s strategic direction. Gulf Bank’s vision was to be a dominant player in the local, conventional banking market, focusing on retail and commercial banking. At this stage, Gulf Bank is not particularly interested in Islamic finance, or direct investments, or brokerage. The key thing that came up from that meeting was that for the next two years Gulf Bank will be in rebuilding mode and our strategy will revolve around four pillars.