Kuwait-Mubasher: Standard & Poor's Ratings Services has affirmed Gulf Bank of Kuwait’s long- and short-term counterparty credit ratings at A- and A-2 respectively, the bank said in a recent statement.
Gulf Bank's market share has settled since 2013, comprising more than 10% of loans and deposits across Kuwait, S&P said in an issued report.
“The stable outlook on Gulf Bank reflects our expectation that its business and financial profiles will remain relatively unchanged over the next 24 months,” the report added.
Gulf Bank stock fell by 0.95% to settle at 208 fils before closing Thursday’s trading session, as around 154,070 shares were traded via nine deals, with a value worth nearly KWD 32,050.
