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Gulf Bank of Kuwait (بنك الخليج)
Main Activities: Banking and Credit Intermediation
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Company Information |
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Full name Gulf Bank of Kuwait (K.S.C.) (بنك الخليـــج ( ش.م.ك)) Headquarters P.O. Box 3200, Gulf Bank Building, Al Mubarak Al Kabir Street, Safat 13032, Kuwait.; Al safat; Al Asimah |
Status: Listed Legal Form: General Partnership Operational Status: Operational Financial Auditors: Jasim Ahmad Al-Fahad (2012) Incorporation Date: October 29, 1960 Total Employees: 1,136 Tel: 965 22449501 |
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Company Description |
| Gulf Bank KSC is a Kuwait-based financial institution established on the 29th of October, 1960 and it is primarily engaged in the provision of financial and investment services. The Bank is structured into four business units: Personal, Priority Banking, Business Banking and Corporate & Institutional. Its Personal segment offers banking packages, credit cards, saving and investments, loans, and day and night banking. The Priority Banking division offers banking products, priority benefits and investment | ||
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues decreased with -4.60%, from KWD 180,764 thousands to KWD 172,455 thousands. Operating result decreased from KWD 155,272 thousands to KWD 132,056 thousands which means -14.95% change. The results of the period increased 60.66% reaching KWD 30,620 thousands at the end of the period against KWD 19,059 thousands last year. Return on equity (Net income/Total equity) went from 4.64% to 7.12%, the Return On Asset (Net income / Total Asset) went from 0.41% to 0.64% and the Net Profit Margin (Net Income/Net Sales) went from 10.54% to 17.76% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 1012.33% compared to 1019.94% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.87 to 0.96 when compared to the previous year. |
Key Executives |
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FULL COMPANY PROFILE
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2011 Y (non-cons) |
2010 Y (non-cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
4,785,895 |
4,599,777 |
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Current Assets |
814,664 |
827,480 |
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Total Liabilities |
4,355,636 |
4,189,062 |
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Shareholders Equity |
430,259 |
410,715 |
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Current Liabilities |
852,998 |
953,898 |
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| * All the accounts are in KWD. | ||
Income Statement
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Total Operating Revenue |
172,455 |
180,764 |
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Operational Profit (Loss) |
132,056 |
155,272 |
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Net Profit (Loss) |
30,620 |
19,059 |
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| * All the accounts are in KWD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
0.64% |
0.41% |
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Annualised Return on Assets (ROA) |
0.64% |
0.41% |
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Return on Equity (ROE) |
7.12% |
4.64% |
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Annualised Return on Equity (ROE) |
7.46% |
4.67% |
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Return on Sales (ROS) |
17.76% |
10.54% |
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Return on Capital |
3.36% |
4.26% |
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Gross Profit Margin |
100% |
100% |
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Operating Profit Margin |
76.57% |
85.9% |
| Efficiency Ratios | ||
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Current asset turnover |
0.21x |
0.22x |
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Fixed-asset turnover |
0.04x |
0.05x |
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Asset Turnover |
0.04x |
0.04x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
132,056 |
155,272 |
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EBITDA |
134,858 |
157,823 |
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Enterprise value |
3,985,117 |
3,908,869 |
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Enterprise Value / EBITDA |
29.55 |
24.77 |
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Bookvalue (BV) |
430,259 |
410,715 |
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Net Cash |
-3,985,117 |
-3,908,869 |
| Liquidity Ratios | ||
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Current Ratio |
95.51% |
86.75% |
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Quick ratio |
95.51% |
86.75% |
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Doom's day ratio |
43.44% |
29.37% |
| Leverage Ratios | ||
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Leverage ratio |
1,112.33% |
1,119.94% |
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Debt to equity |
1,012.33% |
1,019.94% |
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Debt to total assets |
91.01% |
91.07% |
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Long Term Debt to Capital |
89.06% |
88.73% |
| Trend Ratios | ||
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Revenue Trend |
95.4% |
86.49% |
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Net Income Trend |
160.66% |
-67.89% |
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Operating Income Trend |
85.05% |
282.33% |
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