Gulf International Bank (GIB) reported an 11% increase in net income attributable to shareholders for the period ending September 30, 2025. The bank announced that net profit attributable to shareholders reached $140.2 million, up from $126.4 million in the prior year. For the third quarter alone, net profit was $48.0 million, a 27% rise compared to $37.9 million during the same period last year.
Non-interest income for the nine months ended September 30, 2025, grew by 18% to $169.7 million from $144.2 million in the previous period. This growth was driven mainly by foreign exchange income, net trading income, asset recoveries from previously written-off exposures, and increased fee and commission income.
Operating expenses for the first nine months of 2025 were limited to a 4% increase at $334.1 million, reflecting what GIB described as a balanced approach to growth while focusing on strategic initiatives. Provisions for the third quarter fell to $16.9 million from $20.9 million in Q3 2024.
Basic and diluted earnings per share attributable to shareholders rose to $7.01 cents compared with $6.32 cents per share in the prior period.
Total comprehensive income attributable to shareholders increased by 16% over the previous year, reaching $147.7 million.
As of September 30, total consolidated assets stood at $44 billion—up from $42.9 billion at December 2024—while cash and liquid assets totaled $16.7 billion or about 38% of total assets. Investment securities amounted to $10.1 billion and were largely composed of highly rated debt securities issued by major financial institutions and regional government-related entities.
Customer deposits reached $29 billion as of September end compared with $28.2 billion at December last year.
The bank’s liquidity coverage ratio was reported at 173.6%, its net stable funding ratio at 141.3%, and its Basel III total capital adequacy ratio at 15.5%, all above regulatory requirements.
According to GIB, “The financial statements for the third quarter of 2025 were reviewed by the external auditors KPMG -Fakhro and comply with International Accounting Standard (IAS) 34 – Interim Financial Reporting.”
Gulf International Bank B.S.C., established in 1975 and regulated by the Central Bank of Bahrain, operates across GCC countries and internationally through subsidiaries including GIB Saudi Arabia and GIB (UK) Ltd., with branches in London, New York, Abu Dhabi, Oman, and a representative office in Dubai.
GIB is owned by sovereign wealth funds or governments of Gulf Cooperation Council countries; Saudi Arabia’s Public Investment Fund is its primary shareholder.
