Gulf International Bank (GIB) reported net profit attributable to shareholders of $44.2 million for Q2 2025, an 8% increase over the $41 million posted in Q2 2024. The gain largely stemmed from a 71% rise in non‑interest income, which reached $58.7 million, while operating expenses climbed 4% to $113.2 million and provisions surged to $18.6 million. Group consolidated profit for the period rose 10% to $52.6 million, up from $48 million. Basic and diluted earnings per share increased to 2.21 cents, from 2.05 cents a year earlier, and total comprehensive income attributable to shareholders grew 3% to $40.4 million.
In the first half of 2025, GIB delivered net profit attributable to shareholders of $92.2 million, a 4% increase from $88.5 million in the same period last year. Net income reached $112.6 million, up 6% year‑on‑year. Non‑interest income rose 24% to $112.2 million, fuelled by foreign‑exchange revenue, net trading gains and recoveries from previously written‑off accounts. Operating expenses edged up 5% to $222 million. Basic and diluted earnings per share stood at 4.61 cents, compared to 4.43 cents, and total comprehensive income attributable to shareholders increased 6 per cent to $89.8 million.
Shareholders’ equity (excluding minority interest) grew 4% to $2.6 billion, supported by reserves and retained earnings of $565.3 million, which account for 28% of capital. Consolidated assets expanded 15% to $49.2 billion, driven by higher transitory client deposits via the Group’s UK cash‑management and payment services. Cash and liquid assets made up 43% of total assets, rising from 40% in December 2024, while investment securities stood at $9.5 billion and loans and advances increased 5% to $16.1 billion.
Customer deposits reached $33.8 billion. GIB’s liquidity and capitalisation remained well above regulatory thresholds, with liquidity‑coverage at 131.1%, net‑stable‑funding at 138.7%, and total Basel III capital adequacy at 14.8%. Financial statements were reviewed by external auditors KPMG‑Fakhro in accordance with IAS 34.
