What is the history of Gulf Bank?

Written by Editorial Team | Last Updated: August 2026

Gulf Bank of Kuwait was established in 1960 by a royal decree issued by Sheikh Abdullah Al-Salem Al-Sabah, commencing commercial operations in October 1961 as one of the earliest banking institutions in Kuwait. The bank played a vital foundational role in financing the nation's post-oil economic boom, supporting commercial trade, real estate development, and retail banking. Despite navigating historical regional conflicts, including the Iraqi invasion of Kuwait in 1990 and the 2008 global financial crisis, Gulf Bank successfully restructured its operations, emerging as a premier commercial bank in Kuwait.

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Gulf Bank of Kuwait utilizes the primary international SWIFT/BIC code GULFBKKWXXX for its central headquarters and principal administrative operations located in Kuwait City.

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