Press Releases
Gulf Bank Has Closed All Financial Derivative Transactions on Account of its Customers
H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), announced that on the basis of data reported to CBK on Tuesday 28 October 2008 by the Gulf Bank and the controller appointed to supervise the activities of this bank in management of the treasury department and dealings in the exchange and securities markets, all transactions in financial derivatives on behalf of customers have been closed, and that currently the Gulf Bank does not have any such transactions on behalf of its customers.
