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GIB meaning in Banking ?

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Answer: What is Gulf International Bank mean?

Gulf International Bank (GIB) was established in 1976 during the first oil boom and is incorporated in the Kingdom of Bahrain as a conventional wholesale bank. It is licensed by the Central Bank of Bahrain and is headquartered in Manama in Bahrain.

Gulf International Bank, through its subsidiaries, provides its services in the Gulf Cooperation Council countries and internationally. The company offers structured financing and advisory services for corporate and institutional customers in various sectors, including oil and gas, LNG, petrochemicals, power and water, infrastructure, telecom and technology-based projects, and aircraft and ships; and underwrites and arranges limited-recourse term financing with a range of debt finance products, such as syndicated debt finance, Islamic finance, export credit, and capital markets. It also provides a range of financial advisory services. In addition, the company offers asset and fund management services to the Middle East semi-governmental institutions and European financial institutions.

Our funding profile continues to strengthen, withgrowing access to stable and less costly fundingthrough meem digital banking, and the globaltransaction banking business. Customer depositsincreased 16 per cent to US$21.2 billion, constituting96 per cent of total deposits, and exceeding loans andadvances by more than 2 times. At the end of 2019,the Group’s Net Stable Funding Ratio (NSFR) stood at aparticularly high 163 per cent compared to the CentralBank of Bahrain’s mandated regulatory minimum of100 per cent. This strong ratio reflected the high levelof stable funding maintained by each entity within theGIB Group. Stable funding was enhanced by seniorterm finance of US$3.5 billion at the 2019 year end.

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