Syria Gulf Bank…… your key to better banking services.
Bank with us, bank everywhere, in the Middle East and North Africa… with our partner Banks!
Syria Gulf Bank is the seventh private bank to obtain a license to operate in Syria. It is a Joint Stock Company owned by Syrian shareholders for 51% and by the United Gulf Bank of Bahrain (24%), Global Investment House of Kuwait (7%), National Bank of Lebanon (7%), and Al Fotouh Investment Co (11%).
The Bank started to operate in 2007 with a start-up capital of SP 1,500 million (USD 30 million). The IPO was oversubscribed by 250% in Syria, Lebanon and Kuwait. In 2008, the Bank successfully increased its capital to SP 3,000 million (USD 60 million).
Syria Gulf Bank is part of the unique KIPCO Group with presence across the Middle East and North Africa along with a family totaling 6 Partner banks; Algeria Gulf Bank, Algeria; Jordan Kuwait Bank, Jordan; Tunis International Bank, Tunisia; Burgan Bank, Kuwait and United Gulf Bank, Bahrain to facilitate our customers varying financial needs from personal to trade finance. Other financial services in the network for Investment and Asset Management are; United Gulf Bank Securities Company (UGBS),Bahrain; United Gulf Financial services(UGFS), Qatar; KAMCO, Kuwait; Al Dhiyafa, Kuwait; Kuwait Private Equity Financial Fund, Kuwait; Royal Capital, Abu Dhabi, UAE; North Africa Holding company, Kuwait; and Manafae Investment, Kuwait.
For our business customers we provide commercial and international services to small sized businesses and professionals in a variety of industries, including commercial real estate and construction loans, commercial credit facilities, trade finance, as well as consumer services to individuals with a full range of savings and lending activities, home, personal and car loans. Whether you are in the Middle East or North Africa we can assist you in your financial needs.
Technology and comprehensive automation of services are the key focus areas that enable Syria Gulf Bank to compete with other banks in Syria in order to provide tremendous benefits to the customers.