Gulf International Bank (GIB) has announced strong financial results for the third quarter ending 30 September 2025, reflecting continued profitability, disciplined cost control, and effective income diversification.
For the three months ending 30 September 2025, net profit attributable to shareholders reached $48.0 million, marking a 27% increase compared with $37.9 million in the same period last year. The rise was supported by growth in non-interest income, which increased by 7% to $57.5 million from $53.9 million.
Operating expenses remained stable at $112.1 million, recording only a modest 2% rise — a reflection of the Bank’s strong commitment to cost efficiency. Provisions for the quarter declined to $16.9 million, down from $20.9 million in Q3 2024. Overall, the Group posted a consolidated profit of $57.8 million, up 21% from $47.7 million in the prior-year quarter.
Earnings per share rose to 2.40 cents, compared with 1.90 cents a year earlier. Total comprehensive income attributable to shareholders increased by 36% to $57.9 million, up from $42.6 million during the same period in 2024, demonstrating the Bank’s continued focus on delivering sustainable returns to shareholders.
For the period ended 30th September 2025, net profit attributable to shareholders of the Bank grew by 11% to $140.2 million compared to $126.4 million in the prior year. Net income for the nine month’s period ended reached $170.4 million, a 11% increase from $154.0 million in the previous period.
Non-interest income for the nine months period ended 30th September 2025 reached $169.7 million compared to $144.2 million, representing an increase of 18%. This growth was primarily driven by foreign exchange income, net trading income, asset recoveries from previously written-off exposures and net fee and commission income. This growth aligns with the execution of Bank’s strategy to diversify income sources and enhance cross-sell activities.
The Bank upheld operational efficiency, limiting its growth in operating expenses to $334.1 million, which is a 4% increase, indicating a balanced approach to growth while prioritizing strategic initiatives.
Basic and diluted earnings per share attributable to shareholders reached $7.01 cents, compared to $6.32 cents per share in the prior period.
Total comprehensive income attributable to shareholders stood at $147.7 million, up 16% from $127.1 million in the previous year.
Total shareholders’ equity, excluding minority interest, rose by 6% to $2.6 billion from $2.5 billion in December 2024, including reserves and retained earnings of $623.3 million, which account for 31% of capital.
Total consolidated assets as at 30th September 2025 stood at $44.0 billion, compared to $42.9 billion, reflecting a 2% increase since December 2024. Cash and liquid assets, including short-term placements, reached $16.7 billion, representing 38% of total assets. Investment securities amounting to $10.1 billion were primarily composed of highly rated and liquid debt securities issued by major financial institutions and regional government-related entities.
As of 30th September 2025, customer deposits reached $29 billion compared to $28.2 billion in December 2024. The Bank continued to maintain healthy capitalisation and stable liquidity position with the liquidity coverage ratio of 173.6%, net stable funding ratio of 141.3%, and Basel 3 total capital adequacy ratio of 15.5% are all well above the regulatory requirements.
The financial statements for the third quarter of 2025 were reviewed by the external auditors KPMG -Fakhro and comply with International Accounting Standard (IAS) 34 – Interim Financial Reporting.
Gulf International Bank B.S.C. is a pan GCC universal bank established in 1975 and regulated by the Central Bank of Bahrain. GIB’s services are delivered across the GCC and international markets through its subsidiaries: GIB Saudi Arabia, GIB (UK) Ltd. Additionally, the Bank has branches in London, New York, Abu Dhabi and Oman in addition to a representative office in Dubai.
GIB is owned by the sovereign wealth funds/governments of the Gulf Cooperation Council countries (GCC), with Saudi Arabia’s Public Investment Fund (PIF) being the primary shareholder.