Gulf International Bank Wins Eight Awards at the 2019 Global Finance Magazine Awards

Press release

Published September 12th, 2019 - 08:50 GMT

During the event

Highlights

Gulf International Bank (GIB) has been honoured with eight awards for its ongoing leadership in digital banking at Global Finance’s ‘Digital Banks and Innovators Awards Dinner 2019’ held at the Ritz-Carlton, Dubai International Financial Centre.

GIB’s shariah compliant digital retail bank, meem, scooped six awards and its Global Transaction Banking (GTB) business won two others:

meem by GIB

World’s Best Islamic Digital Banks 2019 – Bahrain Country Winner

World’s Best Consumer Digital Banks Middle East 2019, Bahrain Country Winner for:

Best Consumer Digital Bank
Best in Mobile Banking
Best Mobile Banking App
Best in Social Media Marketing and Services
Most Innovative

GIB Global Transaction Banking

World’s Best Corporate/Institutional Digital Bank Middle East 2019 for

Best Online Cash Management (Bahrain)
Best Opening Banking API (Bahrain)

The awards were accepted on behalf of GIB by its Group Head of Wholesale Banking, Khaled Abbas, Chief Digital Officer, Andreas Skopal, and GIB’s Head of Global Transaction Banking, Gurumurthy Palani.

meem by GIB is the digital retail arm of Gulf International Bank and was the first Shariah compliant digital retail banking service in the region established in 2015.

GIB Global Transaction Services offers treasury management and trade solutions including cash management, payments, receivables, channel services, working capital solutions, trade finance services with a complete range of digital enabled platforms and tools for corporates and the public sector in the GCC.

Background Information

Gulf International Bank

Gulf International Bank B.S.C. (GIB) was established in the Kingdom of Bahrain in 1975, and commenced operations in 1976. In 2017, GIB became the first foreign domiciled bank to be granted approval from the Saudi Arabia Council of Ministers to establish a local commercial bank in the Kingdom of Saudi Arabia.

Consequently, GIB's branch offices in the Kingdom will become part of the Saudi Arabian subsidiary, with the country headquarters located in Al Dhahran.