Kuwait - 19 October 2011: Gulf Bank today announced that its Chief Financial Officer, Mr. Carlos Ribeiro has been awarded the 'Excellence in Finance' award at the 5th Annual CFO Middle East Strategies Forum 2011. The forum took place at the Park Hyatt Hotel in Dubai from 12 - 13 October.

This year's forum took the theme 'CFO rising above the financials,' which provided a unique platform for leading CFO's across the region to discuss ideas and strategies that facilitate the economical and financial growth in the region.

The award was received by Mr. Carlos Ribeiro in the company of representatives from Gulf Bank's senior executive management team. Mr. Carlos Ribeiro, Chief Financial Officer at Gulf Bank, said: 'I am honored to receive this significant award, which reflects the efforts of the whole financial team to deliver our short and long term strategic financial targets. The support we received from within the Bank led us to achieve successful results that kept us growing with our staff and customers. At Gulf Bank, we understand the needs and challenges in the market, and for that reason we constantly work to maintain and improve our financial standards. On behalf of Gulf Bank, I would like to thank the judging panel for recognizing our continuous efforts in maintaining the best financial outcomes.'

Congratulating Mr. Ribeiro on his award, Michael Accad, CEO and CGM at Gulf Bank, said: 'At Gulf Bank we have made great progress in delivering our commitments on promises, both to our customers and to our shareholders. In no small part, this is due to the achievements of Mr. Ribeiro and his team, and Gulf Bank is very proud that these efforts have been rightly recognized.' The annual CFO Middle East Strategies Forum 2011 honours excellence in finance, and recognizes the contributions CFOs have made towards the outstanding success of their organizations.