As part of the Bank’s efforts to help SMEs develop diversify their activities and services

In keeping with its strategy to support and empower small to medium-sized enterprises (SMEs), Gulf Bank has announced that it is now receiving online applications from companies wishing to obtain cash and non-cash credit facilities. Companies can apply through the Bank’s dedicated online portal, noting there is no requirement for the company to have an existing account with Gulf Bank.

Applying for support services is now easier than ever. Customers wishing to obtain financing can navigate to Gulf Bank’s website, click on the small and medium enterprises webpage, fill out the application for financing solutions tailored to small and medium-sized enterprises, and submit their applications. Eligible customers will then receive an email through which they will be asked to submit audited financial statements for the last three years with the most recent administrative report. Once the Bank undergoes a quick overview of the application, and if the applicant meets all necessary requirements, the applicant will be contacted to complete the transaction.

The General Manager of the Corporate Banking Group at Gulf Bank, Ahmad AlDuwaisan, said, "In recognition of the importance of the small and medium-sized enterprises sector and the Central Bank of Kuwait’s direction to empower local SMEs, and with the aim of enhancing our customer experience, we have launched this portal to engage and communicate with small and medium-sized enterprises with ease. Gulf Bank has been continuously striving to facilitate banking services and transactions and provide simple, efficient and transparent solutions. This is why Gulf Bank was keen to provide a quick and simple mechanism for small and medium-sized enterprises to apply for credit lines and non-credit facilities."

He pointed out that Gulf Bank's strategy for the year 2025 has placed small and medium-sized enterprises and corporate businesses as one of its main pillars. As part of its strategy, Gulf Bank is aiming to grow and expand its portfolio of products and transaction banking service.

In addition to providing credit facilities to SMEs, AlDuwaisan pointed out that Gulf Bank also provides its small and medium-sized companies with digital banking services including electronic salary transfers, issuance of automatic debit cards, registration in point-of-sale services, payment gateways, logistics and consulting services, and more. To inquire about these services, customers can check out Gulf Bank’s website.

It is worth noting that small and medium-sized companies eligible for financing from Gulf Bank are independent companies whose assets are estimated at about half a million dinars, whose annual sales amount to more than KD 1.5 million, and whose number of employees exceed 150 people.

Gulf Bank's vision is to be the leading Kuwaiti Bank of the Future. The Bank is constantly engaging and empowering its employees as part of an inclusive and diversified workplace in recognition of every employee’s role in delivering customer excellence and serving the community at large. With its extensive network of branches and innovative digital services, Gulf Bank is able to give its customers the choice of how and where to conduct their banking transactions, all while ensuring a simple and seamless banking experience.

Gulf Bank is committed to maintaining a robust sustainability program at the community, economic, and environmental levels through sustainability initiatives that are strategically selected to benefit both the country and the Bank. Gulf Bank supports Kuwait Vision 2035 “New Kuwait” and works with various parties to achieve it.