Gulf Bank enters into partnership with Transcrate International Logistics

By Shilpa Annie Joseph, Official Reporter
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Gulf Bank partnership with Transcrate
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Gulf Bank has entered into a strategic partnership with the leading international logistics company Transcrate in order to provide its premium services to the Bank’s SMEs customers at discounted rates.

Founded in 1960, Gulf Bank is one of the largest leading banks in Kuwait with a broad offering of consumer banking, wholesale banking, treasury, and financial services. The move is part of the Bank’s ongoing efforts to support small and medium enterprises (SMEs).

Transcrate International Logistics will provide Gulf Bank’s SMEs customers with a range of services that would help them expand their businesses, meet the requirements of their customers, and carry out shipping, customs clearance, and logistics services.

On this occasion, Gulf Bank’s General Manager of Corporate Banking, Mr. Faisal Al-Adsani said that this agreement is part of Gulf Bank’s 2025 strategy, which considers the SMEs sector as one of its main pillars. The Bank aims to increase the growth rates of corporate services and help them expand their portfolio of products and banking services.”

Faisal Al Adsani- Gulf Bank
Faisal Al-Adsani
General Manager – Corporate Banking
Gulf Bank

“Gulf Bank is always striving to enhance non-banking services for SMEs, to help them operate their business successfully, without having to invest in the purchasing, renting, managing stand-alone warehouses, or hire a specialized team to manage clearance, delivery and inventory transportation. Today, SMEs play an important role in diversifying the Kuwaiti economy, creating job opportunities, and raising the value of entrepreneurship. Hence, Gulf Bank is keen to provide the necessary support in accordance with the Bank’s policies, to promote sustainable growth in SMEs, and the national economy as a whole.”

“In addition to its distinguished role in providing credit financing to this sector, in accordance with the Bank’s policies, Gulf Bank also provides its SMEs customers with electronic banking services, electronic salary transfers, issuance of debit cards, point-of-sale registration services, payment gateways, logistics, advisory and other services for companies. Customers can visit the website to register and for further inquiries,” Mr. Al-Adsani added.

Commenting on the strategic partnership, Mr. Ahmad Al-Qenaei from Transcrate International Logistics, stated that, “We are delighted to enter this important partnership with Gulf Bank, one of the leading banks in Kuwait, and to provide our services to its SMEs customers. This would help them expand their business and activities both internally and externally, in addition to facilitating all their logistics requirements. It is part of our company’s goals to educate customers and complete their requests in a timely manner, to help them reach their goals.”

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