Gulf Bank enters a partnership with Transcrate Int’l Logistics

Gulf Bank enters a partnership with Transcrate Int’l Logistics

KUWAIT: As part of its ongoing efforts to support Small and Medium Enterprises (SMEs), Gulf Bank has entered into a strategic partnership with Transcrate, a leading international logistics company, to provide its premium services to the Bank’s SMEs customers at discounted rates. 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, Faisal Al-Adsani, said: “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.” He added: “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