Gulf African Bank: A Comprehensive Guide to Banking Services and More

Gulf African Bank is a Kenyan bank that offers a wide range of banking services to its customers. The bank has a strong presence in the country, with over 70 branches across Kenya.

Gulf African Bank was founded in 2005, making it a relatively new player in the Kenyan banking industry. The bank's mission is to provide innovative and customer-centric banking solutions.

The bank's services include personal banking, corporate banking, and investment banking. Gulf African Bank also offers a range of products, including savings accounts, current accounts, and credit facilities.

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Gulf African Bank is a leading financial institution in East Africa, with a rich history dating back to 1993. It was founded with the goal of providing innovative banking solutions to individuals and businesses.

The bank's headquarters is located in Nairobi, Kenya, and it has a strong presence in the region with several branches and a wide network of ATMs. It's a great option for those looking for a reliable banking service.

Gulf African Bank is committed to providing excellent customer service, with a team of experienced and knowledgeable staff who are always ready to assist. They truly care about their customers' needs and go the extra mile to ensure they're satisfied.

The bank offers a range of products and services, including personal and business banking, loans, and investments. They also have a mobile banking app that allows customers to manage their accounts and make transactions on the go.

Gulf African Bank offers a wide range of services through its mobile banking platform, GABPesa.

You can access your account balance with just a few taps on your screen.

The mobile banking application also allows for utility payments, so you can pay your bills on time without any hassle.

Pesalink is another service available on GABPesa, enabling you to transfer funds to other banks and mobile money services.

Airtime top-up is also possible, so you can recharge your phone credit without leaving the app.

Mini statements are available, giving you a quick snapshot of your recent transactions.

Forex rates are also accessible on the mobile banking app, helping you stay up-to-date with currency exchange rates.

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Gulf African Bank has managed to leverage a variety of partnerships which have each contributed positively to overall growth levels.

The bank has strategically engaged in several partnerships regionally, including a current partnership with Takaful Insurance of Africa, which has seen the bank venture into this sector successfully.

Ensuring their partners' Return on Investment is high has meant continued interest in the bank, as evidenced by the IFC making a second investment into GAB due to their good performance over the years and future outlook.

The bank meets their end of the bargain in partner agreements and ensures their business partners get value, especially through good returns on investment amongst other things.

This approach has also led to the bank venturing into new sectors and offering additional value to customers through loyalty programmes with various outlets in Kenya.

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Gulf African Bank has a robust operations and management structure in place. This enables the bank to efficiently manage its day-to-day activities and provide quality services to its customers.

The bank's operations are supported by a team of experienced professionals who are skilled in various areas such as risk management, compliance, and technology. They work together to ensure that the bank's systems and processes are running smoothly.

With a strong focus on technology, Gulf African Bank has implemented various digital solutions to enhance customer experience and improve operational efficiency.

The ownership of Gulf African Bank is a diverse mix of institutional and private investors from the Persian Gulf, Kenya, and the United States. The bank's shares are privately held, with institutional investors accounting for over 90% of the shareholding.

Istithmar PJS of the United Arab Emirates holds the largest share, with a 32% ownership stake. This private equity firm is a significant player in the bank's ownership structure.

The International Finance Corporation, an affiliate of the World Bank, acquired a 16% shareholding in the bank for US$5 million in September 2012. This investment has had a significant impact on the bank's ownership dynamics.

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Here's a breakdown of the top shareholders in Gulf African Bank:

The totals in the table may not add up to 100% due to a lack of shareholding data after the IFC investment in 2012.

Transferring money from M-Pesa to another bank is a straightforward process that can be done in a few easy steps. To start, you'll need to choose between using the GABPesa application or the USSD code *399#.

Using the GABPesa app is a convenient option. You can quickly transfer money from your M-Pesa to your bank account by following the procedure outlined below.

To transfer money using the GABPesa app, go to M-Pesa on your phone, choose the Lipa na M-Pesa option, and then choose Pay Bill. You'll be prompted to enter the business number, which is 985050.

You'll also need to enter your bank account number and the amount you wish to transfer from your M-Pesa. After that, simply enter your M-Pesa pin to complete the transaction.

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Alternatively, you can transfer money from M-Pesa to your bank account using the USSD code *399#. In this case, you'll choose option 4, "M-Pesa to Bank Account", and follow the prompts.

It's worth noting that there are limits to the amount of money you can transfer from M-Pesa to your bank account. The maximum daily M-Pesa transaction limit is Kshs. 300,000, and the maximum per transaction is Kshs. 70,000.

Here are the steps to transfer money from M-Pesa to your bank account using the USSD code:

Talent Management is a crucial aspect of any successful organization. GAB recognizes the essential role played by staff in achieving their strategic objectives.

The bank has a policy on talent management that helps identify key members of staff who support current and future business goals. Abdulkhalik highlights that staff in the talent pool will be given support through mentorship programmes, training and attachments.

GAB upholds diversity and inclusion as an equal opportunity employer. The bank's performance-driven culture encourages teamwork and participation in company activities.

Staff morale is kept high through company activities, ensuring GAB maintains its competitive edge.

Gulf African Bank has made a name for itself as the leading Islamic bank in Kenya, earning recognition as the Best Islamic Bank in Kenya by M & A Today and Islamic Finance News.

The bank's strong position has enabled it to engage in new partnerships regionally and internationally, as well as product diversification to include insurance.

GAB's Return on Assets (RoAs) currently stands at an impressive 3.12 percent, and after-tax profit levels have jumped by 41 percent.

The bank's focus on SME products and financing services has cemented its leading position in the market, even as more traditional Kenyan banks open their doors to Islamic banking.

GAB has the best trade financing facilities for international traders that subscribe to the Shari'ah compliant economic model, with guarantees and bonds to cater for various customer needs.

The increased competition in this sector has prompted Gulf African Bank to think of ways to improve its product and service offering going forward.

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