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Six more Gulf banks have released their results for 2005. Although the latest results were not as spectacular as some of the earlier ones announced, they still underlined the buoyancy of the sector. Gulf International Bank (GIB) reported an increase in net profits of 35 per cent in 2005 to $203 million. Total assets reached $22,856 million at the end of 2005, a $3,600 million increase on the previous year. GIB also saw a significant increase in lending, particularly in structured and project finance. The bank expects to increase its financing activities in 2006/07 and is looking to lengthen the tenor of its liabilities. The bank is also focusing on increasing its non-interest income by expanding its asset management and corporate advisory businesses.