Country Awards for Excellence 2014: Middle East

Bahrain
Egypt
Iran
Israel
Lebanon
Oman
Palestinian Territories
Qatar
Saudi Arabia
UAE
Outstanding contribution to financial services in the Middle East
Regional Awards of Excellence
Photos from the Awards ceremony
="">Awards for Excellence 2014: Results index



Bahrain

Best bank: Ahli United Bank


The Bahrain award is one of the easier ones in the region to decide upon; Ahli United is the leader on almost any metric. Its $579.4 million net profit for the 2013 financial year ($366.5 million after allowing for a one-off exceptional gain) was a record and a 25.7% improvement on the previous year, as well as being the biggest profit in the country’s banking industry. Total assets grew 9.3% to $32.65 billion; loans, 8.3%; customer deposits, 17.4%. NPLs are a healthy 2.4% and total provisions for those NPLs 149.4%, while the bank’s capital adequacy ratio now stands at 16.2%. Most of these metrics lead the industry....