Corrections

In July’s awards for excellence the text on Bahrain was omitted and we failed to include Qatar National Bank as joint winner of the award for best domestic bank in Qatar. We run these sections below.

Bahrain

Best domestic bank: National Bank of Bahrain

Best foreign bank: Citibank

Rising oil prices and the recovery of aluminium exports have boosted Bahrain’s economy in the past 12 months and with government spending remaining constant, the banking sector is optimistic for the year ahead.

National Bank of Bahrain continues to focus on both retail and corporate business and despite a more competitive market has maintained growth in the key areas of retail loans, deposits and credit cards. It increased its loan book by 14%, yet by limiting the majority of its exposure to government and financial institutions it can still boast a very low non-performing loans to total loans ratio of 2.86%.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access