Middle Eastern regional awards
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Best Bank: Ahli United Bank |
The clear winner is Ahli United Bank (AUB), which last year delivered a 25.8% increase in net profits to $207.5 million. The bank’s assets, loans and advances, and total deposits all rose by at least 50%. AUB’s continued strong performance demonstrates how well the bank, which was upgraded to A– by Fitch Ratings in 2006, has protected itself from the volatilities of regional stock markets.
Much of AUB’s success is attributable to its policy of building a regional strategy designed to give it a strong presence in each of the region’s major markets.
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