| Global Awards for Excellence | ||
| Middle Eastern Regional Awards of Excellence | ||
| Bahrain | Egypt | Iran |
| Jordan | Kuwait | Lebanon |
| Oman | Qatar | Saudi Arabia |
| UAE | ||
 |
Best Bank: Ahli United Bank |
Bahrain’s collection of wholesale banks has hit a point of no return. In 2008, for example, Arab Banking Corporation’s impairment provisions totalled about $1 billion, to help it finish the year with a net loss of $880 million.
Toxic investment losses at Gulf International Bank, another flagship of Bahrain’s wholesale banking sector, reached a total of more than $1 billion over the past two years.
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