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Bahrain
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Ahli United Bank, Bahrain’s largest bank by assets, reported a 5% increase in profits to $730.5 million and saw its cross-border business grow to 20% of its loan portfolio in 2019. Its takeover by Kuwait Finance House has been postponed until December due to the coronavirus outbreak, ruling it out of this year’s best bank award.
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Smaller but by no means less mighty rival National Bank of Bahrain (NBB) is Euromoney’s best bank in Bahrain after seeing profits increase by 6% in 2019 to $197 million, with a decent return on equity of 14.72%.
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