COUNTRY INDEX
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BAHRAIN |
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Best Bank: Ahli United Bank |
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Best Investment Bank: Sico Bank |
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When Covid hit in early 2020, Ahli United Bank and its group chief executive Adel El-Labban stepped up. The bank worked with struggling clients in the eight regional states in which it operates and, true to its reputation as a conservative lender, ratcheted up provisioning to offset losses.
It worked. Net profit dipped 38.1% year on year to $452 million, but neither its cost-to-income ratio, which stayed below 30%, nor its capital adequacy ratio, at 16.1%,
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