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Bank of Bahrain and Kuwait (BBK)

Liquidity Management Centre (LMC)

The award for the best bank in Bahrain has been awarded to Bank of Bahrain and Kuwait, which continues to have the largest retail presence in the kingdom and plays a big role in financing commercial and infrastructure projects.

The bank has stood out this year for the way it has continued to develop its presence in the region and built its brokerage, financial services and credit card subsidiaries. The bank has also significantly upgraded its e-banking organization, developing a system that delivers fast and efficient services for its customers.

Best debt house in Bahrain was an extremely difficult choice. Citigroup was responsible for the impressive Islamic sovereign bond, which involved a highly complex transaction and was remarkably well received by investors.

However, the award goes to the Liquidity Management Centre, a locally based Islamic institution, which is rapidly building a reputation across the region.

The LMC was arranger and lead manager for a $250 million ijara sukuk for the Bahrain government – to be used to fund the airport expansion.

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