The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Awards for Excellence 2009: Bahrain

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. Gulf International Bank was the beneficiary of a $4.8 billion bailout this spring as its government shareholders bought its troubled investments. This, together with a new chief executive, has revitalized the institution somewhat.

Bahrain’s crowded banking sector looks set to consolidate.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree