- National Bank of Bahrain (NBB) – NBB is one of the largest banks in Bahrain and offers a wide range of banking services, including personal and corporate banking, investment banking, and Islamic banking. Some of its key features include online banking, mobile banking, and a wide network of branches and ATMs.National Bank of Bahrain (NBB) is a highly reputable bank that has been providing banking, financial, and investment services since its establishment in 1957. With a total of $824.9 billion in assets in 2017, the bank boasts a net income of $162.25 million for that same year. The bank employs 761 people and is headquartered in Manama.
- Ahli United Bank (AUB) – AUB is a leading bank in Bahrain and the Gulf region, offering a range of personal and corporate banking services, as well as investment banking, trade finance, and wealth management. Some of its key features include online banking, mobile banking, and a wide network of branches and ATMs. Ahli United Bank (AUB) is a leading bank in Bahrain, established in 2000 through the merger of The United Bank of Kuwait (UBK) and Al-Ahli Commercial Bank B.S.C. With a total of $40.1 billion worth of assets in 2020, the bank has experienced steady growth since its inception. The bank’s net profit for the second quarter of 2021 was $122.9 million, a significant increase of 13.9% compared to the same period in 2020, which was 18% more than 2Q 2020.
- Bahrain Islamic Bank (BIBB) – BIBB is the first Islamic bank in Bahrain and offers a range of Islamic banking services, including personal and corporate banking, investment banking, and wealth management. Some of its key features include online banking, mobile banking, and a wide network of branches and ATMs.
- Standard Chartered Bank Bahrain – Standard Chartered Bank Bahrain is part of the Standard Chartered Group, a leading international bank with a presence in over 60 countries. It offers a range of personal and corporate banking services, as well as investment banking, trade finance, and wealth management. Some of its key features include online banking, mobile banking, and a wide network of branches and ATMs.
- Bank of Bahrain and Kuwait (BBK) – BBK is one of the oldest and largest banks in Bahrain, offering a wide range of personal and corporate banking services, as well as investment banking, trade finance, and wealth management. Some of its key features include online banking, mobile banking, and a wide network of branches and ATMs.For over three decades, this bank has been serving a wide range of customers through an array of products and services, including loans, portfolio management, and support for small, medium, and large businesses in multi-million-dollar projects. Established in 1971, the bank had total assets of $10.252 billion in 2019. With a team of 1,392 employees, the bank generated a revenue of $419.894 million and a net income of $200.000 million in the same year.
How many Banks are present in Bahrain?
There are around 20 commercial banks operating in Bahrain, including both local and international banks. These banks offer a variety of services including personal and corporate banking, investment banking, trade finance, and wealth management. Additionally, there are also several Islamic banks in Bahrain that offer banking services based on the principles of Islamic finance.
Which Bank is best in Bahrain?
The National Bank of Bahrain (NBB) has been honored with the Best Retail Bank award at the 2022 MENA Banking Excellence Awards, presented by MEED (Middle East Economic Digest). The award recognizes NBB’s dedication to offering exceptional products and services to its customers, consistent with its brand promise of being “Closer to You.”
As a leading bank with a long history in the industry, NBB received this prestigious award in recognition of its achievements in the retail banking sector. The bank was acknowledged for its ongoing efforts to provide customized products and services that cater to the needs of its customers, as well as its commitment to incorporating Environmental, Social and Governance (ESG) initiatives in its offerings.
In response to the award, Jean-Christophe Durand, CEO of NBB, said, “We are proud to be recognized by the MENA Banking Excellence Awards 2022 as the Best Retail Bank in the Kingdom. Retail Banking is a pillar of NBB’s activities and this award underscores our efforts and dedication towards our customers and community as we continue to offer products and services that aim to enrich our customers’ lives and facilitate their banking transactions. NBB strives to work towards positioning itself as the Bank of Choice in this rapidly changing industry.”
MEED’s Judging Panel for the MENA Banking Excellence Awards commented on NBB’s achievements by stating: “The National Bank of Bahrain has set the standard for digital transformation and led the Kingdom’s digital revolution achieving stellar year-on-year results across key business metrics. Clear leadership compliments sound strategy which is utterly responsive to changing customer demands. Leveraging technology expertly, the bank looks set for ongoing success.”
NBB continues to strive for growth and aims to further develop its business practices while staying true to its promise
