AUB named best bank in Bahrain by Euromoney
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Ahli United Bank has been recognised as the Best Bank in Bahrain 2021 by the leading international finance magazine Euromoney. AUB was awarded as the Best Bank by Euromoney based on its achievements, innovations and performance over the last 12-month period.
AUB’s ability to demonstrate resilience and adaptability in a very difficult and evolving Covid-19 pandemic impacted the operating environment, its relative outperformance compared with peers and its continued ability to meet client needs seamlessly and securely was the other key contributing factors for the accolade. “In 2020 the bank posted higher profits and a lower non-performing loan ratio than any other local lender.
It continues to invest in digital unveiling an upgraded mobile banking platform, introducing WhatsApp banking and bolting on new services to Al-Tajer, its digital platform for small and medium-sized firms,” said Euromoney’s Editor Louise Bowman.
“AUB’s well-managed business model, supported by its continued focus on its core earnings streams, robust risk management system and an intelligent spend strategy has paid off through the delivery of resilient performance as it traversed the challenging market conditions in a balanced and structured manner,” said Meshal Al Othman, AUB Chairman.