MANAMA: Ahli United Bank (AUB) has been honoured as the Best Bank in Bahrain 2022 by leading financial publication Euromoney.
The announcement was made at the Euromoney Awards for Excellence 2022 event in Dubai.
AUB won the award based on its strong financial performance as well as outperformance relative to the peer group.
The bank’s ability to adapt to changing market conditions and cater to client needs during and post-Covid-19 was also a key contributing factor.
With a history spanning over five decades, the Euromoney accolades are some of the most sought-after in the industry, and are widely deemed a definitive benchmark for excellence in the financial world.
“It is an absolute honour that we have yet again received this title, especially in the face of the challenges posed by the global pandemic and looming fears of impending stagflation. Through exceptional management and technical capability, AUB was able to demonstrate an exceptional capability not just to absorb sharp market fluctuations, but to also maintain the momentum of its growth and innovation strategy, with key focus on transformation in the fields of digital, data, and human resources,” stated AUB chairman Meshal Al Othman.
“The numbers speak for themselves, highlighting the resilience of AUB’s business model, and the upward trajectory of its transformation efforts. Our emphasis on core earnings, risk management, and intelligent spend has paid off amply in the form of resilience against recent market volatility. Thanks to AUB’s professional and committed management and staff, the bank continues to reap the benefits of its customer-focussed approach, as well as the implementation of digital solutions that truly empower our clients.”
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