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Bahrain Best bank: Ahli United Bank |
Lower oil prices are hurting Bahrain’s economic and fiscal position, as elsewhere in the region – and the weakening of its claims to regional financial-centre status has diminished an important element of its economic diversity.
Nevertheless, Bahrain’s banks are healthy, and in Ahli United Bank (which is based in Bahrain) it has an institution of regional spread. By far the biggest bank in Bahrain in terms of absolute profit, Ahli United can compete with the best financial institutions in the Middle East in areas like cash management and trade finance, in which it continues to invest – even if its overall size perhaps inevitably lags behind champions in bigger markets. It has a higher rating than the sovereign.
Ahli United had a particularly good year in 2015.