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Bahrain |
As in much of the Gulf, banking conditions in Bahrain were difficult over the last year. Despite these challenges, Ahli United Bank did well.
Still by far the biggest bank in Bahrain in terms of absolute profit, Ahli United reinforced its dominant position with a healthy increase in profit before tax from $609 million to $670 million over the year, achieved in a context of declining assets. They totalled close to $34 billion in 2015 and have since fallen to a little over $31 billion. It is to the bank’s credit that it was able to keep growing its profits even as the size of its assets fell.