Bahrain: Ahli United Bank
Building on its successful results in 2012, Ahli United Bank (AUB) was once again the clear winner for Bahrain’s Bank of the Year award. Tier 1 capital and total assets increased by 7.1% and 9.3%, respectively, while the bank’s return on equity continued its year-on-year rise to hit 13.4% at the end of 2013. Moreover, AUB achieved a notable surge in net profits, which increased by 25.7% to hit $366.5m. When factoring in the sale of the bank’s stake in Qatar’s Ahli Bank, net profits increased by 72.6%, reaching $579.4m.
