Bahraini lenders have enjoyed steady growth over the past year, thanks to diversified business models and supportive domestic economic conditions. The country’s higher-interest-rate climate, coupled with a healthy pipeline of local and regional infrastructure projects, lifted the profitability of the biggest banks throughout 2023.
Bank ABC, the only one of Bahrain’s top five lenders to post full-year results before The Banker went to press, saw net profit attributable to shareholders grow by 53 per cent to $235mn, with total operating income growing 16 per cent for the year.
