Being one of the richest countries in the world, Bahrain has more than 100 banks. There are retail banks, wholesale banks, etc., Most of the banks in Bahrain follows both Islamic and conventional banking principles. Here’s a list of the best banks in Bahrain(not in a specific order)
Ahli United Bank(AUB)
In 31st May 2000, United Bank Of Kuwait and Al Ahli Commercial Bank were merged as Ahli United Bank. It provides several banking services like retail, corporate, treasury, wealth management, investments and much more. AUB has earned several awards for its performance in the banking sector.
Branches
There are 22 AUB branches all over Bahrain with 26 ATMs kiosks.
Total Assets and Net Profit (By 30 September 2018)
Total Assets: US$ 35.5 Billion
Net Profit: US$ 528.3 Million
Bank of Bahrain and Kuwait(BBK)
Bank of Bahrain and Kuwait started its operations in 1972 with the headquarters located in Bahrain. Other than the general public, the government of Bahrain is the shareholders of BBK. It provides all banking services like accounts, loans, investments, international banking, corporate banking, enterprise banking, trade finance, etc.
Branches
There are 15 branches in Bahrain region and 5 overseas branches.
Total Assets and Net Profit(by 2017)
Total Assets: US$ 984 Million
Net Profit: US$ 150 Million
National Bank of Bahrain(NBB)
National Bank of Bahrain popularly known as NBB was founded in 1957 in the Kingdom of Bahrain. They provide both retail and commercial banking services to its customers. The banking services provided by NBB include both personal and business banking.
Branches
There are 25 branches and 61 ATMs overall in Bahrain.
Total Assets and Net Profit(by 2017)
Total Assets: US$ 8,248.79 Million
Net Profit: US$ 162.25 Million
Arab Bank
Arab Bank is one of those banks which are well-acclaimed worldwide. They have more than 500 branches in 30 countries in 5 different continents. They provide services with transparency and commitment. In Bahrain, Arab Bank offers different services on personal banking, elite banking, corporate banking, premium banking etc.,
Branches
There are 5-6 branches with 5 ATM kiosks.
Total Assets and Net Profit
Total Assets: US$ 533 Million
Net Profit: US$ 48.2 Billion
Ithmaar Bank
Ithmaar Bank follows Islamic principles. It is governed by the Central Bank of Bahrain. It provides different services like retail banking, private banking, and financing services. It also offers products that follow Shari’a laws which serves the needs of their customers.
Branches
There are 16 branches in Bahrain region with 25 ATM locations.
Total Assets and Net Profit (by 2017)
Total Assets: US$ 16 Million
Net Profit: US$ 22 Billion
Al Baraka Bank
Al Baraka Bank was established in 1984 that follows Islamic principles. It offers personal, international, commercial & corporate services to customers.
Branches
They have 8 branches and 30 ATM kiosks all over Bahrain
Total Assets and Net Profit (by 2017)
Total Assets: US$ 2.3 Billion
Net Profit: US$ 5.4 Million
Bahrain Development Bank
Bahrain Development Bank started its operations in 1992. It offers financial assistance for small and medium businesses in the Kingdom of Bahrain.
Total Assets and Net Profit
Total Assets: US$ 467 Million
Net Profit: US$ 20 Million
Al Salam Bank
Al Salam Bank started its operations on 19th January 2006 in Bahrain. They offer different banking products and services that follow Shari’s complaint. They provide retail, private, corporate and investment banking services.
Branches
There are 10 branches in Bahrain with 12 ATM kiosks.
Total Assets and Net Profit (By 2017)
Total Assets: US$ 4,216 Million
Net Profit: US$ 48 Million
SBI Bahrain
State Bank of India started its services in Bahrain on 2nd January 2007. Being one of the well-known banks in the world, it gained a decent place amongst the other retail banks in Bahrain region. It provides both corporate and retail banking services.
Branches
There are 2 SBI branches in Bahrain.
Total Assets and Net Profit (By 2017)
Total Assets: US$ 480 Billion
Net Profit: US$1.5 Billion
Bahrain Islamic Bank
Bahrain Islamic Bank which is known as BisB is the first Islamic bank in the kingdom of Bahrain. It was established in 1979. It provides different banking services like retail, corporate, etc., to its customers.
Branches
There are 9 BisB branches and more than 50 ATM kiosks in different locations in Bahrain.
Total Assets and Net Profit (By 2017)
Total Assets: US$ 3260 Million
Net Profit: US$ 26.79 Million
