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Ahli United Bank B.S.C. net profit surges by 6.2% to US$ 570.6 million

Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 570.6 million for the year 2016, representing a growth of 6.2% compared to a net profit of US$ 537.2 million in 2015. The net profit in Q4/2016 was US$ 128.5 million as compared to US$ 118.0 million in Q4/2015.

Despite the continuing general weakness in the regional and global economies, the positive operating results of AUB were underpinned by prudent risk taking, effective asset and liability management and judicious cost controls. Net interest income (NII) grew by 1.7% from US$ 814.7 million to US$ 828.2 million. The NII increase was achieved through a prudent re-deployment of funds within a conservative and diversified risk framework. Fees, commissions & other income grew by 9.7% (+ US$ 15.4 million) to US$ 173.3 million. As a result, total operating income grew by 5.2% to reach US$ 1,149.0 million (2015: US$ 1,091.9 million). The intelligent cost spend discipline instilled across all AUB Group units was sustained resulting in an improvement of the cost income ratio to 27.8% (2015: 28.3%).

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Ahli United Bank named “Bank of the Year – Middle East 2016” by ‘The Banker’
Ahli United Bank (AUB) has been recognised as “Bank of The Year - Middle East 2016” by The Banker, the world’s longest running international banking magazine and member of the Financial Times Group. This represents the second time that AUB has received this prestigious award.

The announcement was made at the official ‘Bank of the Year Awards 2016’ gala event, held recently in London and attended by senior bankers from around the world.

Aimed at rewarding and promoting industry wide excellence in the global banking community, the award’s judging panel noted that AUB has “made the most progress over the past 12 months; not only in terms of the bank’s strong financials, but also in the wide range of initiatives which the bank undertook during this period”.

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Proud to be the first ever private sector winner of HRH Shaikha Sabeeka Bint Ebrahim Award for Empowering Bahrain Women

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Best Bank Award 2016

Awards for Excellence 2016

Bank of the Year 2016

Global Private Banking Awards 2016



Annual Report 2015


 
Consolidated Financial Statements
(English)


Consolidated Financial Statements, Year ended 31 December 2016 (Audited)
(English PDF 111 KB)
 
Consolidated Financial Statements
(Arabic)


Consolidated Financial Statements, Year ended 31 December 2016 (Audited)
(Arabic PDF 423 KB)