A global financial publication has selected National Bank of Bahrain (NBB) as the top financial institution in Bahrain for 2003. In its latest issue, Global Finance magazine has named the Best Emerging Market Banks in the Middle East and Africa. By country, NBB was named as the ‘Best Bank in Bahrain.’
This is the tenth year that the magazine has selected top banking performers in emerging markets. “The Best Emerging Markets Banks” survey is based on extensive analysis throughout the emerging market economies and world money centers.
NBB Managing Director, Hassan Ali Juma said: “The growth in our core business, revival of investment advisory activities and good performance by Treasury in foreign exchange, money markets and international capital markets, enabled the Bank to maintain its growth momentum in 2002.”
NBB was established in 1957 as the first indigenous bank in Bahrain. With a nation-wide network of 25 branches, 38 ATMs and over 2,500 Point of Sale terminals, NBB reported a record net profit of $ 51.2 million, capital adequacy of 33.9 percent and total assets amounting to $ 1.1 million.
Global Finance has previously awarded its “Best Domestic Bank in Bahrain” award to National Bank of Bahrain in 2000. The magazine has 50,000 subscribers and more than 235,000 readers in more than 160 countries. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
