Bahrain-based leading retail banking company, Ahli United Bank (AUB) has been recognized as the ‘Best Private Bank in Bahrain and Kuwait for 2021’ by the financial publications Professional Wealth Management (PWM) and The Banker.
The award recognizes the bank’s ability to reposition for the digital world while retaining good customer relationships during the challenging circumstances of COVID 19.
Despite market upheaval and volatility in recent times, the bank has continued to achieve tremendous growth, according to the statement.
“We are honored to be recognized by two of the world’s most prominent private banking-focussed publications. Thanks to a devoted team, our private banking unit has been successfully navigating the COVID-19 turbulence and yielding best-in-class returns for our clientele. This resilience and continued growth are a product of a pre-pandemic long-term strategy designed to weather the inevitable storms that are sure to occur from time to time.”
AUB’s unrelenting foray into extensive digitalization of its services, which is the main pillar of its larger digital transformation strategy, was lauded in particular during the awards ceremony.
“2021 has been a defining moment for private banks. The initial intensity and uncertainty of the global pandemic has given way to a new economic and business environment: an environment where digital excellence and first-class customer service are expected, even demanded,” noted PWM and The Banker.
Recently, Ahli United Bank has been awarded two US Dollar clearing Elite Quality Recognition Awards by JP Morgan.
In September, Bahrain’s stock exchange Bahrain Bourse declared Ahli United Bank as a Gold Sponsor for the 4th Edition of its national awareness program “Smart Investor”.