Al Salam Bank recognised as “Bank of the Year”

TDT | Manama                                                

The Daily Tribune – www.newsofbahrain.com     

Al Salam Bank has been named “Bank of the Year - Bahrain” at The Banker Awards 2022, recognising commitment to service excellence, diverse portfolio of innovative banking products, and significant contributions to the financial industry and national economy.

The prestigious award also honours Al Salam Bank’s completion of the US$2.2 billion transaction with Ithmaar Holding, which includes acquisition of Ithmaar Bank’s consumer banking business.

The award also acknowledges Al Salam’s environmental, social, and governance (ESG) operational framework, aligning with global best practices and contributing to Bahrain’s net-zero targets while accelerating its digital transformation initiatives.

Rafik Nayed, Group Chief Executive Officer of Al Salam Bank, said, “Our strong financial performance during 2022 allowed us to stay focused on achieving our growth objectives despite macroeconomic headwinds.”

The Banker Awards ceremony took place in December 2022 in London, United Kingdom, honoring global banking pioneers. Owned by The Financial Times Ltd, The Banker Magazine is the world’s premier source of data and analysis for the banking and financial sectors.