The banking system in Bahrain consists of conventional and Islamic financial institutions including 29 retail banks, 70 wholesale banks, 2 specialized banks as well as branches and representative offices of foreign banks. The banking industry is regulated by the Central Bank of Bahrain (CBB). The consolidated assets of banking sector exceed US$100 billion. Below is a list of the largest and best banks in Bahrain.

Ahli United Bank

Ahli United Bank (AUB), headquartered in Manama, is the largest bank in Bahrain with total assets of US$39 billion. The company's business segments are retail banking, private banking & wealth management, corporate banking & treasury and Islamic banking. With 3,900 employees, it offers current accounts and savings plans, time deposits, savings certificates, personal and auto loans, credit cards, mortgage and real estate services, investments, offshore and private banking, structured and property finance, trade finance, internet banking and more.

Gulf International Bank

Gulf International Bank B.S.C. (GIB) is the second largest bank in Bahrain by assets. It provides retail and wholesale banking, investment banking, asset management and treasury services. GIB is owned by Public Investment Fund of Saudi Arabia (primary shareholder) and by the governments of GCC countries through Qatar Holding, Kuwait Investment Authority, Bahrain Mumtalakat Holding, Emirates Investment Authority, and State General Reserve Fund (Oman). The Bank’s total assets reached US$31.6 billion as of June 30, 2019.

Arab Banking Corporation

Arab Banking Corporation (known as Bank ABC) is the third largest bank in Bahrain. It provides a broad array of products and services including retail and corporate banking, project & structured finance, syndications, treasury and trade finance services, foreign currency exchange as well as Islamic banking. Retail banking is only provided in the Middle East and North Africa region. As of December 31, 2018, Bank ABC posted total assets of US$29.5 billion, loans of US$14.9 billion, customer deposits of US$16.4 billion and total equity of US$4.3 billion.

Al Baraka

Established in 2002, Al Baraka Banking Group (ABG) is the fourth largest Bahraini banking group with consolidated assets of US$24.640 billion. The company’s shares are listed on the Bahrain and Nasdaq Dubai stock exchanges. With 12,800 employees, it operates through more than 700 branches in the Middle East, Asia and Africa including Bahrain, Jordan, Morocco, Turkey, Algeria, Tunisia, South Africa, Sudan, Pakistan, Lebanon, Egypt, Syria, Iraq, Indonesia, Libya and Saudi Arabia. In September 2018, ABG launched Islamic digital bank in Germany. It would be the main strategy to enter a new continent.

Ithmaar Bank

Founded in 1982, Ithmaar Bank is a trusted Islamic retail bank licensed and regulated by the Central Bank of Bahrain. It operates through 16 commercial branches and provides a diverse range of Sharia-compliant products and services to individuals and institutions. In 2018, Ithmaar Bank and Eazy Financial launched the first biometric payments network in region. The Bank’s consolidated assets totaled US$8.9 billion at June 30, 2018.


BBK (previously known as Bank of Bahrain and Kuwait) is one of the leading commercial banks in the country. As at 31 March 2019, total assets stood at US$8.5 billion and deposits reached US$5.6 billion. It has a presence in Kuwait, UAE, India, Turkey, Saudi Arabia, Oman and the UK. The company was established in 1971 and is headquartered in Manama. BBK’s largest shareholder is Ithmaar Bank which has a 25.4% stake.

National Bank of Bahrain

National Bank of Bahrain (NBB), headquartered in Manama, provides retail, wholesale and investment banking services. It was founded in 1957 and was the first locally owned bank in Bahrain. The company operates through an extensive network consisting of over 25 branches and 60 ATMs, including Abu Dhabi branch and Riyadh branch. NBB’s primary shareholder is Bahrain Mumtalakat Holding, which owned by the Government of Bahrain. As of September 2018, NBB posted total assets of US$7.9 billion, loans of US$3.1 billion and deposits of US$5.5 billion.

Al-Salam Bank

Al Salam Bank-Bahrain (ASBB) is an Islamic financial intuition licensed by the Central Bank of Bahrain. It offers retail and corporate banking, private banking, investment and treasury services in Gulf Cooperation Council countries. Al-Salam is listed on Bahrain Bourse and Dubai Financial Market. The Bank has 10 branches in the Kingdom as well as Seychelles subsidiary (Al Salam Bank-Seychelles Ltd). As of June 2018, ASBB reported total assets of US$4.3 billion.

Bahrain Islamic Bank (BisB)

Incorporated in 1979, it is the first Islamic bank in the country and the fourth in the GCC. For the year ended December 31, 2018, the company's total assets amounted to US$3.4 billion. BisB operates 4 branches, 4 financial malls and over 50 ATMs nationwide.

Khaleeji Commercial Bank

Founded in 2004, Khaleeji Commercial Bank (KHCB) is one of the leading Islamic banks offering unique and innovative products and services to consumers, high net worth individuals, corporates and financial institutions. The company operates mainly from Bahrain and does not have overseas branches. KHCB is listed on Bahrain Stock Exchange and Dubai Financial Market. As of March 2019, the Bank’s total assets reached approximately US$2.7 billion.


With approximately US$23 billion in assets under management (AUM), Investcorp is one of the leading alternative investment groups serving high net worth private and institutional customers. The company employs about 400 staff and maintains offices in London, New York, Bahrain, Singapore, Abu Dhabi, Doha and Riyadh. In 2018, Investcorp acquired over 40% stake in PBS, a Swiss private bank.

United Gulf bank

United Gulf Bank B.S.C. (UGB), founded in 1980, offers investment and corporate banking services, asset management, private equity as well as brokerage and treasury services. UGB’s assets under management totaled approximately US$12.6 billion as of December 2018. United Gulf Holding Company (UGHC) owns 100% shares of the Bank. UGHC is a subsidiary of the KIPCO Group (Kuwait Projects Company Holding), one of the largest investment companies the Middle East and North African region.

List of Retail Foreign Banks in Bahrain

Arab Bank plc
BNP Paribas (France)
Citibank N.A. (USA)
Credit Libanais SAL
First Abu Dhabi Bank - Bahrain Branch
HSBC Bank Middle East Limited
Habib Bank Limited
ICICI Bank Limited
Mashreq Bank psc (UAE)
National Bank of Kuwait
Rafidain Bank
Standard Chartered Bank (UK)
State Bank of India
The Housing Bank for Trade & Finance (Jordan)
United Bank Limited

List of Wholesale Foreign Banks in Bahrain

International Bank for Commerce (Cayman Islands))
BNP Paribas
BOK - International
HDFC Bank Limited
State Bank of India
MUFG Bank, Ltd. (Japan)
Arab Bank plc
Bank of Jordan Company
Cairo Amman Bank
Allied Bank Limited
Askari Bank Limited
Bank Al Habib Limited
Bank Alfalah Limited
Habib Bank Limited
JS Bank Limited
Kuwait Turkish Participation Bank Inc
MCB Bank Limited
National Bank of Pakistan
Palestine Investment Bank
Arab Investment Company (Saudi Arabia)
Arab Petroleum Investments Corporation
Saudi National Commercial Bank
KEB Hana Bank (South Korea)
Woori Bank (South Korea)
Denizbank A.S.
Finansbank A.S.
T.C. Ziraat Bankasi A.S.
Turkiye Halk Bankasi A.S
Turkiye Is Bankasi A.S.
Vakifbank Turkiye Vakiflar Bankasi
Yapi ve Kredi Bankasi A.S.
HSBC Bank Middle East Limited
MashreqBank P.S.C.
Standard Chartered Bank
UBS Global Asset Management (UK)
Citibank N.A.
Citicorp Banking Corp
JPMorgan Chase Bank, N.A.