Peace Bank has been named 'Bank of the Year 2025 in Bahrain' by The Banker magazine. This accolade follows a meticulous five-month evaluation process that included over 1,000 applications from leading financial institutions worldwide. The magazine selects only one winner per country annually, reflecting the high prestige and intense competition of this recognition. The bank's achievement comes as it concludes 2025 on a notable upward trajectory, having achieved a 37.5% growth in net profit attributable to shareholders for the nine-month period ending September 30, 2025, marking four consecutive years of solid financial performance and operational resilience. 'As we continue our regional expansion and enhance our digital and AI-powered capabilities, our commitment to achieving sustainable growth and creating long-term value remains steadfast,' the statement read. Over the past four years, the bank has demonstrated significant growth in total assets, which have nearly tripled, increasing from $7.12 billion to $21.51 billion, driven by disciplined execution and sustainable growth in core banking activities and the successful transformation of its business model into a more diversified and regionally competitive one. Rafeq Al-Naees, Group CEO of ASB Bank and Member of the Board of ASB Capital, said: 'Being honored as Bank of the Year 2025 in Bahrain by The Banker magazine underscores the strength of our strategy and our steadfast approach to growth by offering smart banking services designed to ensure a seamless customer experience. This recognition reflects the dedication of our teams and the increasing trust our customers place in us.' Peace Bank secured the 'Bank of the Year 2025 in Bahrain' award from The Banker, part of the Financial Times group.
