Redefining the future of banking through
digital transformation, embracing state-of-the-art
technology,
providing performance excellence
in every part of the customer journey

Group Mission Statement

To create an unrivalled ability to meet customer needs, provide fulfillment and development for our staff and deliver outstanding shareholder value.

aub vision & strategy

  • Develop an integrated pan regional financial services group model centered on commercial & retail banking, private banking, asset management and life insurance with an enhanced Shari’a compliant business contribution.
  • Acquire banks and related regulated financial institutions in the Gulf countries (core markets) with minimum targeted 10% market share to be achieved through mergers, acquisitions and organic growth.
  • Acquire complementary banking platforms in secondary markets enjoying strong cross border business flows with Gulf countries or with economic structures similar to the Gulf countries.

objectives

  • to maximise shareholder value on a sustainable basis.
  • to maintain the highest international standards of corporate governance and regulatory compliance.
  • to maintain solid capital adequacy and liquidity ratios.
  • to entrench a disciplined risk and cost management culture.
  • to develop a cross-cultural meritocratic management structure
  • to optimise staff development through business driven training and profit related incentive.
  • to contribute to the social and economic advancement of the communities in which the Group operates.

AUB Operating Divisons

corporate banking Plus Image
This division covers all the Bank’s capital-intensive activities in risk asset generation and funding regionally and internationally.
  • Corporate and Trade Finance
  • Commercial Property Finance
  • Residential Property Finance
  • Acquisition and Structured Finance
  • Correspondent Banking
  • Shari’a Compliant Banking
This division generally includes all the low capital-intensive sectors of the business, offering wealth management services to individuals and institutions based on performance and a balanced product mix.
  • Private Banking and Asset Management
  • Real Estate Fund Management
  • Shari’a Compliant Banking
This division covers both conventional and Shari’a Compliant individual customers’ deposits, loans, overdrafts, credit cards and residential mortgages.
This division provides money market, trading and treasury services and is also responsible for the management of the Group’s funding.
  • Money Market Services
  • Foreign Exchange Services
  • Hedging and Trading Solutions
  • Structured Products
  • Investment Management
  • Shari’a Compliant Treasury Products
This division is responsible for the identification, assessment and ongoing control of all material risks that could affect the Group’s business & operations.
  • Risk Management
  • Legal
  • Compliance
This division is an integral part of the control environment of the Group. The role of audit is to understand the key risks of the Bank and examine and evaluate the adequacy and effectiveness of the system of risk management and internal control in order to identify legal, regulatory or policy shortcomings.
These divisions provide back end banking services to support ongoing business activities of the Group, as well as supporting the Group’s expansion through mergers and acquisitions.
  • Finance
  • Strategic Development
  • Information Technology
  • Operations
  • Services
  • Human Resources
corporate banking
This division covers all the Bank’s capital-intensive activities in risk asset generation and funding regionally and internationally.
  • Corporate and Trade Finance
  • Commercial Property Finance
  • Residential Property Finance
  • Acquisition and Structured Finance
  • Correspondent Banking
  • Shari’a Compliant Banking
private banking & wealth management
This division generally includes all the low capital-intensive sectors of the business, offering wealth management services to individuals and institutions based on performance and a balanced product mix.
  • Private Banking and Asset Management
  • Real Estate Fund Management
  • Shari’a Compliant Banking
retail banking
This division covers both conventional and Shari’a Compliant individual customers’ deposits, loans, overdrafts, credit cards and residential mortgages.
treasury and investments
This division provides money market, trading and treasury services and is also responsible for the management of the Group’s funding.
  • Money Market Services
  • Foreign Exchange Services
  • Hedging and Trading Solutions
  • Structured Products
  • Investment Management
  • Shari’a Compliant Treasury Products
risk management
This division is responsible for the identification, assessment and ongoing control of all material risks that could affect the Group’s business & operations.
  • Risk Management
  • Legal
  • Compliance
audit
This division is an integral part of the control environment of the Group. The role of audit is to understand the key risks of the Bank and examine and evaluate the adequacy and effectiveness of the system of risk management and internal control in order to identify legal, regulatory or policy shortcomings.
support services
These divisions provide back end banking services to support ongoing business activities of the Group, as well as supporting the Group’s expansion through mergers and acquisitions.
  • Finance
  • Strategic Development
  • Information Technology
  • Operations
  • Services
  • Human Resources

Board of Directors’ Report

The Directors of Ahli United Bank B.S.C. (“AUB” or the “Bank”) are pleased to submit the Annual Report and the accompanying consolidated Financial Statements for the year ended 31 December 2020.

General Operating Environment

During the year 2020, the global economy faced a crisis at a scale not witnessed before. This was triggered by the Covid-19 pandemic which caused widespread and continuing disruption to business and economic activities as governments around the world imposed strict protocols including lockdown measures to control the spread of the virus. The unprecedented public health situation together with the above measures resulted in the estimated decline of global GDP by 4.3% during the year, as per the World Bank, compared to a growth of 2.3% in 2019.

Chairman
Quote Image Despite the decline in profitability, AUB performed better than most of its peer group, as its well-managed business model held up. Quote Image

Chairman’s Statement

On behalf of the Board of Directors, I am pleased to report on Ahli United Bank’s performance in 2020.

The entire year was deeply impacted by the coronavirus pandemic, which saw the global economy contract by 4.3%. Almost every business sector felt the effect as Covid-19 escalated into all continents and populations. Sadly, significant loss of life resulted, with economic and commercial activity likely to continue to struggle in many quarters for the balance of 2021. In the MENA region, GDP shrank by 5% with the dual effect of Covid-19 and of low and volatile oil prices, with a sharp fall in oil demand impacting government spending power and market confidence

In financial terms, the AUB Group consolidated net profit declined to US$ 452.2 million in 2020, a drop of 38.1% compared with US$ 730.5 million in 2019. Apart from the weak business environment due to the coronavirus and oil price fluctuations, net interest income fell in 2020, driven by the steep decline in the US dollar benchmark interest rates, triggered by the Fed and emulated by similar interest rate movements in all of AUB’s key markets. Prudent and precautionary asset provisioning actions were taken in expectation of the ongoing effects of the pandemic on businesses generally

Chairman
Quote Image During 2020, AUB Group invested significantly in its operational and technical capabilities in providing ease of access to its clients to conduct their business needs securely on a remote basis. Quote Image

Group Chief Executive Officer & Managing Director’s Statement

The year 2020 was dominated by the emergence of the Covid-19 pandemic. This once-in-a-generation event impacted every business around the globe, including the financial industry. I am pleased to report that against that exceptional backdrop, the AUB Group performed well vis a vis its regional and international peers.

The group net profit of US$ 452.2 million versus US$ 730.5 million in 2019 included prudent, precautionary impairment provisioning for the expected difficult after-effects of the pandemic as businesses across the board in every jurisdiction adjust to the post virus economic and operational realities. Added downward pressure from a much weaker absolute interest rate environment and a drop in oil prices also contributed to the restrained earnings figure.

The underlying solid foundation of AUB’s multi country network and businesses served it well as lower economic activity affected income levels generated from trade finance, asset management and other income generating sources of fees and commissions.

Contact Us

AHLI UNITED BANK B.S.C. Plus Image
Bldg. 2495, Road 2832, Al Seef District 428,
P.O. Box 2424, Manama
Kingdom of Bahrain

Telephone: +973 17 585 858
Facsimile: +973 17 580 569
Email: info@ahliunited.com
www.ahliunited.com
35 Portman Square, London W1H 6LR
United Kingdom

Telephone: +44 (0) 20 7487 6500
Facsimile: +44 (0) 20 7487 6808
Email: info.aubuk@ahliunited.com
www.ahliunited.com
P.O. Box 71 Safat , 12168, Kuwait

Telephone: +965 1802000
Facsimile: +965 22461430
Customer Service: +965 1812000 / +965 22467711
Email: Hayakom@ahliunited.com
www.ahliunited.com.kw
1402 Al Fattan Currency House
Tower 2, 14th floor, P.O. Box 507055
DIFC, Dubai, UAE

Telephone: +971 4 563 8777
Facsimile: +971 4 563 8780
Email: aubl.info@ahliunited.com
www.ahliunited.com
Al Sadoon Street, Baghdad, Iraq

Telephone: +964 7830164484
Telephone: +964 7818834366
Email: cb.iraq@cbiq.com.iq
www.ahliunited.com
81 El-Tesseen Street
Sector A, Fifth Settlement
Cairo, Egypt

Telephone: +20 2 22499500 / +20 2 22499900 / +20 2 22499700
Facsimile: +20 2 26135160
Email: egypt.callcenter@ahliunited.com
www.ahliunited.com
Gumhouria Street - Mansoura District
Tripoli, Libya

Telephone: +218 213345602/3
Facsimile: +218 0213345601
Email: info@ubci-libya.com
www.ubci-libya.com
17th Floor, Office 1701/1702, Bldg 470, Road 1010
Sanabis 410, P.O.Box 5832, Manama
Kingdom of Bahrain

Telephone: +973 17 589 800
www.alhilal.life
AHLI UNITED BANK B.S.C.
Bldg. 2495, Road 2832,
Al Seef District 428
P.O. Box 2424, Manama
Kingdom of Bahrain

Telephone: +973 17 585 858
Facsimile: +973 17 580 569
AHLI UNITED BANK (UK) PLC
35 Portman Square, London W1H 6LR
United Kingdom

Telephone: +44 (0) 20 7487 6500
Facsimile: +44 (0) 20 7487 6808
AHLI UNITED BANK K.S.C.P.
P.O. Box 71 Safat , 12168, Kuwait

Telephone: +965 1802000
Facsimile: +965 22461430
Customer Service: +965 1812000 / +965 22467711
AHLI UNITED BANK B.S.C. (DIFC BRANCH)
1402 Al Fattan Currency House
Tower 2, 14th floor, P.O. Box 507055
DIFC, Dubai, UAE

Telephone: +971 4 563 8777
Facsimile: +971 4 563 8780
COMMERCIAL BANK OF IRAQ P.S.C.
Al Sadoon Street, Baghdad, Iraq

Telephone: +964 7830164484
Telephone: +964 7818834366
AHLI UNITED BANK (EGYPT) S.A.E.
81 El-Tesseen Street
Sector A, Fifth Settlement
Cairo, Egypt

Telephone: +20 2 22499500 / +20 2 22499900 / +20 2 22499700
Facsimile: +20 2 26135160
UNITED BANK FOR COMMERCE & INVESTMENT S.A.L.
Gumhouria Street - Mansoura District
Tripoli, Libya

Telephone: +218 213345602/3
Facsimile: +218 0213345601
AL HILAL LIFE B.S.C. (C)
17th Floor, Office 1701/1702,
Bldg 470, Road 1010 Sanabis 410,
P.O.Box 5832, Manama
Kingdom of Bahrain

Telephone: +973 17 589 800