38. Bank of Bahrain and Kuwait (BBK)
Country: Bahrain
Group CEO: Abdulrahman Ali Saif
Market value: $2.32 billion
BBK operates through its branches in Bahrain, Kuwait, and India. It also engages in credit card operations and business process outsourcing services through its subsidiaries, CrediMax and Invita. In July 2022, Al Salam Bank acquired Ithmaar holding group’s 26.19% stake in BBK. In November 2022, the bank signed a partnership agreement with Eskan Bank to provide housing loans to Bahrainis eligible to benefit from the housing finance program, Mazaya. BBK’s recorded net profits of $172.8 million in 2022, an increase of 21.5% compared to 2021.