Al Salam Bank has marked its 20th anniversary, celebrating two decades of steady growth, market leadership, and innovation within Bahrain’s financial sector. Since opening its doors on 19 January 2006, the bank has grown from a new market entrant into Bahrain’s largest and fastest-growing financial institution, built on a clear long-term vision and consistent execution.
Over the years, Al Salam Bank has remained at the forefront of the banking industry by focusing on consolidation, digital advancement, and diversified asset management. Early milestones played a major role in shaping its trajectory, starting with a landmark initial public offering in 2006, followed by key acquisitions such as Bahrain Saudi Bank in 2009 and BMI Bank in 2014. These moves positioned the bank as a leading player during a period of regional banking consolidation.
A major shift came in 2018, when the bank launched a wide-ranging transformation strategy designed to drive large-scale growth. By strengthening its digital capabilities, expanding its asset base, and pursuing targeted acquisitions, Al Salam Bank significantly increased its customer base and market presence. This strategy led to the acquisition of Ithmaar Bank’s consumer banking portfolio in 2022 and Kuwait Finance House Bahrain in 2024, further reinforcing its position in the local banking landscape.
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