Central Bank of Bahrain
  

Fact Sheet

Regulator:

Central Bank of Bahrain

Financial Institutions:

406 (April 2014)

Financial Sector Workforce:

14,009 (2012)

   
   

Bahraini nationals 9,253 (66%)
Foreign nationals 4,756 (34%)

 

Key Economic Indicators:

 

GDP (Current) US$32.8 billion (2013)
    Growth 6.8% (2013)
GDP (Constant) US$28.6 billion (2013)
    Growth 5.5% (2013)
Financial Sector contribution to GDP 16.7%
Sovereign rating:
    BBB  (S&P December 2013) with Stabile Outlook
    BBB (Fitch December 2013) with Stable Outlook
Population 1,195,020 (2011)

   

Banking Sector:

 

Assets US$193.3 billion (July 2014)
No. of institutions 124 (July 2014)
Retail banks 28
    Locally incorporated 13
    Branches of foreign banks 15
Wholesale banks 77
Representative Offices 19

Islamic Banks (included in above)
    No. of banks 24 (July 2014)
    Islamic Banks Assets US$24.6 billion (July 2014)

   

Insurance Sector:

 

Total No. of Insurance Companies & Organisations
Authorised in Bahrain 152 (Apr 2014
) * excluding Appointed Representative
Domestic market
Gross premiums US$531 million (September 2013)
No. of insurance firms 36
    Locally incorporated insurance firms 25
        Takaful & Retakaful Firms (included above) 8
        Captives (locally incorporated, included above) 1
    Overseas insurance firms 11
Insurance Brokers 31
Insurance Consultants 5
Insurance Managers 3
Representative Offices 5
Registered Loss Adjusters 11
Registered Actuaries 23
Insurance Ancillary Services 6
Insurance Pools & Syndicates 2
Insurance Society 1
Insurance Licensees Restricted: 29
    Insurance Firms restricted: 23
    Insurance Brokers restricted: 4
    Insurance Consultants restricted: 2
Insurance Appointed Representative 16
    Corporate 11
    Individual 5

 

Investment Business Firms:

 

Total no. of institutions 61 (Apr 2014)

No. of Investment Business firms 52 (Apr 2014)

Representative Offices 8

Bahrain Asset Manager Association 1

   

Specialised Licensees:

 

Total no. of institutions 48 (Apr 2014)
Money Changers 18

Fund Administrators License 3

Registered Administrators 1

Financing Companies 8

Microfinance Institution 2

Trust Service Providers 3

Ancillary services 12

Registered Professional Body 1

   

Capital Market:

 

Market Capitalisation US$21.5 billion (Apr 2014)

No. of firms 28 (Apr 2014)

Licensed Exchanges 2

Licensed Clearing, Settlement and Central Depository Systems 1

Licensed Securities Brokers 4

Licensed Securities Dealers 1

Licensed Securities Clearing Member 7

Licensed Securities Broker Dealers 13

   

Funds Industry:

 

Authorised Funds 2,827 (Apr 2014)
    NAV US$6.87 billion (Dec 2013
)
        Local Funds (CIUs) 92
    NAV US$3.9 billion (Dec 2013)
Conventional-Local 51
    Islamic-Local 41

    Locally Incorporated (PIUs) 2
Foreign Funds-Offshore 2,733 (Apr 2014
)

   

 

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