Fact Sheet

Regulator:

Central Bank of Bahrain

Financial Institutions:

398 (September 2017)

Financial Sector Workforce:

13,887 (2015)

   
   

Bahraini nationals 9,049 (65%)
Foreign nationals 4,838 (35%)

 

Key Economic Indicators:

 

GDP (Current) US$31.1 billion (2015)
Growth - 6.8% (2015)
GDP (Constant) US$30.8 billion (2015)
Growth 2.9% (2015)
Financial Sector contribution to GDP 17.2%
Sovereign Rating
      BB- (S&P December 2016) with Stable Outlook
      BB+ (Fitch June 2016) with Stable Outlook
Population 1,314,562 (2014)

   

Banking Sector:

 

Assets US$192.7 billion (September 2016)
No. of institutions 112 (September 2017) 
Retail banks 29
Locally incorporated 13
Branches of foreign banks 16
Wholesale Banks 74
Representative Offices 8

Bank Society 1
Islamic Banks (included in above):
No. of banks 24 (September 2017)
Assets US$25.7 billion (September 2016)

   

Insurance Sector:

 

Total No. of Insurance Companies & Organisations
Authorised in Bahrain 153 (September 2017)* excluding Appointed Representative

Domestic Market
Gross premiums US$723,649 million (December 2015)
No. of Insurance Firms 36
   Locally Incorporated Insurance Firms 24
         Takaful & Retakaful Firms (included above) 8
         Captives (locally incorporated, included above) 1
   Overseas Insurance Firms 12
Insurance Brokers 31
Insurance Consultants 4
Insurance Managers 4
Representative Offices 4
Registered Loss Adjusters 12
Registered Actuaries 28
Insurance Ancillary Services 6
Insurance Pools & Syndicates 2
Insurance Society 1
Insurance Licensees Restricted: 25
     Insurance Firms restricted: 19
     Insurance Brokers restricted: 4
     Insurance Consultants restricted: 2
Insurance Appointed Representative 26
     Corporate 15
     Individual 11

 

Investment Business Firms:

 

Total no. of institutions 59 (September 2017)

No. of Investment Business firms 53 (September 2017)

Representative Offices 5

Bahrain Asset Manager Association 1

   

Specialised Licensees:

 

Total no. of institutions 54 (September 2017)
Money Changers 19

Fund Administrators License 3

Registered Administrators 1

Financing Companies 7

Microfinance Institution 2

Trust Service Providers 3

Ancillary Service Providers 18

Registered Professional Body 1

   

Capital Market:

 

Market Capitalisation US$ 17,449,985,291 (April 2016) 

No. of firms 20 (September  2017)

Licensed Exchanges 2

Licensed Clearing, Settlement and Central Depository Systems 2

Licensed Securities Brokers 4

Licensed Securities Clearing Member 3

Licensed Securities Broker Dealers 9

   

Funds Industry:

 

Authorised Funds 2,303 (October 2017)
NAV US$7.671 billion (June 2017)

Local Funds (CIUs) 71
Conventional-Local 42
Islamic-Local 29

Locally Incorporated (PIUs) 11

Conventional-PIU 7

Islamic-PIU 4
Foreign Funds-Offshore 2,221 (October 2017)

NAV for Local Funds (CIUs and PIUs) US$3.400 billion (June 2017)

NAV for Offshore Funds US$4.271 billion (June 2017)

NAV for Islamic Funds (Local and Offshore) US$1.209 billion (June 2017)

   

 



published on: 11 Apr 17