Regulator:
Fact Sheet
Central Bank of Bahrain
Financial Institutions:
0
(December 2023)
Financial Sector Workforce:
| Total Workforce | 14,362 (2023) |
| Bahraini nationals | 9,995 (70%) |
| Foreign nationals | 4,367 (30%) |
Key Economic Indicators:
| GDP (Current) | US$44.4 billion (2022) |
| Growth | 12.9% (2022) |
| GDP (Constant) | US$35.5 billion (2022) |
| Growth | 4.9% (2022) |
| Contribution of financial corporations to GDP in constant prices | 17.3% (2022) |
| Sovereign Rating | B+ (S&P November 2023) with a positive outlook
B+ (Fitch July 2023) with a stable outlook |
| Population | 1,557,182 (2022) |
Banking Sector:
| Assets | US$238.5 billion (December 2023) |
| Total No. of Banks | 84 (December 2023) |
| Retail banks | 30 (December 2023) |
| Locally incorporated retail banks | 13 |
| Branches of foreign retail banks | 17 |
| Wholesale Banks | 54 |
| Representative Offices (Banks) | 7 |
| Bank Society | 1 |
| Islamic Banks (included in above): | |
| No. of banks | 15 (December 2023) |
| Assets | US$38.2 billion (December 2023) |
Insurance Sector:
| Total No. of Insurance Companies & Organisations | |
| Authorised in Bahrain | 141 (December 2023)* excluding Appointed Representative |
| Domestic Market | |
| Gross premiums | BHD 217,460,000 (US$ 578,226,499.1) (September 2023) |
| No. of Insurance Firms | 31 |
| – Locally Incorporated Insurance, Reinsurance Firms | 21 |
| – Insurance & Reinsurance Firms (included above, in Locally Incorporated) | 14 |
| — Takaful & Retakaful Firms (included above, in Locally Incorporated) | 6 |
| — Captives (included above, in Locally Incorporated) | 1 |
| – Overseas Insurance Firms | 10 |
| Insurance Brokers | 33 |
| Insurance Consultants | 4 |
| Insurance Managers | 3 |
| Representative Offices | 2 |
| Registered Loss Adjusters | 14 |
| Registered Actuaries | 32 |
| Insurance Ancillary Services | 6 |
| Insurance Pools & Syndicates | 2 |
| Insurance Society | 1 |
| Insurance Licensees Restricted: | 13 |
| – Insurance Firms restricted: | 9 |
| – Insurance Brokers restricted: | 3 |
| – Insurance Consultants restricted: | 1 |
| Insurance Appointed Representative | 94 |
| – Corporate | 33 |
| – Individual | 61 |
Investment Business Firms:
| No. of Investment Business firms | 49 (December 2022) |
Specialised Licensees:
| Total no. of institutions | 81 (December 2022) |
| Money Changers | 18 |
| Fund Administrators License | 4 |
| Financing Companies | 7 |
| Microfinance Institution | 2 |
| Trust Service Providers | 4 |
| Ancillary Service Providers | 30 |
| Registered Professional Body | 1 |
| Representative Offices | 14 |
Funds Industry:
| Authorised Funds | 1699 (March 2024) |
| NAV | US$11.326 billion (December 2023) |
| Locally Incoporated (CIUs) | 51 |
| – Conventional-CIU | 27 |
| – Islamic-CIU | 24 |
| Locally Incorporated (PIUs) | 10 |
| – Conventional-PIU | 6 |
| – Islamic-PIU | 4 |
| – Islamic Funds (both local and overseas) | 129 |
| Foreign Funds-Offshore | 1638 (March 2024) |
| NAV for Local Funds (CIUs and PIUs) | US$4.309 billion (December 2023) |
| NAV for Offshore Funds | US$7.017 billion (December 2023) |
| NAV for Islamic Funds (Local and Offshore) | US$1.805 billion (December 2023) |
Capital Market:
| Market Capitalisation | US$ 20.6 billion (December 2023) |
| Listed Companies | 41 |
| Licensed Exchanges | 1 |
| Licensed Clearing, Settlement and Central Depository Systems | 1 |
| Licensed Securities Broker-Dealers | 1 |
| Licensed Securities Brokers | 2 |
| Other Members of Licensed Exchanges | 6 |
| Licensed Crypto-Asset Services | 5 |