Fact Sheet

Regulator:

Central Bank of Bahrain

Financial Institutions:

0
(December 2022)

Financial Sector Workforce:

Total Workforce 13,697 (2021)
Bahraini nationals 9,402 (69%)
Foreign nationals 4,295 (31%)

Key Economic Indicators:

GDP (Current) US$38.9 billion (2021)
Growth 11.9% (2021)
GDP (Constant) US$33.6 billion (2021)
Growth 2.2% (2021)
Financial Sector contribution to GDP 17.7% (2021)
Sovereign Rating B+ (S&P November 2022) with a stable outlook

B+ (Fitch December 2022) with a stable outlook

Population 1,504,365 (2021)

Banking Sector:

Assets US$222.2 billion (November 2022)
Total No. of Banks 86 (December 2022)
Retail banks 30 (December 2022)
Locally incorporated 13
Branches of foreign banks 17
Wholesale Banks 56
Representative Offices (Banks) 8
Bank Society 1
Islamic Banks (included in above):
No. of banks 14 (December 2022)
Assets US$36.4 billion (November 2022)

Insurance Sector:

 

Total No. of Insurance Companies & Organisations
Authorised in Bahrain 138 (December 2022)* excluding Appointed Representative
Domestic Market
Gross premiums US$ 545,063,829.7 (September 2022)
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 32
Insurance Consultants 3
Insurance Managers 3
Representative Offices 2
Registered Loss Adjusters 13
Registered Actuaries 30
Insurance Ancillary Services 6
Insurance Pools & Syndicates 2
Insurance Society 1
Insurance Licensees Restricted: 15
– Insurance Firms restricted: 9
– Insurance Brokers restricted: 4
– Insurance Consultants restricted: 2
Insurance Appointed Representative 84
– Corporate 31
– Individual 53

 

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 1745 (December 2022)
NAV US$11.502 billion (September 2022)
Locally Incoporated (CIUs)  55
– Conventional-CIU  30
– Islamic-CIU  25
Locally Incorporated (PIUs)  12
– Conventional-PIU  7
– Islamic-PIU  5
– Islamic Funds (both local and overseas)  105
Foreign Funds-Offshore 1660 (December 2022)
NAV for Local Funds (CIUs and PIUs) US$5.473 billion (September 2022)
NAV for Offshore Funds US$6.029 billion (September 2022)
NAV for Islamic Funds (Local and Offshore) US$1.138 billion (September 2022)

 

Capital Market:

Market Capitalisation US$ 30.3 billion (December 2022)
Listed Companies 42
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 3

 

 

 

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