Fact Sheet

Regulator:

Central Bank of Bahrain

Financial Institutions:

0
(April 2019)

Financial Sector Workforce:

Total Workforce14,093 (2017)
Bahraini nationals9,248 (66%)
Foreign nationals4,845 (34%)

Key Economic Indicators:

GDP (Current)US$35.4 billion (2017)
Growth9.9% (2017)
GDP (Constant)US$33.1 billion (2017)
Growth3.8% (2017)
Financial Sector contribution to GDP16.7%
Sovereign RatingB+ (S&P December 2018) with Stable Outlook

BB- (Fitch March 2018) with Stable Outlook

Population1,503,091 (2018)

Banking Sector:

AssetsUS$192.1 billion (November 2018)
No. of institutions382 (December 2018)
Total No. of Banks98 (December 2018)
Retail banks30 (December 2018)
Locally incorporated14
Branches of foreign banks16
Wholesale Banks68
Representative Offices (Banks)7
Bank Society1
Islamic Banks (included in above):
No. of banks21 (December 2018)
AssetsUS$27.8 billion (November 2018)

Insurance Sector:

Total No. of Insurance Companies & Organisations
Authorised in Bahrain144 (January 2018)* excluding Appointed Representative
Domestic Market
Gross premiumsUS$723,649 million (December 2015)
No. of Insurance Firms36
– Locally Incorporated Insurance Firms24
— Takaful & Retakaful Firms (included above)8
— Captives (locally incorporated, included above)1
– Overseas Insurance Firms12
Insurance Brokers32
Insurance Consultants4
Insurance Managers4
Representative Offices4
Registered Loss Adjusters12
Registered Actuaries29
Insurance Ancillary Services7
Insurance Pools & Syndicates2
Insurance Society1
Insurance Licensees Restricted:25
– Insurance Firms restricted:19
– Insurance Brokers restricted:4
– Insurance Consultants restricted:2
Insurance Appointed Representative26
– Corporate14
– Individual12

Investment Business Firms:

Total no. of institutions 59 (January 2018)
No. of Investment Business firms 52 (January 2018)
Representative Offices 6
Bahrain Asset Manager Association 1

Specialised Licensees:

Total no. of institutions 53 (January 2018)
Money Changers 19
Fund Administrators License3
Registered Administrators 1
Financing Companies 6
Microfinance Institution 2
Trust Service Providers 3
Ancillary Service Providers 18
Registered Professional Body 1

Funds Industry:

 

Authorised Funds 2,136 (October 2019)
NAV US$7.764 billion (June 2019)
Locally Incoporated (CIUs) 63
– Conventional-CIU 38
– Islamic-CIU 25
Locally Incorporated (PIUs) 11
– Conventional-PIU 7
– Islamic-PIU 4
– Islamic Funds (both local and overseas) 74
Foreign Funds-Offshore 2,062 (October 2019)
NAV for Local Funds (CIUs and PIUs) US$3.273 billion (June 2019)
NAV for Offshore Funds US$4.493 billion (June 2019)
NAV for Islamic Funds (Local and Offshore) US$1.173 billion (June 2019)

 

Capital Market:

Market Capitalisation US$ 21,746,765,081 (December 31, 2018)
No. of firms 13 (December 31, 2018)
Licensed Exchanges 1
Licensed Clearing, Settlement and Central Depository Systems 1
Licensed Securities Brokers 3
Licensed Securities Clearing Member 0
Licensed Securities Broker Dealers 1
Other Members of Licensed Exchanges 7

 

 

 

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