Fact Sheet

Regulator:

Central Bank of Bahrain

Financial Institutions:

0
(January 2020)

Financial Sector Workforce:

Total Workforce 14,095 (2019)
Bahraini nationals 9,430 (67%)
Foreign nationals 4,665 (33%)

Key Economic Indicators:

GDP (Current) US$38.5 billion (2019)
Growth 2.2% (2019)
GDP (Constant) US$34.4 billion (2019)
Growth 2.0% (2019)
Financial Sector contribution to GDP 16.1% (2019)
Sovereign Rating B+ (S&P March 2020) with Stable Outlook

B+ (Fitch August 2020) with Stable Outlook

Population 1,483,756 (2019)

Banking Sector:

Assets US$202.8 billion (November 2020)
Total No. of Banks 91 (December 2020)
Retail banks 30 (December 2020)
Locally incorporated 13
Branches of foreign banks 17
Wholesale Banks 61
Representative Offices (Banks) 8
Bank Society 1
Islamic Banks (included in above):
No. of banks 18 (December 2020)
Assets US$31.2 billion (November 2020)

Insurance Sector:

Total No. of Insurance Companies & Organisations
Authorised in Bahrain 147 (February 2020)* excluding Appointed Representative
Domestic Market
Gross premiums US$755 million (December 2018)
No. of Insurance Firms 35
– Locally Incorporated Insurance Firms 23
— Takaful & Retakaful Firms (included above, in Locally Incorporated) 8
— Captives (included above, in Locally Incorporated) 1
– Overseas Insurance Firms 12
Insurance Brokers 34
Insurance Consultants 3
Insurance Managers 4
Representative Offices 2
Registered Loss Adjusters 12
Registered Actuaries 30
Insurance Ancillary Services 7
Insurance Pools & Syndicates 2
Insurance Society 1
Insurance Licensees Restricted: 17
– Insurance Firms restricted: 11
– Insurance Brokers restricted: 4
– Insurance Consultants restricted: 2
Insurance Appointed Representative 64
– Corporate 23
– Individual 41

Investment Business Firms:

Total no. of institutions  59 (January 2020)
No. of Investment Business firms  52 (January 2020)

Specialised Licensees:

Total no. of institutions  53 (January 2020)
Money Changers  19
Fund Administrators License 3
Registered Administrators  1
Financing Companies  6
Microfinance Institution  2
Trust Service Providers  3
Ancillary Service Providers  18
Registered Professional Body  1
Representative Offices  6
Bahrain Asset Manager Association  1

Funds Industry:

 

Authorised Funds 1738 (May 2021)
NAV US$9.683 billion (Mar 2021)
Locally Incoporated (CIUs)  61
– Conventional-CIU  36
– Islamic-CIU  25
Locally Incorporated (PIUs)  12
– Conventional-PIU  7
– Islamic-PIU  5
– Islamic Funds (both local and overseas)  82
Foreign Funds-Offshore 1,665 (May 2021)
NAV for Local Funds (CIUs and PIUs) US$5.515 billion (Mar 2021)
NAV for Offshore Funds US$4.168 billion (Mar 2021)
NAV for Islamic Funds (Local and Offshore) US$1.100 billion (Mar 2021)

 

Capital Market:

Market Capitalisation US$ 27,730,894,344 (February 2020)
Listed Companies 44
Licensed Exchanges 1
Licensed Clearing, Settlement and Central Depository Systems 1
Licensed Securities Broker-Dealers 2
Licensed Securities Brokers 3
Other Members of Licensed Exchanges 7
Licensed Crypto-Asset Services 1

 

 

 

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