CBB > Fact Sheet

Fact Sheet

Regulator:

Central Bank of Bahrain

Financial Institutions:

0
(January 2025)

Financial Sector Workforce:

Total Workforce 14,362 (2023)
Bahraini nationals 9,995 (70%)
Foreign nationals 4,367 (30%)

Key Economic Indicators:

 

GDP (Current) US$43.2 billion (2023)
Growth -2.7% (2023)
GDP (Constant) US$36.3 billion (2023)
Growth 2.4% (2023)
Contribution of financial corporations to GDP in constant prices 17.8% (2023)
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$247.8 billion (December 2024)
Total No. of Banks 82 (January 2025)
Retail banks 29 (January 2025)
Locally incorporated retail banks 13
Branches of foreign retail banks 16
Wholesale Banks 53
Representative Offices (Banks) 8
Bank Society 1
Islamic Banks (included in above):
No. of banks 15 (January 2025)
Assets US$63.4 billion (December 2024)

 

Insurance Sector:

 

Total No. of Insurance Companies & Organisations
Authorised in Bahrain 137 (December 2024) excluding Appointed Representative
Domestic Market
Gross premiums BHD 239,438,000 (US$ 636,666,037.4) (September 2024)
No. of Insurance Firms 30
– 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 9
Insurance Brokers 34
Insurance Consultants 4
Insurance Managers 3
Representative Offices 2
Registered Loss Adjusters 14
Registered Actuaries 29
Insurance Ancillary Services 6
Insurance Pools & Syndicates 2
Insurance Society 1
Insurance Licensees Restricted: 12
– Insurance Firms restricted: 8
– Insurance Brokers restricted: 3
– Insurance Consultants restricted: 1
Insurance Appointed Representative 96
– Corporate 26
– Individual 70

 

Investment Business Firms:

No. of Investment Business firms 50 (December 2024)

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  3
Ancillary Service Providers  30
Registered Professional Body  1
Representative Offices  14

 

Funds Industry:

Authorized Funds 1738 (April 2025)
NAV US$11.170 billion (December 2024)
Locally Incorporated (CIUs)  50
– Conventional-CIU  27
– Islamic-CIU  23
Locally Incorporated (PIUs)  9
– Conventional-PIU  5
– Islamic-PIU  4
– Islamic Funds (both local and overseas)  152
Foreign Funds-Offshore 1679 (April 2025)
NAV for Local Funds (CIUs and PIUs) US$4.268 billion (December 2024)
NAV for Offshore Funds US$6.902 billion (December 2024)
NAV for Islamic Funds (Local and Offshore) US$1.715 billion (December 2024)

 

Capital Market:

Market Capitalisation US$ 20.4 billion (December 2024)
Listed Companies 40
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 8

 

 

 

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