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$37.5 billion (2019)
Growth 2.4% (2019)
GDP (Constant) US$34.3 billion (2019)
Growth 1.8% (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$212.6 billion (July 2020)
No. of institutions 376 (September 2020)
Total No. of Banks 93 (September 2020)
Retail banks 31 (September 2020)
Locally incorporated 14
Branches of foreign banks 17
Wholesale Banks 62
Representative Offices (Banks) 8
Bank Society 1
Islamic Banks (included in above):
No. of banks 19 (September 2020)
Assets US$32.7 billion (July 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 1,983 (September 2020)
NAV US$6.761 billion (June 2020)
Locally Incoporated (CIUs)  64
– Conventional-CIU  38
– Islamic-CIU  26
Locally Incorporated (PIUs)  12
– Conventional-PIU  7
– Islamic-PIU  5
– Islamic Funds (both local and overseas)  75
Foreign Funds-Offshore 1,907  (September 2020)
NAV for Local Funds (CIUs and PIUs) US$2.803 billion (June 2020)
NAV for Offshore Funds US$3.958 billion (June 2020)
NAV for Islamic Funds (Local and Offshore) US$1.822 billion (June 2020)

 

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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