Regulator:
Fact Sheet
Central Bank of Bahrain
Financial Institutions:
0
(January 2020)
Financial Sector Workforce:
| Total Workforce | 14,148 (2018) |
| Bahraini nationals | 9,285 (66%) |
| Foreign nationals | 4,863 (34%) |
Key Economic Indicators:
| GDP (Current) | US$37.7 billion (2018) |
| Growth | 6.4% (2018) |
| GDP (Constant) | US$33.6 billion (2018) |
| Growth | 1.7% (2018) |
| Financial Sector contribution to GDP | 16.5% (2018) |
| Sovereign Rating | B+ (S&P December 2018) with Stable Outlook BB- (Fitch March 2018) with Stable Outlook |
| Population | 1,503,091 (2018) |
Banking Sector:
| Assets | US$205.5 billion (November 2019) |
| No. of institutions | 376 (January 2020) |
| Total No. of Banks | 94 (January 2020) |
| Retail banks | 31 (January 2020) |
| Locally incorporated | 14 |
| Branches of foreign banks | 17 |
| Wholesale Banks | 63 |
| Representative Offices (Banks) | 8 |
| Bank Society | 1 |
| Islamic Banks (included in above): | |
| No. of banks | 20 (January 2020) |
| Assets | US$31.4 billion (November 2019) |
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 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 License | 3 |
| 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 | 2,080 (February 2020) |
| NAV | US$7.2 billion (December 2019) |
| Locally Incoporated (CIUs) | 62 |
| – Conventional-CIU | 37 |
| – Islamic-CIU | 25 |
| Locally Incorporated (PIUs) | 12 |
| – Conventional-PIU | 7 |
| – Islamic-PIU | 5 |
| – Islamic Funds (both local and overseas) | 74 |
| Foreign Funds-Offshore | 2,006 (February 2020) |
| NAV for Local Funds (CIUs and PIUs) | US$3.046 billion (December 2019) |
| NAV for Offshore Funds | US$4.154 billion (December 2019) |
| NAV for Islamic Funds (Local and Offshore) | US$1.152 billion (December 2019) |
Capital Market:
| Market Capitalisation | US$ 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 |