Fact Sheet

Regulator:

Central Bank of Bahrain

Financial Institutions:

0
(November 2021)

Financial Sector Workforce:

Total Workforce 13,737 (2020)
Bahraini nationals 9,316 (68%)
Foreign nationals 4,421 (32%)

Key Economic Indicators:

GDP (Current) US$34.7 billion (2020)
Growth -10.2% (2020)
GDP (Constant) US$32.8 billion (2020)
Growth -5.1% (2020)
Financial Sector contribution to GDP 17.9% (2020)
Sovereign Rating B+ (S&P November 2021) with a stable outlook

B+ (Fitch August 2021) with a stable outlook

Population 1,472,204  (2020)

Banking Sector:

Assets US$210.1 billion (October 2021)
Total No. of Banks 89 (November 2021)
Retail banks 30 (November 2021)
Locally incorporated 13
Branches of foreign banks 17
Wholesale Banks 59
Representative Offices (Banks) 9
Bank Society 1
Islamic Banks (included in above):
No. of banks 16 (October 2021)
Assets US$32.9 billion (October 2021)

Insurance Sector:

Total No. of Insurance Companies & Organisations
Authorised in Bahrain 144 (December 2020)* excluding Appointed Representative
Domestic Market
Gross premiums US$202,880,000 million (December 2020)
No. of Insurance Firms 22
– Locally Incorporated Insurance Firms 14
— Takaful & Retakaful Firms (included above, in Locally Incorporated) 7
— Captives (included above, in Locally Incorporated) 1
– Overseas Insurance Firms 11
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: 16
– Insurance Firms restricted: 10
– Insurance Brokers restricted: 4
– Insurance Consultants restricted: 2
Insurance Appointed Representative 64
– Corporate 23
– Individual 41

Investment Business Firms:

Total no. of institutions  49 (February 2022)
No. of Investment Business firms  52 (February 2022)

Specialised Licensees:

Total no. of institutions  81 (February 2022)
Money Changers  18
Fund Administrators License  3
Registered Administrators  0
Financing Companies  5
Microfinance Institution  2
Trust Service Providers  4
Ancillary Service Providers  32
Registered Professional Body  1
Representative Offices  15
Bahrain Asset Manager Association  1

 

Funds Industry:

 

Authorised Funds 1670 (Mar 2022)
NAV US$10.644 billion (Dec 2021)
Locally Incoporated (CIUs)  60
– Conventional-CIU  35
– Islamic-CIU  25
Locally Incorporated (PIUs)  13
– Conventional-PIU  8
– Islamic-PIU  5
– Islamic Funds (both local and overseas)  91
Foreign Funds-Offshore 1,563 (Mar 2022)
NAV for Local Funds (CIUs and PIUs) US$5.979 billion (Dec 2021)
NAV for Offshore Funds US$4.665 billion (Dec 2021)
NAV for Islamic Funds (Local and Offshore) US$1.098 billion (Dec 2021)

 

Capital Market:

Market Capitalisation US$ 28,888,753,264.52 (January 2022)
Listed Companies 41
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 2

 

 

 

Back to top