Fact Sheet

Regulator:

Central Bank of Bahrain

Financial Institutions:

0
(October 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$211.7 billion (September 2021)
Total No. of Banks 90 (October 2021)
Retail banks 36 (October 2021)
Locally incorporated 19
Branches of foreign banks 17
Wholesale Banks 71
Representative Offices (Banks) 9
Bank Society 1
Islamic Banks (included in above):
No. of banks 17 (October 2021)
Assets US$32.9 billion (September 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  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 1701 (Oct 2021)
NAV US$10.122 billion (Jun 2021)
Locally Incoporated (CIUs)  61
– Conventional-CIU  36
– Islamic-CIU  25
Locally Incorporated (PIUs)  13
– Conventional-PIU  8
– Islamic-PIU  5
– Islamic Funds (both local and overseas)  90
Foreign Funds-Offshore 1,598 (Oct 2021)
NAV for Local Funds (CIUs and PIUs) US$5.786 billion (Jun 2021)
NAV for Offshore Funds US$4.336 billion (Jun 2021)
NAV for Islamic Funds (Local and Offshore) US$1.100 billion (Jun 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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