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The Financial Sector FACT SHEET

Fact Sheet

Regulator
Central Bank of Bahrain

Financial Institutions - 365 (November 2021)
Financial Sector Workforce
Total Workforce - 13,737 (2020)
Bahraini nationals - 9316 (68%)
Foreign nationals - 4421 (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 Stable Outlook
B+ (Fitch August 2021)
with Stable Outlook
Population - 1,472,204 (2020)

Banking Sector:
Assets - US$210.1 billion (October2021)
No. of institutions - 365 (November 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)

Source: Central Bank of Bahrain

Bahrain Banks Directory 2022 25