Page 21 - BBD 2020-21 Full_Neat

The Financial Sector FACT SHEET

Fact Sheet

Regulator
Central Bank of Bahrain
Financial Institutions - 370 (December 2020)

Financial Sector Workforce
Total Workforce - 14,095 (2019)
Bahraini nationals - 9430 (67%)
Foreign nationals - 4665 (33%)
Key Economic Indicators:
GDP (Current) - US$38.5 billion (2019)
Growth - 2.2% (2019)
GDP (Constant) - US$34.4 billion (2019)
Growth - 2.0% (2019)
Financial Sector contribution to GDP - 16.1% (2019)
Sovereign Rating - B+ (S&P November 2020)
with Stable Outlook
B+ (Fitch August 2020)
with Stable Outlook
Population - 1,483,756 (2019)
Banking Sector:
Assets - US$205.8 billion (November2020)
No. of institutions - 370 (December 2020)
Total No. of Banks - 91 (December 2020)
Retail banks - 30 (December 2020)
Locally incorporated - 13
Branches of foreign banks - 17
Wholesale Banks - 61
Representative Offices (Banks) - 8
Bank Society - 1
Islamic Banks (included in above):
No. of banks - 18 (December 2020)
Assets - US$31.2 billion (November 2020)

Source: Central Bank of Bahrain

Bahrain Banks Directory 2021 19