Fact Sheet

Bahrain Banks Directory > Fact Sheet

The Financial Sector

Fact Sheet
Regulator: Central Bank of Bahrain
Financial Institutions: 368 (January 2025)
  • Financial Sector Workforce:

Total Workforce – 14,362 (2023)
Bahraini nationals – 9,995 (70%)
Foreign nationals – 4,367 (30%)

  • Key Economic Indicators:

GDP (Current) – US$43.2 billion (2023)
Growth – -2.7% (2023)
GDP (Constant) – US$36.3 billion (2023)
Growth – 2.4% (2023)
Contribution of financial corporations to GDP in constant prices – 17.8% (2023)
Sovereign Rating – B+ (S&P November 2023) with a positive outlook
B+ (Fitch July 2023) with a stable outlook
Population – 1,557,182 (2022)

  • Banking Sector:

Assets – US$247.8 billion (December 2024)
Total No. of Banks – 82 (January 2025)
Retail banks – 29 (January 2025)
Locally incorporated retail banks – 13
Branches of foreign retail banks – 16
Wholesale Banks – 53
Representative Offices (Banks) – 8
Bank Society – 1
Islamic Banks (included in above) No. of banks – 15 (January 2025)
Assets – US$63.4 billion (December 2024)

  • Insurance Sector:

Total No. of Insurance Companies & Organisations
Authorised in Bahrain – 137 (December 2024) excluding Appointed Representative
Domestic Market Gross premiums – BHD 239,438,000 (US$ 636,666,037.4) (September 2024)
No. of Insurance Firms – 30

  • Locally Incorporated Insurance, Reinsurance Firms – 21
  • Insurance & Reinsurance Firms (included above, in Locally Incorporated) – 14
  • Takaful & Retakaful Firms (included above, in Locally Incorporated) – 6
  • Captives (included above, in Locally Incorporated) – 1
  • Overseas Insurance Firms – 9

Insurance Brokers – 34
Insurance Consultants – 4
Insurance Managers – 3
Representative Offices – 2

Registered Loss Adjusters – 14
Registered Actuaries – 29
Insurance Ancillary Services – 6
Insurance Pools & Syndicates – 2
Insurance Society – 1
Insurance Licensees Restricted: – 12

  • Insurance Firms restricted: – 8
  • Insurance Brokers restricted: – 3
  • Insurance Consultants restricted: – 1

Insurance Appointed Representative – 96

  • Corporate – 26
  • Individual – 70
  • Investment Business Firms:

No. of Investment Business firms – 50 (December 2024)

  • Specialised Licensees:

Total no. of institutions – 81 (December 2022)
Money Changers – 18
Fund Administrators License – 4
Financing Companies – 7
Microfinance Institution – 2
Trust Service Providers – 3
Ancillary Service Providers – 30
Registered Professional Body – 1
Representative Offices – 14

  • Funds Industry:

Authorised Funds – 1741 (January 2025)
NAV – US$11.232 billion (September 2024)
Locally Incoporated (CIUs) – 50

  • Conventional-CIU – 27
  • Islamic-CIU – 23

Locally Incorporated (PIUs) – 9

  • Conventional-PIU – 5
  • Islamic-PIU – 4
  • Islamic Funds (both local and overseas) – 150

Foreign Funds-Offshore – 1682 (January 2025)
NAV for Local Funds (CIUs and PIUs) – US$4.349 billion (September 2024)
NAV for Offshore Funds – US$6.883 billion (September 2024)
NAV for Islamic Funds (Local and Offshore) – US$1.904 billion (September 2024)

  • Capital Market:

Market Capitalisation – US$ 20.4 billion (December 2024)
Listed Companies – 40
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 – 8