Bahrain’s financial sector hits $245bln in assets
TDT | Manama
Email: mail@newsofbahrain.com
Assets worth $245.6 billion sit on the books of Bahrain’s banks, the Central Bank’s May tally shows.
They are spread across 369 licensed finance houses. Eighty-three of those houses are banks. Fifteen are Islamic, and their combined assets stand at $62.6 billion.
The payroll in the wider financial field reached 14,775 in 2024.
Bahrainis held 10,259 posts, which accounts for around seven in ten. Expatriates filled the remaining 4,516.
Output
Nominal output came in at $47.1 billion last year, a rise of two per cent. In real terms the figure was $40.3 billion, up 2.6 per cent.
Finance accounted for 17.2 per cent of that real total.
Insurance followed suit. One hundred and thirty-seven licensed firms had written BD239.4 million in premiums by December 2024.
Investment firms numbered 50 at the same date.
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