Bahrain’s bank account excess raised incredibly from $2.63 bln in 2021 to $6.7 bln in 2022.
Bahrain’s real economic development during the 3rd quarter of 2022 got to 4.2% with consumer cost index registering a boost of 3.6%.
The kingdom’s bank account excess increased incredibly from BD978.5 million ($ 2.63 billion) in 2021 to BD2.57 billion ($ 6.7 billion) in 2022, the Reserve Bank of Bahrain’s (CBB) Board of Supervisors noted at its initial conference for the year 2023.
Chaired by Hassan Khalifa Al Jalahma, the Board assessed the topics on the agenda and accepted the CBB’s annual report and also audited monetary statements for the year 2022, in addition to evaluating the CBB’s tasks for 2022.
Money supply
The Board likewise examined crucial monetary and also banking signs for the year consisting of cash supply, which enhanced to BD15.1 billion at the end of 2022, a boost of 1.7% compared to the end of 2021.
The financial field kept a high level of funding adequacy and also liquidity, as the capital adequacy proportion of the financial sector reached 19.6% in Q4 2022 compared with 18.7% in Q4 2021.
The capital adequacy ratio for the different financial fields was 21.5% for conventional retail financial institutions, 17.6% for traditional wholesale banks, 21.8% for Islamic retail financial institutions, and 17.0% for Islamic wholesale financial institutions in Q4 2022.
When it comes to retail banks, overall personal deposits enhanced to BD13.5 billion at the end of 2022, an increase of 4.4% contrasted to the end of 2021.
The superior equilibrium of total loans and credit report centers encompassed resident private sectors raised to BD11.3 billion at the end of 2022, an increase of 3.6% compared to the end of 2021, with the business industry accounting for 43.8% and the personal industry at 50.6% of complete financings and credit scores facilities.
Balance of sheet
The annual report of the financial system (retail financial institutions and wholesale market banks) increased to $224.1 billion at the end of 2022, a boost of 3.0% contrasted to the end of 2021.
When it comes to the first month of 2023, the money supply increased to get to BD15.7 billion at the end of January 2023, a rise of 5.3% contrasted to the end of January 2022. As for retail banks, complete private deposits boosted to BD13.9 billion at the end of January 2023, an increase of 8.0% compared to the end of January 2022.
The exceptional equilibrium of overall fundings and credit rating facilities reached resident private sectors enhanced to BD11.3 billion at the end of January 2023, a rise of 3.4% compared throughout of January 2022, with the business field audit for 44.2% and the individual field at 50.5% of total car loans as well as credit report centers.
The annual report of the financial system (retail financial institutions as well as wholesale industry banks) increased to $224.9 billion at the end of January 2023, a boost of 3.9% contrasted to the end of January 2022.
Point of Sales
Factor of Sales (POS) information for the year 2022 totalled 162.8 million purchases (74.5% of which were contactless), an increase of 29.7% compared to 2021.
The complete value of POS transactions for the year 2022 totaled BD3.8 billion (46.7% of which were contactless), a boost of 22.0% contrasted to 2021. As for the figures of the initial two months of 2023, POS information amounted to 28.6 million deals (77.0% of which were contactless), a rise of 19.2% contrasted to the first two months of 2022.
The complete value of POS deals for the first two months of 2023 amounted to BD657.7 million (49.5% of which were contactless), a rise of 16.9% contrasted to the first two months of 2022.
The complete variety of registered Collective Financial investment Tasks (CIUs) as of the end of 2022 stood at 1745 CIUs, of which 211 new CIUs were registered during 2022, an increase of 63.6% compared to 2021.
The web property worth (NAV) of the CIUs boosted from $10.6 billion in 2021 to $11.6 billion in 2022, reflecting an increase of 8.7%. Additionally, the NAV of overseas domiciled CIUs raised from $4.7 billion in 2021 to $6.1 billion in 2022, an increase of 31.3%.
Last Updated: 20 March 2023
