Bahrain’s banking sector grows 4.6pc

Manama, November 12, 2007

The consolidated balance sheet of Bahrain’s banking system increased 4.6 per cent or $9.7 billion to $222.4 billion at the end of September.

At the end of June, the consolidated balance sheet stood at $212.7 billion, according to the Central Bank of Bahrain's Quarterly Statistical Bulletin.

The balance sheet has increased by 32.1 per cent in the past 12 months, the bulletin reported.

Foreign assets increased by 6.2 billion or 3.4 per cent to reach $187.7 billion against $181.5 billion at the end of June.

Total domestic liabilities amounted to $43.2 billion at the end of September compared with $38.4 billion at end-June, an increase of $4.8 billion or 12.5 per cent.

Foreign liabilities increased by $4.9 billion or 2.8 per cent to reach $179.2 billion at the end of September, compared with $174.3 billion at the end of June. – TradeArabia News Service

Tags: Bahrain | banking | CBB | Balance sheet |