Cash and Banking System \n
The Central Bank of Bahrain (CBB) could be the solitary regulator of this whole sector that is financial with an integral regulatory framework addressing all economic solutions supplied by mainstream and Islamic finance institutions.\u00a0 Bahrain\u2019s banking sector continues to be quite healthy despite suffered reduced international oil costs. Bahrain\u2019s banking institutions remain well capitalized, and there’s enough liquidity to make sure an excellent price of investment. Bahrain continues to be a monetary center for the GCC area, though numerous economic companies have actually relocated their local head office to Dubai during the last ten years.\u00a0 The GOB is still a motorist of innovation and expansion into the finance sector that is islamic. In 2018, Bahrain ranked given that GCC\u2019s leading Islamic finance market and 2nd away from 92 nations global, according into the ICD-Thomson Reuters Islamic Finance developing Indicator. \n
Bahrain has a fruitful regulatory system that encourages portfolio investment, therefore the CBB has completely implemented Basel II criteria, while wanting to bring Bahraini banking institutions into compliance with Basel III criteria.\u00a0 Bahrain\u2019s banking sector includes 98 retail banks, of which 68 are wholesale banking institutions, 16 are branches of international banks, and 14 are locally included. Continue reading
