According to a report issued by the Central Bank of Bahrain (CBB), domestic liquidity rates in the country saw an increase, while the money supply reached 15.1 billion dinars at the end of October 2022, up 1.3 percent from October 2021.
The Kingdom’s financial and banking sectors achieved positive results at all levels.
Read more: Bahrain posts biggest annual GDP increase since 2011
Private sector deposits increased at the end of October 2022, amounting to approximately 13.4 billion dinars, a 4.1 percent increase over October 2021.
The outstanding balance of loans and credit facilities provided to resident economic sectors increased as well, reaching 11.4 billion dinars at the end of October 2022, up 6.3 percent from the end of October 2021.
The business sector received 45.7 percent of total loans and credit facilities, while the personal sector share received 49.7 percent.
Additionally, the banking system’s consolidated budget (retail sector banks and wholesale sector banks) increased by 5.9 percent to $222.5 billion at the end of October 2022.
Data from point-of-sale operations revealed an increase in the number of transactions in the first eleven months of the year 2022 (January 2022 – November 2022), reaching 148.1 million transactions (74.2 percent of which were made with contactless cards), a 31.5 percent increase over the same period in 2021.
Moreover, the total value of these operations was 3.5 billion dinars (46.4 percent of them using contactless cards) for the first eleven months of 2022 (January 2022 – November), a 25% increase over the same period last year.
