VOL. XLVI

No 4

27-January-2003

BAHRAIN

Bahrains Financial Sector Grew To 327 Institutions In 2002

Bahrains banking and financial industry totalled 327 institutions at the end of last year, said the Bahrain Monetary Agency (BMA), noting that it comprises 178 banking and banking service institutions and 149 insurance and insurance-related firms. The BMA granted 24 new banking licenses in 2002 compared with 15 in 2001 (but due to mergers and consolidations in the industry, the number of institutions...