NO. 10


Financial and Banking News

Regional Banking

Bahrain Introduces Deposit Protection Scheme

The Bahrain Monetary Agency (BMA) has introduced a deposit protection schemewhich will provide compensation in the event of a local commercial bank beingput into liquidation. The scheme applies to deposits held in the Bahrain officesof full commercial banks which are either residents or non-residents of Bahrain.There are 17 commercial banks in Bahrain (including Rafidain Bank,...