Bahrain's banking industry booming
Bahrain's banking industry is booming, with the consolidated balance sheet rising to $163 billion at the end of last month, it was reported on Wednesday. This is a 33.5 per cent climb compared to the same time last year, according to Bahrain Monetary Agency (BMA) figures.
The balance sheet went up by $11.6bn (7.7pc) in three months, from $151.4bn at the end of March this year, the BMA said in its quarterly report. People are also borrowing more, with debts to Bahrain's commercial banks topping BD2.8bn.