The Central Bank: Domestic liquidity will rise to 16.5 billion dinars by the end of October 2024

– Private deposits increased by 3.9% to 14.4 billion dinars at the end of last October

– $248 billion in the consolidated budget of the banking system, an increase of 8.1%.

– 19.4 million point-of-sale transactions, 77.4% of which were through contactless cards

– $4.428 billion value of local investment funds’ assets by the end of the second quarter

The Central Bank of Bahrain revealed an increase in local liquidity rates, as the money supply reached 16.5 billion dinars at the end of October 2024, an increase of 0.8 billion dinars compared to the same period in 2023.

As for the retail sector banks, private sector deposits increased at the end of October 2024, reaching about 14.4 billion dinars, an increase of 3.4% compared to the same period in 2023.

The outstanding balance of loans and credit facilities provided to resident economic sectors also increased, reaching 12.1 billion dinars at the end of October 2024, an increase of 3.9% compared to the same period in 2023. The share of the business sector reached 42.4%, and the share of the people sector reached 49.0% of the total. Loans and credit facilities.

The consolidated budget of the banking system (retail sector banks and wholesale sector banks) rose to 248 billion US dollars at the end of October 2024, by 8.1% compared to the end of October 2023.

The Chairman of the Board of Directors of the Central Bank of Bahrain, Hassan Al Jalahma, chaired the fifth Board of Directors meeting for the year 2024, yesterday morning, Sunday, where the Board reviewed the topics on the agenda, as the Board approved the Bank’s budget for the year 2025, and also reviewed the most important monetary and banking developments during the year. 2024.

Point-of-sale operations data for October 2024 showed an increase in the number of operations compared to the same period in 2023, reaching 19.4 million transactions (77.4% of which were using contactless cards), an increase of 20.4%.

As for the total value of these transactions for the month of October 2024, it amounted to 407.2 million dinars (51.1% of which were using contactless cards), an increase of 13.5% compared to the same period in 2023.

The banking sector maintained a high percentage of capital adequacy and liquidity indicators, as the banking sector’s capital adequacy ratio reached 20.5% at the end of the third quarter of 2024, compared to 19.4% at the end of the third quarter of 2023.

The capital adequacy ratio for the various banking sectors reached 32.0% for the traditional retail sector banks, 16.3% for the traditional wholesale sector banks, 23.5% for the Islamic retail sector banks, and 19.8% for the Islamic wholesale sector banks at the end of the third quarter of 2024.

The total number of investment funds, according to the bank’s records, reached 1,737 investment funds by the end of November 2024, compared to 1,659 investment funds in the same period in 2023.

The total assets in investment funds increased on an annual basis from 10.644 billion US dollars at the end of the second quarter of 2023 to 11.178 billion US dollars at the end of the second quarter of 2024, an increase of 5.0%.

The value of assets in local investment funds increased on an annual basis from 4.390 billion US dollars at the end of the second quarter of 2023 to 4.428 billion US dollars at the end of the second quarter of 2024, an increase of 0.9%.

The value of assets in foreign investment funds increased from US$6.254 billion at the end of the second quarter of 2023 to US$6.750 billion by the end of the second quarter of 2024, an increase of 7.9%.

The value of assets in Islamic investment funds increased from US$1.409 billion at the end of the second quarter of 2023 to US$1.812 billion by the end of the second quarter of 2024, an increase of 28.6%.