Though Bahrain is less than 800km in diameter, it is a dynamic commercial hub. Bahrain's historical influence stemmed from its location on the Gulf's trade routes. Today, Bahrain is one of the world's fastest growing banking and financial centres, as well as a high-growth tourist destination.
Bahrain was the first Gulf state to discover oil in 1932, since when it has led the region's transition to a modern economy with strong global trading links.
Bahrain Stock Exchange has a market capitalisation of US$19 billion with a wide range of listed securities. It was one of the first bourses in the Gulf Corporation Council (GCC) to list instruments such as preferred shares, bonds, Islamic Sukuks and mutual funds.
Bahrain is home to more than 400 diverse financial services companies that undertake activities in investments, insurance and banking. Bahrain's financial sector comprises a unique blend of local, regional and international firms with wide ranges of financial products.
The Financial services sector is regulated by the Central Bank of Bahrain (CBB), which adopts a unitary approach to oversight.
A current account allows instant access to real-time balances and transaction information in up to 20 currencies. Accounts can be included in BFC Bankâ's multi-currency pooling group, subject to approval. Clients can make and receive electronic payments internationally and carry out foreign exchange transactions. Read more >>Read more >>
BFC Bank makes it easier for Small to Medium-sized Enterprises (SMEs) to understand banking fees and FX charges. SMEs may struggle to identify the precise nature and breakdown of charges when banks are not transparent in how they charge clients and bundle costs.. Read more >>Read more >>