Financial Services


Banking forms the biggest part of our financial services sector and has expanded rapidly as the Middle East’s oil-related wealth has grown. Across the Middle East, demand is building for more sophisticated products, with a quarter of wholesale banking assets based in the GCC10. In Bahrain alone, total banking assets reached $186.1 billion by October 20131.
Surging infrastructure development is creating a need for structured finance and lending products. Trade finance opportunities are increasing with the GCC’s integration into world markets.
Burgeoning private wealth is fuelling needs for private banking and wealth management products. For example, in ‘Private Banking after the Perfect Storm’, Booz & Company, the US consultancy, estimates that the high net worth (HNW) population in the Middle East will increase over the next few years from 430,000 to 530,000, with assets rising from $1.5 trillion to $1.93 trillion, while the Ultra HNW segment (those with liquid assets of over $20 million), will increase from around 3,500 to 4,0002.
Bahrain’s regulatory environment provides international banks with an ideal platform for conducting global business in an efficient and uncomplicated manner.

Banks in Bahrain include:

​International Banks ​Middle Eastern Banks
Tokyo-Mitsubishi UFJ ​Arab Bank
​BNP Paribas ​Arab Banking Corporation
Korea Exchange Bank ​National Bank of Kuwait
Citi The Saudi National Commercial Bank
HSBC National Bank of Abu Dhabi
​HDFC United Gulf Bank
ICICI Mashreq
JPMorgan Chase Gulf International Bank
State Bank of India
Standard Chartered
​Woori Bank
​Canara Bank
​Daiwa Securities
​United Bank Limited
​Bank of Baroda
​LGT Bank
​Bank of China
​Deutsche Bank

1Central Bank of Bahrain, Financial Sector Fact Sheet April 2014.

2Booz & Company, 2010