Communication - Press

Bahrain’s money supply rises to BD13,546m

MANAMA: Bahrain’s (M3) money supply increased by 9.2 per cent reaching BD13,546.2 million as of end-June, compared with BD12,402.3m as of end-June last year, shows data from the Central Bank of Bahrain (CBB).

The regulator’s monthly statistical bulletin for last month indicates an overall improvement in monetary and banking indicators.

Total outstanding balance of public debt instruments which includes development bonds, treasury bills, Islamic leasing securities and Al Salam Islamic securities dropped at the end of June to BD11,293.4m from BD11,501m in June 2018.

Total outstanding balance of public debt instruments as a percentage of the gross domestic product (GDP) remained stable at 79.3pc as of the end of second quarter, compared with 80.8pc as of the second quarter of 2018.

The total balance sheet of the banking system saw a significant increase of 8.1pc from BD188.2 billion as of end-June 2018 to BD203.4bn as of end-June 2019.

Total value of outstanding loans and credit facilities provided by retail banks amounted to BD9,887.3m as of end-June compared with BD9,202.3m as of end-June 2018, an increase of 7.4pc.

Loans and facilities provided to the business sector amounting to BD5,241.8m as of end-June 2019 compared with BD4,911.8m as of end-June last year.

Credit card and debit card transactions across point of sale (POS) terminals amounted to BD203.5m in June 2019 compared with BD171.7m in June 2018; marking a significant increase of 18.5pc.

The balance sheet of retail banks increased by BD2.4bn, or 7.5pc, reaching BD34.5bn as of end-June 2019 compared with BD32.1bn as of end-June 2018.

Local non-bank deposits amounted to BD13bn as of end-June 2019 compared with BD11.8bn at the end of June 2018, an increase of 10.2pc.

Source: http://www.gdnonline.com/Details/581695