Bahrain approves 16 new financial institutions amid sector expansion
Digital finance growth accelerates as international applicants make up 75% of new entries, creating over 850 jobs
MANAMA, Bahrain (MNTV) — Bahrain’s financial sector is witnessing sustained growth, with the Central Bank of Bahrain (CBB) confirming the approval of 16 new financial institutions and 52 additional license applications currently under advanced review between early 2024 and mid-2025.
According to the CBB, nearly 75% of the 68 license applications submitted during this period originated from international entities, underscoring Bahrain’s growing appeal as a digital finance hub in the region.
The newly approved institutions are expected to generate over 850 jobs at the outset, with further employment potential as these firms expand their operations.
Among the new licenses granted are two wholesale banks, while additional banking applications remain under evaluation.
The CBB noted that it is working closely with applicants to facilitate regulatory compliance and ensure adherence to licensing criteria.
The announcement was made during the “Financial Services Horizons” forum, organized in partnership with the Bahrain Economic Development Board.
The event brought together financial leaders to discuss developments in digital banking, payments infrastructure, and the upskilling of national talent to support the Kingdom’s digital transformation agenda.
Central Bank Governor Khalid Humaidan attributed the rise in licensing activity to Bahrain’s robust regulatory environment and collaborative approach.
“This increase reflects the Central Bank’s institutional role and the strength of Bahrain’s financial framework, which combines innovation with financial stability,” Humaidan said.
He also credited effective coordination between public and private sector stakeholders for driving the sector’s continued growth both regionally and globally.
The CBB’s unified regulatory model plays a central role in this progress. By offering licensed institutions a single point of contact across financial services, the model simplifies regulatory procedures, reduces conflicting requirements, and enhances supervisory efficiency — helping position Bahrain as a leading financial center.
Have Your Say!
Have you been affected by the issues raised in this story? Please share your experiences by emailing haveyoursay@soundvision.com.
Please include a contact number if you are willing to speak to a Muslim Network TV’s representative. You can also get in touch in the following ways:
Tweet: @MuslimNetworkTV
We must take charge of our narrative. Research indicates that 92% of their Muslim coverage is negative. Help us change that.
