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Jobs boost in financial sector

Bahrain News
Tue, 17 Apr 2018

A SURVEY conducted by the Central Bank of Bahrain revealed an increase in the number of jobs in the financial sector last year.

The total number of employees in the sector went up to 14,093 last year compared to 14,015 at the end of 2016, an increase of 78 jobs.

The banking sector also underwent an increase in employment by 45 jobs - 7,447 at end of last year compared with 7,402 in 2016.

The employment in the non-bank financial sector, comprising insurance firms, money changers, financing companies, investment business firms and other non-bank financial institutions, increased by 0.6 per cent - taking the number to 6,194 employees last year against 6,156 employees in 2016.

Survey

The number of employees in the supporting institutions decreased from 457 in 2016 to 452 last year.

The annual survey also recorded the Bahraini workforce employed by the financial services sector which reached 9,248 last year, an increase of 93 jobs.

Bahraini workforce represented 65.6pc of the total workforce in the financial sector.

The proportion of Bahraini women was 38.3pc of the total Bahraini workforce under the financial sector, maintaining the same percentage as 2016.

Additionally, the proportion of Bahraini women in managerial positions was 32.2pc of the total Bahraini managerial positions last year, an increase from 31pc in 2016.

The survey also showed that the number of Bahraini women on the boards of banks and financial institutions was 8.7pc of the total Bahraini board members last year, up from 6.4pc in 2016.