MANAMA: Bahrain’s money supply (M3) surged nine per cent to BD13,634.1 million at the end of November 2019, compared with BD12,504.3m at the end of November 2018, the Central Bank of Bahrain (CBB) said in its monthly statistical bulletin yesterday.
In addition, the total outstanding balance of public debt instruments which includes Development Bonds, Treasury Bills, Islamic Leasing securities and Al Salam Islamic securities, stood at BD12,045.4m at the end of November 2019, an increase of 5.1pc compared with its level of BD11,457m in November 2018.
The data also indicated an increase in the total balance sheet of the banking system from $192.1 billion at the end of November 2018 to $205.6bn at the end of November 2019, an increase of $13.5bn, or 7pc, in the 12-month period.
The total value of outstanding loans and credit facilities provided by retail banks amounted to BD 9,782.8m at end of November 2019 compared with BD9,440m at the end of November 2018, an increase of 3.6pc.
This amount includes loans and facilities provided to the business sector amounting to BD5,166.9m at the end of November 2019 compared with BD5,052.1m at the end of the same period last year, an increase of 2.3pc.
The data shows that credit card and debit card transactions across point of sales (POS) terminals amounted to BD217.4m in November 2019 compared with BD193.2m in November 2018, marking an increase of BD24.2m or 12.5pc.
The balance sheet of retail banks increased by BD3bn, or 9.3pc, reaching a total of BD35.4bn at the end of November 2019 compared with BD32.4bn at end of November 2018.
The data also shows an increase in local non-bank deposits which amounted to BD13.1bn at the end of November 2019 compared with BD12bn at the end of November 2018, an increase of 9.2pc.
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