Bahrain – 2 banks and 4 insurers licensed in 2015
Tuesday, 09 01 2015, Category: Insurance and Reinsurance, Country: Bahrain
The Director of Licensing & Policy at the Central Bank of Bahrain Mr. Ahmed Al-Bassam revealed that the central bank is examining in the current period the new applications related to 3 or 4 financial institutions in addition to the 6 licenses granted to financial institutions operating in the insurance and banking sector in the past period. Al-Bassam added in a statement to the economic “Al-Ayam” that the central bank will be studying the new applications during the next weeks and will subsequently announce the names of companies as soon as the examination ends. So he expects to make such announcements in the last quarter of the current year.