Within the realm of financial services in Bahrain, most of the attention in recent years has been on the wholesale sector, where the internationally focused nature of the business left banks relatively more exposed to the effects of the global financial crisis. In contrast, retail banks in Bahrain have been steady, continuing to serve their...
Bahrain has remained largely insulated from international external risks and has weathered the global economic shocks of the recent past relatively well. At the height of the international financial downturn, for example, the kingdom avoided falling into recession and even achieved real GDP growth of more than 6% in 2008 and over 3% in 2009.
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